Have you enjoyed the last two months of headlines sharing positive reports on the state of the U.S. economy? The good news headlines are worth noting to keep the momentum going – though many in the construction industry have felt the rise since the beginning of the year. Personally we’ve appreciated renewed faith in the U.S. economy with customer orders to install demountable glass walls coming in from a variety of industry sectors.
Now entering the end of the last quarter the realization that increased sales, means increased profit, which means increased taxes sets in. It may be too late in the year to jump into a major office renovation and squeak in the section 179 tax deduction, but it doesn’t mean you need to miss out on the business tax deduction. You could still start 2015 with a fresh new look by retrofitting your offices and conference rooms with contemporary glass walls. Current year Section 179 deduction limit is $25,000 plus an adjustment for inflation. Keep in mind the items must be put into use by midnight December 31, 2015.
The highest Section 179 incentives were offered in 2011-2012 and has decreased each year. Deducting a full $25,000 expense on your small business taxes this year can help those small and medium size businesses who have seen increase this year. Since Section 179 can change from year to year we don’t know what will be offered for 2015 or if it may be completely eliminated.
Make the most of this hefty small business tax deduction. Call us for a quote today to get your small business headquarters current with demountable full pane glass office fronts. Or manufacturing plants can finally spring for that implant office or break room your staff has been requesting. Don’t hesitate to get on our demountable glass wall installers schedule to meet the 2014 Section 179 deadline of 12/31/14!