Tax Code 101: Understanding New Tax Savings for Small Businesses on HVAC EquipmentBilly Pell
Regardless of your political views, the new tax code Section 179 can save small businesses a lot of money on HVAC equipment. However, understanding the savings opportunity can be tricky.
Fortunately, there’s an entire government website dedicated to helping people understand how much they can save on HVAC equipment with the new tax code. In table illustration (table 1) from the website, it is estimated the equipment cost after tax could be up to 65% cheaper!
The government website explains, “Essentially, Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year.”
Prior to this new tax code, equipment deductions spanned multiple years beyond the purchase year. By allowing businesses to deduct the full purchase price in the purchase year, the potential savings opens up new opportunities for business owners to invest in and grow their businesses plus boost the economy.
Want to learn more about the new tax code opportunities for small businesses? Certified Public Accountant (CPA) Craig Cody will be speaking live next month how to maximize the savings and growth opportunities for your business including:
- Major changes in the new tax code
- The impact of the new tax code for contractors
- Simple steps to maximize the new tax code benefits
He will be speaking in a live, free webinar on Tuesday, April 17, 2018 at 2:00pm ET (11:00am PT).
Are you a contractor? We’d love chat with you about the overlooked tax savings benefits of Aeroseal for your business and how Aeroseal duct sealing can grow your business and help homeowners be more comfortable in their homes. Call us 877-349-3828, email us, or leave a comment below.
Are you a business owner? Find a commercial Aeroseal service provider near you to see how you could saving money from upgrading your company’s HVAC equipment in 2018 and ensuring you get the maximum system performance.