Section 179 2020 Tax Deduction for Small Business Technology Investment Explained

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Small business tax benefits of qualifying technology purchases and new higher limits for Section 179 2020 deductions discussed—in a new article from eMazzanti Technologies

Section 179 2020
Investing in revenue-generating, cost cutting and security enhancing technology is a smart business decision that comes with a large tax break for 2020.

Today, a NYC area retail and small business technology consultant and MSP published information about changes to the Section 179 Tax Deduction for business investment in equipment and technology. The valuable guidance for small and mid-size businesses can be found in a new article on the eMazzanti Technologies website.

Section 179 2020 Tax Deduction

The informative article reviews details of and changes to the Section 179 tax deduction for 2020. The increased deduction limit of $1,040,000, spending cap of $2,590,000, and bonus depreciation are explained.

In addition, suggested technology purchases appear on a small business technology investment shopping list that follows. The list features items currently needed by many small businesses, including remote work collaboration equipment, laptops, desktops and remote worker security.

“Investing in revenue-generating, cost cutting and security enhancing technology is a smart business decision that comes with a large tax break for 2020,” stated Jennifer Mazzanti, CEO of eMazzanti Technologies. “Business owners who take advantage of the Section 179 2020 tax deduction choose a path to accelerated success.”

Below are a few excerpts from the article, “Section 179 2020 Tax Deduction for Small Business Technology Investment.”

“With 2020 going out with a bang (or more accurately, a spike), business owners welcome the great news of increased year-end tax deductions. With Section 179 2020 offering significant tax relief, small businesses can end the year on a high note with upgraded technology to make 2021 a great recovery year.”

Large Deduction Brings Small Business Benefits

“The Tax Cuts and Jobs Act, which took effect in 2018, introduced some eye-popping adjustments to Section 179. Combined with bonus depreciation, they put more money into your business investment budget.”

“For example, a business takes advantage of the opportunity to replace aging computers and install modern video conferencing technology. With qualifying expenses totaling $1.25 million, the business qualifies for the $1,040,000 deduction. It then takes the bonus depreciation for the remaining $210,000. In the current 21% percent small business tax bracket, the investment gains $262,500 in tax write-offs.”

Section 179 2020 Technology Investments

“With the December 31 deadline fast approaching, now is the time to start making strategic technology investments. You might upgrade remote worker security to protect business data, for instance. Or you can take the opportunity to beef up conference room equipment for expanded video conferencing capabilities.”

Maximize Year-end Purchasing Power with Expert Advice

Count on the business technology expertise at eMazzanti to maximize the tax savings available from Section 179 2020. They guide small business owners through the hardware and software options available and help to forecast their future technology needs. Contact one of the Section 179 technology specialists today to begin the process.

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About eMazzanti Technologies

eMazzanti’s team of trained, certified IT experts rapidly deliver increased revenue growth, data security and productivity for clients ranging from law firms to high-end global retailers, providing advanced retail and payment technology, cloud and mobile solutions, multi-site implementations, 24×7 outsourced network management, remote monitoring and support.

eMazzanti has made the Inc. 5000 list 9X, including eight consecutive years, is a 4X Microsoft Partner of the Year, the #1 ranked NYC area MSP and NJ Business of the Year! Contact: 1-866-362-9926, info@emazzanti.net or http://www.emazzanti.net Twitter: @emazzanti Facebook: Facebook.com/emazzantitechnologies.

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Kent Sorensen
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