Along with the Christmas shopping rush, business owners and managers are rushing to purchase computers, software and other IT equipment before the the Section 179 deduction allowance expires December 31, 2013. If you are considering a large technology purchase you should do it now to take advantage of this special 100% tax deduction.
Under Section 179, small business owners can deduct the entire cost (100%) of up to $500,000 for computer equipment, network hardware, off-the shelf software and other business equipment. But you must make the purchase before January 1, 2014.
Now’s also the time for those using Microsoft Windows XP to purchase new operating system software. Microsoft will no longer support Windows XP after April 8, 2014. The same goes for Microsoft Office 2003, Windows Server 2003 and other older operating systems. Your business won’t be secure because you’ll be vulnerable to disastrous viruses and cybercrime as Microsoft will no longer release patches to support this software.
Veltec Networks can help you make the right IT purchasing decisions for your business—And we’ll help you secure financing for your purchases.