It's that time of the year again... If you're a small business owner, you're likely very excited to embark on a new year and perhaps celebrate some big wins or advancement in 2016! However, if you've ended the year with net profit on the books, this time of year can be equally stressful when considering your business' tax obligations.
As many small business owners understand, it's important to be strategic about your business related purchases. The decision to purchase items such as equipment, vehicles, or computers in December or in January could mean all the difference in the world as it pertains to better managing cash-flow and helping to minimize or postpone tax liability.
Ask your accountant about the section 179 tax deduction and how it may help your business continue preparedness as we approach a new and exciting year. Below is an infographic we created, so you can better visualize how the 179 deduction works. If any of these business related expenses need to be financed, we're more than happy to consult you on what business financing solutions may be available. It all starts with a call to one of our Capital Advisors or you can simply apply online at www.capitalwithstrategy.com/apply.
