The Final Call: Why Now is the Best Time to Leverage Section 179 for Your Business

As we approach the close of 2024, time is running out for businesses to fully leverage the benefits of Section 179. This powerful tax incentive allows you to deduct the full purchase price of qualifying equipment and software, but to take advantage of it, you need to act before the clock strikes midnight on December 31st.

In this final article of our series, we’ll recap key points from our previous discussions and give one last call to action for business owners to move quickly, secure financing, and invest in their future.

Recap: What Section 179 Can Do for Your Business

Over the course of this series, we’ve explored how Section 179 can benefit businesses across various industries—from restaurants and bars, to farming, construction, trucking, and tech. The ability to deduct the full purchase price of qualifying equipment has the potential to significantly reduce your tax burden and free up cash for reinvestment in your business.

Here are the key takeaways:

• Immediate Tax Savings: Section 179 allows businesses to deduct the full cost of equipment and software in the year it’s placed in service, giving you a direct reduction in taxable income.
• Applies to Many Industries: No matter what field you’re in—whether it’s construction, farming, trucking, retail, or tech—Section 179 can help you stay competitive by making it easier to invest in new tools and technologies.
• Financed Purchases Qualify: You can claim the deduction even if you finance the purchase. This allows you to deduct the full cost while paying for the equipment over time.
• Don’t Forget About Software: It’s not just about physical equipment. Section 179 covers off-the-shelf software, giving your business the tech tools it needs to thrive.

Time is Running Out: The Year-End Deadline

One of the most important aspects of Section 179 is the timing. All qualifying equipment must be purchased and placed in service by December 31st, 2024, to take advantage of the deduction for this tax year. That means the clock is ticking, and delaying your decisions could cost you.

If you’ve been on the fence about upgrading your equipment or investing in new technology, now is the time to act. Waiting could mean missing out on the substantial tax savings Section 179 provides.

The Role of Financing in Your Year-End Strategy

At Commercial Capital Connect (CCC), we understand that purchasing new equipment often comes with hefty upfront costs. That’s why we offer flexible financing solutions to help businesses make these crucial investments before the year ends:

• Funding from $5,000 to $100 million: Whether your needs are large or small, we’ve got you covered.
• Flexible Terms: Choose from terms as short as 12 months or as long as 10 years.
• Quick Funding: Get funding in as little as 4 hours, so you don’t have to wait to put your plans into action.
• Low Credit? We’ve Got You: We work with businesses that have FICO scores as low as 600, and even lower with a good business story.
• No Down Payment Options: Invest in your business with minimal to no upfront cost.
• Startups Are Welcome: Even if your business is just getting started, we can help you secure the financing you need to grow.

Take Action Now: Don’t Miss This Opportunity

As we wrap up this series, the message is simple: Section 179 is a powerful tool, but the window to take full advantage of it in 2024 is closing fast. Now is the time to make your equipment purchases, secure financing, and lock in your tax savings.

At CCC, we’re here to support you every step of the way. Don’t let this opportunity pass you by—reach out today to explore your financing options and take the next step toward a stronger, more profitable future for your business.

Book an Appointment with Cheryl today!

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