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Tag Archives: business

  • Understanding Section 179 for Your Small Business

    Most small businesses point to access to capital as the number one hurdle in growing their business. With it, they can hire, purchase inventory, upgrade equipment, and increase marketing efforts. But even the application for that funding can be cumbersome.

    To help you or another small business gain access to capital, our affiliate partner Kabbage reviews basic business information to understand performance and deliver flexible funding online or through their app. It's a modern-day solution to an age-old problem.

    Courtesy of Kabbage

     

    Their site is brimming with helpful resources for small businesses from their blog to case studies to their small business toolkit. But here, we're going to focus on one specific issue: section 179.

    Section 179 applies to tax deductions for business depreciation of property. While it won’t increase the overall deduction you can take, it does give small businesses an option to take their deduction more quickly. With Section 179, a company can deduct the full value of certain business equipment purchases in the same tax year that the purchases are made, instead of spreading it out over many years.

    We asked Kabbage to break down the details of Section 179 to help make it clear and simple.  
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