Section 179 Tax Savings on Computer Equipment and COVID-19 Work Environment Modifications

If you had to buy extra laptops and equipment for your employees to work from home because of the COVID-19 pandemic, this might be your year to take advantage of accelerated depreciation allowed by Section 179 of the IRS Tax Code. Not only should you look back through the past months to see what you bought, you should look forward to your 2021 projections, and see what you might be able to purchase before the end of 2020, so that you can save even more on your taxes.

Why Cheap IT is a Really Bad Idea

No one wants to overpay for IT, but it’s very possible that you’re sabotaging your business if you’re trying to keep costs low by under-investing in IT. The word “investment” is key here, because if you don’t spend the dollars up front, you’re going to end up spending them down the road and it’s probably going to cost you more that way.