Section 179 Tax Code
Did you know that, per Section 179 of the tax code, your business has the ability to write off or expense 100% of the cost of portable restroom trailer purchases up to $500,000, and then 50% of the remaining balance up to $2,000,000?
This opportunity allows you to acquire the equipment you need, while simultaneously benefiting from the tax write-off ! Also, regarding any remaining balance, you will most likely be able to write that off over the life of the equipment. This usually coincides with the length of the warranty, which is another win-win situation for your business.
Why is the government providing this motivation? This incentive was created to encourage and support small to medium-sized businesses in your growth and expansion.
For complete details regarding Section 179, please visit www.irs.gov, contact your accountant, or the IRS helpline at 800-829-4933