Is your California laundromat in the market for new commercial laundry equipment? If so, Section 179 of the IRS tax code could make it beneficial to purchase your equipment before the end of the tax year. And of course, Golden State Laundry Systems stocks the very best Coin and On-Premises (OPL) commercial laundry equipment.
What is Section 179 and how does it work?
Section 179 of the IRS tax code is designed to make it more affordable for small businesses like yours to buy equipment for their business. Rather than requiring a business to depreciate its asset over a multi-year period, under Section 179 of the IRS tax code, US businesses are given the opportunity to deduct the full purchase price of qualifying equipment purchased during the tax year up to $510,000!
Equipment must be installed before January 1st to Qualify for 2017 deductions.In order to qualify for a Section 179 deduction, equipment must be purchased in place by midnight on December 31, 2017. So now is the time to consult with your CPA or tax professional to find out if Section 179 could help your business save.
Need Equipment Financing? We’ve Got You Covered!
When you work with Golden State Laundry Systems, you gain access to Laundrylux Funding Services (LFS) and Eastern Funding services. For competitive rates and a hassle-free service tailored specifically to the laundry industry, contact us.
Get in Touch With Golden State Laundry Systems
If you want to learn more about our expert laundromat solutions, get in touch with Golden State Laundry Systems. You can rely on us for all your laundry needs! Our experts can answer all your questions and help you every step of the way.
Share this Post