Claim First-Year Deductions on all equipment up to $1 million before 2020
Take advantage of Section 179 of IRS tax code for 2019!
There is still time to take advantage of Section 179 of the IRS tax code by purchasing restaurant equipment – exhaust hood systems, walk-in refrigeration, conveyor dishwashers, heavy-duty slicers, dough mixers, convection ovens, high-efficiency gas fryers, etc. If you are planning to move your foodservice operation into a higher tax bracket for 2020, now is the opportunity to purchase all restaurant equipment before the end of the tax year for a huge break.
Now business owners do not have to wait to buy all the equipment they need. For most small businesses, the entire cost of equipment can be written off on the 2019 tax return, if it is eligible. All eligible items include new and used equipment purchased for business use.
In 2019, restaurants, food trucks, catering operations and others (schools, hospitals, convenience stores, etc.) can take a first-year deduction of up to $1 million worth of equipment purchases. Click here to view the tax deduction calculator.
Instead of spreading the tax deduction over multiple years, foodservice operations can deduct the equipment value from the company’s 2019 profits. Now is a great time to get the equipment you need before the end of this year! Start shopping today!
Call our sales team to receive a personalized build-out or renovation quote at 404-752-6715 (ext. 2). For all information on Section 179 deductions, please visit section179.org