Section 179 of the IRS tax code allows businesses to write off the total purchase price of any qualifying equipment or software in the year it was purchased or financed. This deduction was designed to help small businesses invest in themselves and, in turn, boost the American economy. If you’re a small business owner considering leveraging Section 179 while buying new tech for your business, you could realize a lot more than tax savings.
New, innovative technology can revolutionize a business. From fostering innovation and growth to boosting efficiencies and reducing errors, the positive impacts seem endless. In this blog, we’re going to explore three main benefits: productivity, security and morale.
Boosted Productivity
The modern business day is no longer restricted to 9-5. Our social emphasis on work-life balance and recent world events have forced new and innovative ways to get business done. Technology has answered the call and is driving a transformation in how, where and when we work. Cloud-based software allows people to access files and applications anytime and anywhere with an internet connection. It’s no longer critical where people are physically located. Today’s technology provides the flexibility to allow teams to communicate and collaborate from home, from the office or from a doctor’s appointment. Employees with the right technology can:- Chat, share files and collaborate through virtual meetings
- Get more work done by doing it around their schedule
- Instantly connect with teammates and customers 24/7/365
- Strengthened Cybersecurity
Strengthened Cybersecurity
Cybercriminals love outdated technology. The weaker your security front, the easier it is for them to get inside your network. And given the rise of personal device usage and the increased frequency and sophistication of cyberthreats, business owners looking to protect themselves can’t be too careful. It’s never too late to identify and address potential vulnerabilities. You can hire a managed service provider to perform a cybersecurity assessment, or you can research tools online. Check out the Cybersecurity & Infrastructure Security Agency’s site for more information. In the meantime, consider these best practices:- Maintain antivirus, malware and firewalls
- Secure all laptops and mobile devices
- Implement advanced email filers
- Enable multifactor authentication (MFA)
- Regularly back up business-critical data





