Year-End Tech & Tax Tips For Smart Small Businesses
Successful small business owners are constantly balancing the need to invest in new productivity-enhancing technology with the impact on their bottom lines.
But between now and the end of the year, with the help of two unrelated economic factors — increased IRS Section 179 deductions and the growing importance of “Black Friday” and “Cyber Monday” — the decision to purchase that new high-speed color printer, multimedia projector, high-speed document scanner or virtually any other tech product, may just be a little easier.
A change in the 2008 Federal Tax Code has resulted in historically high allowable write-offs of tangible property; property that generally includes that much needed printer, scanner or digital projector.
Black Friday and Cyber Monday, the Friday and Monday immediately following Thanksgiving (this year November 28 and December 1), signal the kick-off by consumer electronic and office product retailers of their most aggressive marketing programs of the year.
The combination of these two factors may result in small businesses being able to purchase new digital products at the very best prices of the year.
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