Vendors can offer a subsidy, allowing customers to purchase equipment at a reduced finance rate.
Why is offering a subsidy effective?
- It enhances cash flow for both the customer and the vendor.
- A financial subsidy can set a vendor apart from competitors.
- It fosters customer loyalty
Section 179 Allows a Business to Expense their Equipment Purchase
As of 2024, the Section 179 deduction limit is $1,160,000. This means that businesses can deduct the full cost of qualifying equipment and software purchased or financed during the tax year.
5 Benefits of Buying New Equipment For Your Business
The decision to upgrade or purchase new equipment is critical to the success of your company’s growth. Businesses can reach a point where they have reached a stalemate and must invest in their operations for them to expand and become more profitable in the future.
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