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Did you know Section 179 can finance your business vehicles and equipment? This specific tax code can also assist you in saving on taxes while boosting cash flow. As a small or medium business owner, you may have already heard of Section 179 of the IRS Tax Code. If you haven’t heard of it, Section 179 is a government tax incentive for purchasing business equipment and vehicles. This incentive is made specifically available to small and medium-sized businesses. That means that almost all types of business vehicles and equipment qualify for a 179 deduction.
Your truck does more than transport. With the right equipment, your service truck serves as a mobile workshop and your home base when out on jobs. Your truck can carry equipment, parts, and tools for jobs, such as restoration, electrical, general construction, HVAC,...