Posted on January 14, 2011
Posture and IRIS software qualify for IRS Section 179 Deduction which allows a 100% deduction in the year purchased, versus a multi-year depreciation.
*What is the Section 179 Deduction??
Most people think the Section 179 deduction is some arcane or complicated tax code. It really isn't, as the following will show you.
Essentially, Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. That means that if you buy (or lease) a piece of qualifying equipment, you can deduct the FULL PURCHASE PRICE from your gross income. It's an incentive created by the U.S. Government to encourage businesses to buy equipment and invest in themselves.
Take a look at Posture Pro and IRIS (fully integrates with Posture Pro) at www.posturepro.com