Blue Fox Group Helps SMBs Use IRC Section 179 to Benefit from Significant Tax Deduction on New Technology

The Blue Fox Media Press
The Blue Fox Media Press
Blue Fox Group Helps SMBs Use IRC Section 179 to Benefit from Significant Tax Deduction on New Technology

Scottsdale, AZ – November 7, 2018 – Blue Fox Group, a leading managed technology services provider, announced today that the company is helping customers take advantage of a large tax-break for small to mid-sized businesses with Internal Revenue Code (IRC) Section 179. Section 179 of the IRS tax code allows businesses to deduct the purchase price of qualifying equipment and/or software purchased or leased during the tax year. Essentially, it’s an incentive created by the U.S. government to encourage businesses to buy new equipment such as technology and invest in their companies.

Learn more from a local tax account on how to use Section 179 and how it works: https://www.youtube.com/watch?v=qZAtg9loPhs&feature=youtu.be 

This program provides a means for business owners to access much-needed savings on major purchases of technology equipment, software or business phone systems. The Section 179 Tax Deduction limit on qualifying business equipment is $1 million, which is up $500,000 from last year. The phase-out threshold on qualifying equipment purchases is $2.5 million, up $1 million from 2017. While every transaction is different and tax professionals should be consulted on specific situations, the potential rewards of this program have nudged many business owners to invest in the technology they need to gain a competitive advantage for 2019. Many business owners have installed new technology as a result of this addition to the tax code because recent breakthroughs are enabling businesses to collaborate better, faster and more efficiently with one another.

“We were stunned to find out that so many of our customers are not taking advantage of Section 179,” stated Mike Lindsley, Owner of Blue Fox Group. “The first step is to select your equipment/technology, make sure it qualifies for Section 179, and purchase or lease the equipment and put it into service by December 31, 2018. At Blue Fox Group, we help our customers every step of the way. Our goal is to bring our customers technology that not only enhances their productivity but more importantly increases their bottom-line. That approach has contributed largely to our success over the years and we plan on continuing to serve our customers in a proactive manner for years to come.” 

If you are interested in having a conversation on how to leverage this tax credit to upgrade and improve the way you use technology, start a conversation and we will help you get the answers you need.

ABOUT BLUE FOX GROUP

Blue Fox Group, a nationwide innovative provider of IT, phone, security and cabling systems, designs and delivers to businesses reliable, proactive and comprehensive IT solutions that simplify their technology stack, streamline operations, and enable growing businesses to focus on what matters most—running their organizations. Offering advanced technology know-how, the Blue Fox Group teams brings innovative IT, workspace, cloud performance and hybrid solutions that help businesses simplify and leverage technology to meet specific objectives.

Blue Fox Group is a member of the Technology Assurance Group (TAG) which allows us to offer exclusive programs, benefits and cost savings to our customers unmatched by non-TAG members. Blue Fox Group is also an authorized dealer on the products we provide. This means our technicians have multiple certifications and our staff is professionally trained to provide the highest in customer support. As technology continues to grow and change it is important that we provide a human touch to the people and organizations we do business with. Blue Fox Group understands and respects the value of our relationships, that's why we have been actively involved in supporting our community through charitable events and service initiatives. We look forward to serving you. To learn more about our products, services, and support please contact Blue Fox Group at 480-941-8280.

 

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