Remember that Section 179 of the Federal Tax Code will be expiring on December 31, 2012. So if you’ve been considering purchasing a CTP system or other equipment for your business this may be the year to do it as there is no indication that this will be extended in 2013.
Section 179 states that any business in 2012 that has less than $500,000 in taxable income can write off 100% of their new or used equipment purchase with Commercial Finance Agreements.
