On December 18th, the “Protecting Americans from Tax Hikes Act of 2015” (PATH Act) was signed into law. This officially makes two significant changes to section 179, which was set to expire on 12/31/15. First, it significantly expands the Section 179 deduction limit from $25,000 to $500,000. The second significant change is that it makes the increases both permanent and retroactive for 2015. This means that businesses of all sizes can deduct the full cost of new or used equipment and software in the year it was purchased, resulting in significant tax savings! (click here to read more)
Now may be the perfect time to upgrade that aging phone system. Phone equipment and software purchases qualify for 2015 or 2016 section 179 deductions. Contact us (970-795-1000) to learn how you can reduce your monthly phone expenses while earning a significant tax savings. Also, ask how our financing options can help your business create positive near-term cash flow.
About Firefly VoIP
Firefly VoIP is a leading telecom company located in Fort Collins, CO at the base of the majestic Rocky Mountains. Firefly Telecom offers business phone systems and other VoIP services such as hosted PBX, SIP Trunking, voice products from Avaya and internet services. With multiple locations, strategic partnerships and years of experience in the telecom industry, Firefly VoIP has the ability to service commercial and residential customers in Northern Colorado, Metro Denver and Southern Wyoming. Whether you have 2 employees or 200, we’ve got you covered. Learn more about us by visiting us at http://rmsmallbusiness.com/fireflyvoip.com