HIGHLIGHTSMastercam 2021 helps streamline your entire process, from job setup to job [...]
News Alert: Section 179 Increased to One Million for 2019
Jan 4, 2019 – is one million dollars for 2019, as stated in H.R.1, aka, The Tax Cuts and Jobs Act.The deduction limit for is $1,000,000 for 2019 and beyond, while the limit on equipment purchases remains at $2.5 million.
Further, the bonus depreciation is 100% and has been made retroactive to 9/27/2017. It is good through 2022. The bonus depreciation also now includes used equipment.
See fully updated 2019 to see how this tax deduction affects your company.
The good news is that Mastercam, Verisurf, Octopuz, and CIMCO all qualify as software solutions under this provision!
In short, this tax code allows businesses to deduct the full purchase price of qualifying software/equipment purchased or financed during the year. You can deduct the full price of the software/equipment from your gross income whether if you pay in cash or if you finance/lease!
Leverage the ability to invest more heavily in your business to grow faster in 2018 and beyond. We encourage you to discuss the opportunity in detail with your accountant but here is a quick overview.
For more details about Section 179 visit .
Talk to an expert about a software and training solution to meet your needs. Take advantage of this opportunity to invest in your company.
Or click this link to request a call.
Our Recent Blog Posts
Using the engraving toolpath in Mastercam gives you added flexibility to be [...]
Don't Lose Your Valuable CAD/CAM Investment! With the upcoming release of Mastercam [...]
Get a Sneak Peak at New FeaturesMachining Chamfer Holes Based on Width [...]