Navtrak penned press today highlighting a little known IRS tax deduction rule for technology purchases up to $112K.
Specifically, IRS Section 179 allows a sole proprietor, partnership or corporation to fully expense tangible property in the year it is purchased. And tax-law changes over the past few years have made this option much more appealing by dramatically increasing the amount that can be written off immediately (up to $112,000).
While written for any technology purchase deduction, Navtrak crafted additional language to support a mobile workforce management and tracking application package offering to SMBs. Shout outs to John Page.