Write off your enter photo studio! - 360Booth Blog

Write off your entire photo studio!

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Write off your entire photo studio!

Take advantage of the tax breaks on your financed purchases!
Many business owners are unaware that the acquisition of equipment under a $1 purchase option lease or Equipment Finance Agreement (EFA) qualifies for the tax break provided under Section 179 of the Internal Revenue Code. Subject to limitations, Section 179 allows taxpayers to take an outright deduction equal to the full purchase price of qualifying equipment purchased during the tax year, and a $1 purchase option lease or EFA is considered a purchase under the Internal Revenue Code.  So you could write off the enter amount of your new photo studio this year!  


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