Two US Congressional acts passed late last year (The Tax Relief Act of 2010 and The Jobs Act of 2010) affect Section 179 of the IRS tax code in a positive way!
This change allows businesses to deduct the full purchase price of qualifying equipment (including office furniture) and software purchased or financed during the tax year. that means that if a business buys (or leases) a peice of qualifying equipment, they can deduct the full purchase price from their gross income.
Visit our tools section for an informative data sheet discussing Section 170 at a Glance!