Year-end tech tax cuts could improve business

The purpose of Section 179 of the IRS tax code is to stimulate the US economy and your business in a positive direction. Businesses no longer see technology as a cost. Instead, IT has become the key to your business success. Huge growth in IT budgets in 2022 is due to changes in business operations (how do we Do business), supporting an increasingly remote workforce, and increasing business revenue.

As security concerns increase, the need to upgrade outdated IT infrastructure is critical. IT projects are getting higher priority as we move into 2023. These factors should determine your year-end purchases as you plan to do more with less and maximize efficiency. This includes real estate, such as security cameras and surveillance systems, cell phones and telephone systems.

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