CMS Funding Blog

Equipment leasing can be a beneficial financing tool for small businesses in a wide range of industries. Here are five reasons you should consider leasing instead of buying your next major equipment purchase.

Understanding equipment depreciation can help you decide how to finance your company’s next major purchase. This knowledge applies to all kinds of businesses such as construction companies, medical offices, restaurants, or other types of businesses requiring hard assets. For some, financing a purchase may be the best option. For others, you may prefer equipment leasing. Find out everything you need to know about equipment depreciation, so you can make the best decision for your company.

Are you a business seeking to purchase or lease new furniture, technologies, machinery, or other equipment? If so, there is an incentive for you under Section 179. The tax benefit under Section 179 allows immediate tax deductions for qualified purchases. Specifically, the Tax Cuts and Jobs Act of 2017 allows businesses to make individual deductions of up to $1,000,000 for asset purchases capped at $2,500,000.

Are you aware that your business is eligible to receive tax deductions on equipment leased or purchased?

Under the Section 179 tax code, businesses receive an increased tax deduction based on the purchase or finance of qualifying business equipment.