The Section 179 deduction is one of the most important tax codes that businesses, your clients, need to know in 2021.

Under IRS Section 179, businesses can currently deduct the full cost of business assets placed into service in 2021 up to $1,050,000. In addition, businesses can take advantage of 100% bonus depreciation on both new and used assets after exceeding the Section 179 limit.

September 1st is the traditional start of 'leasing season' in the equipment finance industry. This is when businesses put their purchasing plans into high gear in order to maximize their tax savings.

With unprecedented demand in a number of equipment categories and the supply chain issues plaguing many manufacturers, businesses need to move on these plans quickly to ensure that they can find the equipment to purchase and have it delivered by the December 31st deadline.

Your clients will be purchasing equipment by the end of the year. If you aren't assisting them with financing, they will be calling your competitors.

SLIM Capital has a programs available to fund a variety of credit types, including startups. Reach out to me to get onboarded and take part in the busiest time of the year for equipment financing!