Tax Benefits of Financing Embroidery Equipment from Hirsch Solutions

Are you thinking about financing embroidery equipment for your business? Many businesses aren't aware of how they can use Section 179 to gain tax benefits when financing equipment from Hirsch Solutions.

Section 179 allows businesses to deduct the full purchase price of qualifying equipment bought or financed within the tax year. This can offer you significant tax relief!

Ready to Finance Embroidery Equipment?

Ready to finance embroidery equipment? Grow your business quickly by financing your next embroidery machine with Beacon Funding. With a simple one-page application, you can start the process of adding an embroidery machine from Hirsch Solutions and ensure you have enough time to qualify for Section 179 tax savings.

In this article…

1. Importance of Understanding Tax Benefits When Financing Equipment
2. Why Section 179 Matters
3. What is Section 179?
4. Requirements for Section 179 Deductions
5. Benefits of Financing Embroidery Equipment from Hirsch Solutions
6. Calculating Your Tax Savings
7. Be Sure to Consult with a Tax Professional Before Financing

Importance of Understanding Tax Benefits When Financing Equipment

Financing business equipment is a smart move that can help your business grow without straining your finances. One of the smartest ways to keep more money in your pocket when financing embroidery equipment from Hirsch Solutions is by utilizing Section 179.

Why Section 179 Matters

Section 179 allows businesses to deduct the full purchase price of qualifying equipment bought or financed within the tax year. This means you can get significant tax relief right away, rather than depreciating your equipment over several years.

Want to know how much you can deduct this year with Section 179? Check out the deduction limit for 2025!

Preserve Cash Flow and Stay Competitive

By taking advantage of Section 179, your business can maintain better cash flow while still investing in needed embroidery equipment. This can help you stay ahead of the competition and ensure that you have the resources you need to invest in other areas of your business.

Consult with a Tax Expert Before Financing Equipment!

Always consult with your CPA or tax advisor to understand how Section 179 can benefit your specific situation. They can help you ensure you’re making the most out of any tax-related opportunities.

What is Section 179?

Section 179 of the IRS tax code can be a valuable tool for businesses looking to conserve more money when they finance embroidery equipment from Hirsch Solutions. Instead of spreading out the deduction for equipment depreciation over several years, Section 179 allows businesses to deduct 100% of the equipment’s depreciation in the year it was financed and put to use.

Listen to Beacon Funding’s podcast to learn even more details about Section 179 and how it applies to you.

How Section 179 Benefits Your Business

This immediate deduction means substantial tax relief, enabling you to preserve cash flow and reinvest your money into other areas of your business.

For example: If your business finances embroidery equipment worth $50,000 from Hirsch Solutions, you can deduct the full amount under Section 179 in the first year. Assuming a tax rate of 30%, this deduction would result in $15,000 in tax benefits*!

* Always consult with your CPA or tax advisor to understand the specific benefits for your situation and ensure you're maximizing your tax savings.

See how much you could deduct by using a Section 179 calculator.

Requirements for Section 179 Deductions

There are a few conditions you must meet to qualify for Section 179:

1.     Equipment must be purchased and in use by December 31st

It's important to start the process early. Acquiring the embroidery equipment you desire may take time, so make sure it's operational before the end of the year. Avoid the risk of delays in availability, construction, or delivery.

2.     Eligible Equipment

Both new and used equipment are eligible. Always consult your CPA to confirm that the embroidery equipment you plan to finance qualifies for the Section 179 deduction.

3.     Equipment must be used for business purposes at least 50% of the time

Ensure that your embroidery equipment is operational before the deadline. Remember, you need to have the equipment in your possession and use it before December 31st.

The earlier you obtain your equipment, the better the chance to leverage this tax benefit and retain cash within your business.

Benefits of Financing Embroidery Equipment from Hirsch Solutions

Immediate Deduction of Equipment Costs Under Section 179

One of the primary benefits of financing embroidery equipment is the immediate deduction of costs under Section 179. This deduction allows businesses to reduce their taxable income significantly, leading to substantial tax savings.

Preserve Cash Flow by Spreading Payments Over Time

Financing equipment enables your business to spread the cost over time, allowing you to preserve your cash flow for other needs.

Calculating Your Tax Savings

To help you estimate your potential tax savings, Beacon Funding offers a Section 179 calculator. Here's how you can use it:

1. Visit beaconfunding.com/section179 to access Beacon Funding’s Section 179 calculator.
2. Enter the total cost of the embroidery equipment you want to finance.
3. Review your calculated Section 179 tax savings!

Questions About Financing Embroidery Equipment?

Contact John Wesolowski at 847.897.2486 to learn more about fast and easy embroidery equipment financing.

Be Sure to Consult with a Tax Professional Before Financing

To maximize your tax benefits, consult with a tax professional before financing your embroidery equipment. Their expertise will help you navigate the tax code and ensure you optimize your savings and investments.