The Section 179 Trap: Why Tax Breaks Shouldn't Drive Your Equipment Purchases, Ep #32
When Section 179 and bonus depreciation come back into play, it's easy to get swept up in the excitement of "saving on taxes." Every year around this time, I start hearing from shop owners who are ready to buy a new machine before the end of Q4—sometimes for the right reasons, but often for the wrong ones. Don't get me wrong, I love a good deduction as much as anyone. But if you wouldn't buy that equipment without the tax break, you probably shouldn't buy it because of it.
In this episode of Buy the Numbers, I sit down with my good friend Ty Willis from Verdant Commercial Capital to talk…
The skinny
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