Leading MTSP Reminds Business Owners to Reinvest Before December 31st
ITG is alerting local businesses about Internal Revenue Code (IRC) 179 and the deductions it provides for any organization looking to reinvest before the end of the calendar year in 2021. Business owners can take advantage of the Section 179 deduction, which allows them to deduct up to $1,050,000 on qualifying business equipment, such as technology and computer software, if they purchase or finance this new equipment and put it into service before December 31, 2021. The deduction remains effective until a company reaches $2.62 million in purchases for the year.
The federal government designed this program to stimulate the economy by enabling business owners to accelerate their depreciation rate. Instead of being required to depreciate their capital expenditures over five years, they can depreciate their entire investment all at once, potentially leading to significant tax savings.
“While we specialize in equipping our customers with technology infrastructure that is highly customizable and scalable, we believe it’s important to inform them about Section 179. When we learned that some of our customers were either unaware of or not utilizing this program, we felt compelled to educate them on its benefits. The only reason for any company to invest in new technology is if it increases profitability and provides a competitive advantage. Section 179 presents a tremendous opportunity to achieve both while leveraging deductions provided by the IRS,” stated Mark Lasinis, CIO/VP of Technology at Imagine Technology Group.
ABOUT IMAGINE TECHNOLOGY GROUP
Imagine Technology Group (ITG) is an Arizona-owned and operated company offering our customers a single point of contact for all their office technology needs. ITG provides a diverse range of document management solutions, workflow improvements, multi-function devices, VoIP phone systems, digital signage, managed network services, and IT solutions. Through our manufacturers’ national programs, we can deliver service and support anywhere in the world. Our goal is to be our customers’ “ONE SOURCE” for any office technology solution they may require. With top-notch customer service provided by well-trained employees, ITG manages your technology so you do not have to. To learn more about our products, services, and support, please contact ITG at 602-454-0720 or visit www.itgarizona.com.














