SOURCE: ADS Solutions

ADS Solutions

June 21, 2012 12:17 ET

ADS Solutions Reminds Small Business Owners to Take Advantage of Tax Code Section 179 Before It Expires

NOVATO, CA--(Marketwire - Jun 21, 2012) - Section 179 is part of the IRS tax code which makes it easier for small businesses to invest in themselves by receiving sizable tax breaks on purchases like machinery, office equipment and qualified business software, better positioning them for future growth. The problem? These tax incentives are not widely understood, and, they expire on 12/31/12.

The key to Section 179's short-lived benefit is that for this year only, small businesses can write-off the entire purchase price of qualifying equipment and software in one year, rather than adhering to typical 5-7 year depreciation schedules. The government's objective for offering this money-saving benefit is to stimulate the U.S. economy -- and in particular, small businesses -- to grow. Thousands of small business owners are taking action on Section 179 right now, because in its current form, renewal is unexpected. But millions more are unfamiliar with Section 179. Given the fact that the purchasing cycle for sophisticated business software often exceeds six months, and software needs to be installed by 12/31/12 to qualify, business owners and CIOs need to move forward with their software selection now if they want to take advantage of this temporary tax incentive.

Section 179 can benefit all types of small businesses, but businesses that utilize sophisticated ERP software, including inventory software, stock control software, warehouse management systems, and in general, any off-the-shelf software that has not been significantly modified, which performs functions required to run their businesses, stand to benefit tremendously. Given the rate of technological obsolescence, the declining appeal of aging systems, and the powerful new features that are available in newer software, business owners would be foolish to dismiss Section 179 and not take full advantage of the government's helping hand. Section 179 is like manna from heaven.

Section 179 does have its limitations, and ADS Solutions encourages companies to visit the IRS website and consult their tax advisors for details. To learn more about Section 179, see specific examples of its power, and in particular, learn how it can benefit businesses like wholesale distributors, visit ADS Solutions' website at

For more information, contact: Ann Grace, ADS Solutions,

Contact Information