Save on software in 2019 with Section 179

November 19, 2019

section 179
What could be better than ending the year
by saving money on new software?

With 2020 just weeks away, it’s easy to become so distracted by year-end processing that you overlook an opportunity to increase your 2019 bottom line. If you make ERP software and equipment purchases before December 31st, the Section 179 Deduction is designed to help put money back in your pocket.

What is the Section 179 Deduction?
Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. That means that if you buy (or lease) a piece of qualifying equipment or software, you can deduct the purchase price from your gross income. It’s an incentive created to reward businesses who invest in themselves.

By opting to not use the deduction, companies have to amortize the write-off over the useful life of the purchased asset. However, using the Section 179 Deduction decreases your Federal Income Tax for 2019, saving your business money this year!

How much money?
It depends on what you claim, but the deduction limit stands at $1,000,000 for software investments made in 2019.

So, if you’re ready to improve your business with comprehensive Cloud or On-Premise ERP-ONE+ distribution software with tools like wireless warehousing, mobile applications, and supplemental E-Commerce, now is the time! Remember: purchases must be made by December 31, 2019.

Have questions? Visit the official Section 179 website and speak with your accountant or tax professional. Distribution One is also here to help! Contact us today at info@distone.com to take advantage of this beneficial tax deduction.

 

“Out of the gate, our first cost savings occurred in accounting. What was previously a full-time job went down to just 2 hours a day. This change alone saved us $40,000 in year-over-year labor costs.”

— General Manager, Empire Bolt & Screw
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Customers share their ROI achievements. Click each testimonial to read the full case study.

Empire Bolt logo

Empire Bolt & Screw

“Out of the gate, our first cost savings occurred in accounting. What was previously a full-time job went down to just 2 hours a day. This change alone saved us $40,000 in year-over-year labor costs.”

Patlin logo

Patlin Inc.

“Distribution One has allowed us to deliver 30% more orders without having to increase our labor force.”

Nut Place logo

The Nut Place

“ERP-ONE actually helps our business be more productive. We operate more efficiently because our software performs like a world-class product. And that’s not marketing hype. We trust in its reliability. It is one of the best decisions our company made.”

Colorado Industrial Packaging logo

Colorado Industrial Packaging

“ERP-ONE tracks product costs and sales margins for us… that benefit alone has added 4% to our bottom line after the first year of implementation and has more than paid for the cost of ERP-ONE.”

A-Jax logo

A-Jax Fasteners and Tools

“Enhanced productivity, lower operational costs, higher service levels, and stronger customer relationships—it’s all been attained through our ability to provide continuous real-time data generated through the myriad of programs within ERP-ONE.”

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VLC Distribution

“Having spent 30 years on the operations side of distribution using SAP and AS400 software, I have not encountered a better system than ERP-ONE. The efficiencies and expandability has allowed us to improve our sales by $500,000 per employee in a year.”

On Time Supply logo

On Time Supply

“We had immediate visibility into which sales representatives were performing and which product lines were providing the best return for our business.”

Cathy's Concepts logo

Cathy’s Concepts

“The ability to manage orders online has created greater efficiency in their business and has delivered more flexibility in modifying and tracking orders. Changes to an order instantly cascade all the way through the terminals and the processing stations cutting production time by at least 15%.”

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