Section 179 Tax Write-Offs Equals Big Savings For You!

FBG Section 179 Blog designer491

Don’t leave money on the table! Take advantage of the 2016 IRS Section 179 deduction which applies to qualifying new and used office furniture and service that is financed or purchased, by December 31, 2016.

Furniture by George can help you meet your deduction allowance and build your dream office. We have two expansive showrooms and a large warehouse, giving you over 15,000 square feet of options to browse through to find the perfect new or used items for your business. Our friendly staff and in-house designer can guide you through the process. We are conveniently located in Tampa Bay and we can deliver throughout Central Florida, along the Gulf Coast, and beyond.

In addition to our great selection and affordable prices, we offer financing, delivery, and assembly of new and used furniture and décor, including work stations, cubicles, desks, chairs, filing cabinets, and reception furniture, so that you have everything you want in place to qualify for this deduction. Our service team can even help rearrange your current office to accommodate your new purchases.

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Overview of what you need to know about the Section 179:

Your CPA can best discuss an appropriate equipment plan and utilize calculators to determine how to maximize your benefits. In 2016, the Section 179 deduction limit is $500,000 and this applies to qualifying new and used furniture. Curious about what doesn’t qualify? Check out the list here

There is a “Small Business Tax Incentive” with the 2016 Spending Cap being $2,000,000. This is the maximum amount that can be spent on equipment before the tax section benefit begins to be reduced on a dollar for dollar basis. There is a 50% Bonus Deprecation in 2016 after the 2016 Spending Cap is reached for qualifying NEW equipment only.

Stop by Furniture by George six days a week and experience the best selection of new and used office furniture and pricing. We also specialize in design, reconfigurations, moves, liquidations, service and repair, brokering, financing and leasing! Schedule a personal tour at our Tampa Bay Global Showroom or our Clearwater Showroom to discover what furniture suits your exact needs.

Happy Holidays FBG

Your friendly and reliable team at Furniture by George always puts our customers first. Our team sincerely thanks you for your continued service over these amazing years. We are sincerely grateful and wish you and your family a very Happy Holidays!

Have any questions? Call us at 727-561-0325. Stop by Monday through Saturday at: 10975 49th St. N., Clearwater, FL 33762.