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AUTHOR: Anna Liza Montenegro

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Why use Section 179 tax savings for your software purchases?

Section 179 is an attractive tax deduction for small and medium businesses. An increasingly popular use of the Section 179 deduction is for software. When you buy software or equipment for business uses, you can get tax deductions for buying and using them.

Section 179 Tax Deductions for 2018

This year, the Section 179 limit has been increased to $1,000,000! Last year the limit was at $500,000.  With this tax update, many potential buyers are now very excited for the savings increase and ready to acquire new software and equipment to help grow their business.

How Much Can I Save on My Taxes This Year?

It depends on how much qualifying equipment and software you purchase and put into use this year. To show you your expected tax savings, you can check this link to a Section 179 Calculator.

When Do I Have to Do This By?

Section 179 always expires at midnight, December 31st. So to take advantage of Section 179 this year, you must buy (or lease/finance) your equipment, and put it into use, by December 31st of this year.

To enable you to leverage an affordable payment option, you can also use a Lease Finance option. To find out more, click here.

How do I use the Section 179?

To elect to take the Section 179 Deduction, simply fill out Part 1 of IRS form 4562, available for download at Section179.org.

If you do not feel comfortable completing the form yourself, your tax preparer can easily take care of form 4562 for you. Your tax preparer may also be able to advise you of additional Section 179 Deduction and Bonus Depreciation savings that may be available to you.

If you’d like to take advantage of Section 179 before the end of the year and purchase your software now, contact your Microsol Resources Account Executive or email us at info@microsolresources.com.

 

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Why work with an Autodesk Platinum Partner?

We’re here to help you get the most out of your Autodesk and technology investments. As an Autodesk Platinum Partner, Microsol Resources has achieved the highest level in the Autodesk Partner Program and can offer complete Autodesk software solutions and offer proven technical expertise.

To qualify for Autodesk Platinum Partner status, Microsol Resources demonstrated technical and industry expertise that includes a strong knowledge of customers’ business needs. We deliver integrated solutions that help customers design, simulate and analyze their ideas, increase operational efficiencies and maximize their return on investment in Autodesk software solutions.

“We are delighted to be able to partner with Autodesk to offer their software solutions to our clients in the architecture and engineering industry”, said Emilio Krausz, President of Microsol Resources.

This dedication of Microsol Resources to matching business needs with products and support is one of many reasons that the company has received numerous recent accolades such as Autodesk’s Partner of the Year in 2014 and exceptional rankings in customer satisfaction.

Autodesk Platinum Partner

As a team, we are passionate about helping customers improve their productivity and overall business processes. To not only assist you, but enable you to gain a competitive advantage as you stay updated with the most recent technologies.

Want to improve your project workflows? Who’s your technology partner? How can we help you? Contact us.

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The value of BIM for connecting design insights

Building Information Modeling (BIM) is an intelligent model-based design process, providing a critical foundation to help designers, builders and owners gain a competitive advantage with the enhanced ability to access, share and use enormous amounts of information throughout the lifecycle of buildings and infrastructure.

Dodge Data and Analytics has recently performed a research focusing on using BIM processes to create more well-reasoned designs and the ability to then analyze design options to determine the best solution; including analysis of building performances starting in the conceptual stage, comparing options not only to each other but also against industry benchmarks, and leveraging computational design algorithms to shed light on the impact of specific choices.

You can watch this video as Stephen Jones, Product Specialist at Dodge Data and Analytics, discusses how design professionals are achieving the “best possible”, as opposed to the “best practical” design solutions by leveraging:

  • BIM
  • Computational Design
  • Generative Design
  • Reality Capture

To download the SmartMarket Report on Connecting Design Insights, click here.

Dodge Data and Analytics
Connecting Design Insight
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