Are You Taking Advantage of Section 179 for 2016 Tax Year?

Section 179 Tax Deductions Have Been Extended for 2016

A major part of any business strategy is making the right investment choices to position your company for long term success; including choosing the right equipment, software, or partnership to push your business in the right direction. However, one of the toughest obstacles facing businesses is finding the capital to pay for that investment.

Congress granted business owners an extension of the Section 179 Tax Deduction late last year, making business owners rush to take full advantage of the deductions for the 2015 tax year. But there is still time to take full advantage of this deduction for 2016 tax year.

Consult with your own tax and financial advisors to review and assess the factors that may apply to your business and tax situation. 

With the announcement, business owners can take advantage of purchasing equipment and/or software and deduct the full purchase price of financed or leased equipment and software that qualifies, for the current tax year. The equipment or software must be within the specific dollar limits.

What is the Section 179 Tax Deduction?

The Section 179 Tax Deduction of the IRS Tax Code allows a business to deduct, for the current tax year, the full purchase price of financed or leased equipment and off-the-shelf software that qualifies for the deduction.

Major expenses typically are required to be depreciated over a term of years to account for what is known as the "useful life of the purchase" as dictated by the IRS. However, with the Section 179 tax deduction, business owners can elect to immediately expense the full purchase price of the equipment or software.

For example, if you purchase equipment for $50,000, you would typically write it off a little at a time through depreciation. Such as, $10,000 per year for say five years. However, most businesses would prefer to write off the entire equipment purchase price for the year they purchased it. This makes it more attractive to purchase more equipment when needed, instead of carrying over the purchase amount minus depreciation. 

What Purchases qualify for Section 179 Deductions?

If you're interested in taking advantage of the tax deductions this year, take a look at some of the purchases that would qualify for the Section 179 deductions: 

Most tangible personal property for business use, such as:

When Can You Elect to Use the Section 179 Deduction?

You are eligible to take advantage of the Section 179 tax deduction for the tax year in which you placed the purchase(s) in service. For example, if you were to purchase a HP PageWide XL 8000 Printer and place the equipment into service by December 31, 2016, then you would be able to take advantage of the Section 179 deduction when you file your 2016 tax return.

To better understand Section 179 for 2016, visit

Need help selecting the right investment for your business?

Your Repro Products Business Development Manager can help you determine a technology investment strategy which will give your business a competitive advantage. Simply visit Repro Products, email or call 770.434.3050 to begin maximizing your write-offs today.

For More Information and Section 179 References:

See below for more helpful articles with expert information on Section 179, and be sure to speak with your financial and tax professional about what impacts these deductions can have on your business.

3D Laser Scanning Market Expected to Make Huge Jump by the Year 2022

According to a recent market research study conducted by Market Reports Hub, the 3D Scanner market size is expected to grow, in terms of value, from $3.41 Billion in 2015 to $5.90 Billion by 2022 at a compound annual growth rate (CAGR) of 9.6% between the same time period. 

View complete report on 3D Scanner Market here:

The largest gain in popularity can be attributed to portable CMM-based 3D scanners because of the convenience and wealth of possibilities they afford for scanning tight spaces with a high rate of accuracy when applied to conventional and non-conventional scan jobs. Portable CMM-based scanners are categorized into handheld and articulated arm CMM. Expected to grow at the highest rate in the portable CMM category are the handheld 3D scanners. 

What is 3D Laser Scanning?

3D Laser Scanning is the process of collecting data points of physical objects using a line of laser light and transforming them into point clouds of data from the surface of said object. The scanner emits the laser light over its full field of view. When the laser light touches an object it then reflects back the light towards the scanner, sending the scanner x-y-z coordinates and information about every surrounding point allowing for a three-dimensional cloud of points to be gathered. 

This point cloud information can be saved and rendered in various design softwares, allowing for the creation of 2D CAD renderings, and the x-y-z coordinates allow for the creation of a 3D model. 3D scanners can improve the time of production operations, while reducing costs and redundancy of projects, allowing for less time needed for project timelines and meeting deadlines which results in a more efficient and cost-effective project for every stakeholder involved. 

Why Use 3D Laser Scanning?

There are a number of practical real-world applications for 3D Laser Scanning as it pertains to the AEC industry. 3D Laser Scanning services allow for improved Building Information Modeling (BIM) solutions, such as procuring As-Built information for better communication, eliminating the need for manual field measurements, and shortening of project lifecycles. 

The cost of scanning services has decreased to now be competitive with manual measurement methods, thanks largely to the advancements in hardware and software solutions. Cost along with the increasing number of analytical options available thru 3D Laser Scanning is making it an increasingly attractive option to conduct detailed surveying of building structures. 

Interested in 3D Laser Scanning Services? Click here to learn more about the 3D Laser Scanning services we offer.

Tutorial Tuesday: What's New in AutoCAD Architecture 2017

In this Tutorial Tuesday, we highlight the newest additions and updates to the 2017 version of AutoCAD® Architecture. This presentation is presented by our Lead AEC Applications Engineer, Dzan Ta. 

First, Dzan walks you through the new features and enhancements of the software with an in-depth presentation highlighting the most important features and how they will affect you - the end-user. Dzan then takes you on a step-by-by tutorial of how these new features look in the software, providing you with real world application of what to expect and how to apply it to your design projects. 

Click the video below to view:

Did you enjoy the presentation and software walkthrough? Want to download a PDF copy of the presentation for later use? Click here to download: What's New in AutoCAD® Architecture 2017: Presentation

Related: Tutorial Tuesday: What's New in AutoCAD 2017

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Training Program Options

Repro Products is an Autodesk Authorized Training Center (ATC). We offer a number of courses for every design discipline for the AEC industry. Please see below to select a training course that best matches your needs. 

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We also frequently offer free tutorials and how-to videos on our YouTube Channel. Click here to subscribe to the Repro Products' YouTube Channel.