The 2017 passage of the Tax Cuts and Jobs Act provides a new incentive for businesses to invest in building improvements and purchase new equipment. The new tax law, H.R.1., has expanded the scope of Section 179. This is the part of the tax code that allows businesses, in some cases, to deduct the entire expense for equipment placed in service that year instead of taking much smaller deductions for depreciation over many years. This expanded tax deduction encourages companies to continue investing in their businesses and places additional items under Section 179.
As of 2018, companies received a new incentive for investing in their alarm and fire protection systems. They can now deduct the full cost of investing in these systems in the same year they are placed into service up to $1 million. This deduction does not begin to phase out until the business has reached $2.5 million in qualifying purchases.
If your current fire alarm and/or security systems are getting old or are causing problems for you and your tenants with false alarms, this may be the perfect time to plan to upgrade your system this year or next.*
AFA Protective Systems, Inc. Can Identify the Fire Alarm System You Need
At AFA Protective Systems, we are a full-service provider for all your life safety and fire alarm system needs. We provide UL listed and FM approved central station monitoring. Our skilled technicians provide testing, inspections and repairs 24 hours a day. We offer equipment from industry leading manufacturers, and we can work with electrical contractors and engineering professionals to ensure that your building has the appropriate system properly installed.
The fire alarm and security systems AFA installs are designed meet national, state and local codes. We can work with you and your local AHJ to ensure that your fire alarm system design is proper for your property, whether you are renovating an old building or building a new one.
AFA Protective Systems, Inc. For Your Full-Service Fire Alarm Needs
With the Section 179 deduction, there has never been a better time to invest in your life safety and fire protection system. We welcome the opportunity to help you find the best and most cost-effective solution to your fire alarm needs.
AFA is a recognized leader in the field of life safety systems and fire alarm services. Contact us to learn more about the new tax deduction and possible savings available to you for investing in your fire alarm system now.
*The information on Section 179 depreciation described herein is for informational purposes only and does not constitute accounting or tax advice. Persons receiving information through this mailing should not act or rely upon this information without consulting their own accountants or tax advisors.