The JLP Group team has been in the industry since 1999, providing competitive financing programs to business owners in need of funds with personal attention and fast turnaround time for vendors. We have built strong relationships with our equipment manufacturers and distributors. No matter what your company size is, we can customize the best programs for our customers and help sell more products quickly and get paid immediately so that you can move on to the next customer.
JLP Group Inc is an expertise in several markets, here are a few
Your customers can take advantage of IRS Section 179!
The deduction limit for Section 179 is now $1,000,000. The 2018 Section 179 Deduction threshold for total amount of equipment that can be purchased is now $2,500,000. Most new and used equipment, including some software, qualifies for the Section 179 Deduction.
100% bonus depreciation for 2018 new and used equipment allowed
Under Modified Accelerated Cost Recovery System (MACRS) Bonus Depreciation has increased first-year depreciation deduction to 100% (vs. 50%) of the adjusted gross basis of qualified property. This goes into effect for assets placed in service after September 27, 2017 and before January 1, 2023. Another significant change under the new tax law is the ability to use the bonus depreciation for purchases of new or used property. Under prior law, you could only use bonus depreciation for new property.
When applying these provisions, Section 179 is generally taken first, followed by Bonus Depreciation