The end of the year means it’s time to start thinking about taxes. In the United States, the IRS Tax Code Section 179 will allow the deduction of equipment and software purchases by businesses of up to $1 million in 2018. Essentially, it will allow restaurants to deduct the entire cost of a new point of sale system or other equipment upgrades. It could also potentially increase your cash reserves.
Upgrading or replacing your POS may be a decision you have been putting off for a while.
You’ve spent a lot of time with your POS. It’s easy to think in terms of problems and gaps—but an important step in evaluating POS systems is to clearly detail not only what you want to change, but also the capabilities and qualities you can’t live without.