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.
At SpeedLine, we are blessed with loyal customers—restaurant operators who have used our software and services for a decade or more. But they are constantly bombarded with marketing messages from competing point of sale companies.
Over time, the tried and true can start to look tired next to the shiny, new promises from other vendors. So they start to question: “What am I missing?” And eventually, some of them give in to the lure of the new and make a switch.