Section 179

2020 has been an unpredictable year, to say the least, but you know what hasn't changed? The fact that you can still rely on a handy piece of IRS tax code to save on gear before the end of the year. That's right, we're here to talk about Section 179. When planning out the scope of your studio for 2021, studio owners can take advantage of Section 179 to make large purchases before the end of December and deduct the price of their new gear from their 2020 gross income. You may be thinking, "I got into studios to avoid hard math," but Section 179 really isn't as complicated as you may think. In fact, it's actually quite simple and the savings can have a drastic effect on your bottom line. Let's dive into talking about Section 179. Continue reading →

Another year is almost in the books, and if you're considering adding to your studio at the end of 2019, Vintage King Audio can help save you money. Thanks to a helpful piece of IRS tax code, studio owners making large purchases before the end of December can deduct the price of their new gear from their 2019 gross income. This tax code is known as Section 179. Many assume that it's a complicated piece of literature, but it's actually really simple. Let's break it down. Continue reading →