A premier finance company, KLC Financial, Inc. was founded in 1987. Headquartered in Minnetonka, MN, we lease and finance capital equipment and assets for businesses nationwide. KLC Financial is built on strong relationships with our customers, vendors and bank partners. Our mission is to bring advantageous equipment finance solutions to our clients with integrity, depth of knowledge and speed. This is achieved through our ongoing vision to bring expertly constructed flexible financing solutions that accurately meet the needs of business owners. We believe this is accomplished through valuable advice, creativity and the tenacity to get to “yes”.
Section 179 allows companies to deduct the full purchase price of qualifying equipment or software that was financed or purchased and placed into service during the tax year. This means that if you bought or leased qualifying equipment in 2018, you are able to deduct the full purchase price from your gross income. In addition, you may also qualify for bonus depreciation. Section 179 was created to provide tax relief for small businesses, although larger businesses can also benefit from this tax code.
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