steve pierson

Section 179 of the IRS tax code has been around for decades, and it can be an effective strategy for lowering your tax liability year to year. In this program, find out what the deduction limit is for the 2022 tax year, and learn the nuances of Bonus Depreciation and how it differs from Section 179.

Using these tools comes with rules, and it can get confusing – that’s why we’re talking to tax expert, Steve Pierson, shareholder/partner at Selden Fox accounting firm in Oak Brook, Illinois. He’s been educating equipment dealers for decades ... and was a featured panelist at IEDA’s 2022 Annual Meeting last February.

Section 179 has great implications for an independent dealer’s rental fleet, and it can be a great incentive to drive year-end sales this month. Do your customers know that the equipment they buy from you is tax deductible? Learn what’s new, what kind of equipment qualifies, and how to take advantage of this small business tax benefit.

 

Selden Fox: https://www.seldenfox.com/our-people/steven-pierson/

LinkedIn: https://www.linkedin.com/company/selden-fox-ltd-/about/

Visit IEDA: https://www.iedagroup.com/

 

Produced by: https://socialchameleon.us/

 

Thursday, September 15th, 2022

 

Steve Pierson is the host of the How We Win podcast. He’s an activist, community organizer, and trainer, who started as a “class of 2016” volunteer. He’s currently an elected California Democratic Party Delegate and chairs their Organizing Committee. We discuss the nitty gritty of Get Out the Vote, phone banking, and a whole host of other boots on the ground politics as we head toward the midterms.

 

According to a recent NBC poll, threats against democracy are perceived to be the number one issue facing voters. Help fight for our democracy! Before the midterms, check your voter registration status, be an influencer in your circle about voting, and–if possible–volunteer to knock on doors. And finally: VOTE on election day!

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Credits: 

Host: Mila Atmos 

Guest: Steve Pierson

Executive Producer: Mila Atmos

Producers: Zack Travis and Sara Burningham