What are the tax benefits of buying equipment?
Owning equipment has many benefits when it's time to file taxes. Some states allow you to depreciate equipment completely if bought within a certain period. This helps if you're profitable. Other states allow you to depreciate equipment over time. If done properly, this can help you turn a difficult tax year into a new direct-to-garment or embroidery machine. Talk with an accountant to get the full list of tax benefits.