The team at ISI wanted to pass along the following information:
Beginning in 2018, the new tax law allows many businesses to write off the full cost of security systems (Access Control Video Management, Locks etc) and Fire Protection and Alarm Systems as an expense for the tax year they were placed in service, eliminating the capitalization requirement.
Please see the attached document and we hope this can be of value to you and your organizations. As always, if we can assist in any way, please do not hesitate to reach out.
Guide to New Tax Incentives for Security and Fire Protection Systems
Sincerely,
David M. Cullen
President/CEO
ISI – Intelligence Security International, Inc.