In many offices, a majority of the workload is now done via mobile devices. This means that mobile OS (operating system) updates have a larger impact on work productivity than they have in the past.
In 2013, the percentage of mobile internet traffic was just 16.2%. In 2019, it skyrocketed to 53.3%. This makes mobile devices one of the most important business technology tools for a Connecticut company.
Freelancing has risen dramatically over the last decade. There are currently 58 million freelance workers in the U.S. and by 2027 it is projected that freelancers will make up the majority of the workforce in the country. If you are working as a freelancer then you are most likely trying to keep any expenses to a minimum. You might have a few SaaS subscriptions and the cost of your business computer and peripherals but not a lot else.
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Technology purchases can be used for tax write-offs which effectively decreases the overall cost and means the payback time will be shorter.
The end of 2020 is approaching fast and many Connecticut business owners are working with their accountants to see what they can do in the last two months of the year to reduce their tax burden.
One of the best year-end strategies that you can implement is to upgrade your technology solutions. Both hardware and software purchases qualify for deductions on Form 4562, Section 179.