We’ve kicked off the shopping season with Black Friday, Small Business Saturday, and Cyber Monday deals.  You’ve planned out your holiday shopping, but what about shopping for your small business?

In most cases, if you run a profitable small business, accelerating your expenses for the end of the year will help to offset taxable revenue.  So if you know you need to make a purchase, pulling the trigger in December can be beneficial for your business.  

Here are 6 small business investments to consider before the new year:

Fixed Assets

Fixed asset expenses – you know, those big ticket investments that are intended to last a long time for your business – may be depreciated over time. However, for small businesses, the Section 179 deduction allows you to deduct more than the depreciated amount – up to $25,000 for 2015.  And, as an added bonus, Congress has raised the deduction limit significantly every year for the past decade or so.  For instance, last year, they extended the deduction limit to $500,000 – that’s a huge tax write off for your business! This typically happens at the last minute, so while there’s no guarantee the deduction limit will be raised this year, the odds are in your favor.

While you should consult with your tax advisor to plan the right strategy for taking fix asset deductions for your business, here are a few fixed assets to consider purchasing this year:

Equipment

Farm implements, wide format printers, manufacturing equipment – if you’re planning on investing in expensive equipment in the upcoming year, consider bumping your equipment purchase up to December.

Vehicles

Purchasing a company car?  Adding a truck or van to your fleet?  Get your purchase in before the end of the year to and keep more of your money when your tax bill for 2015 comes in 2016.

Property

Opening a new location? Expanding? Upgrading? Property purchased before January 1st is another fixed asset your business can deduct from your 2015 taxes.  

Operations

Not every small business can take advantage of Section 179 deductions for fixed assets in 2015, but even those smaller investments can add up to deductions.

Technology

Whether you’re planning on upgrading systems, investing in new financial software, or maybe even taking a stab at small business marketing automation in 2016, make your investment now in 2015.  Not only will it be another expense you can deduct, but getting your technology sorted out now means you can start the new year with a clean, streamlined slate to make 2016 the best year yet for your business.  

To give small business owners even more incentive to invest in sales and marketing technology before the year is out, Hatchbuck is offering 20% off when you sign up for annual billing of any of our plans by December 31st 2015.  If you’re even slightly considering upgrading your sales and marketing software, now is a great time to take a demo.  Check it out! 

Supplies

Printer paper, ink, post-its and paper clips…stock up now on the essentials that keep your business running smoothly in 2016.  Getting everything you need now means you won’t have to stop for an office supply run for a while, so you can concentrate on getting your year off to a good start.

Projects

Planning a rebrand in 2016?  Need to redesign your website? Digitizing all of your old files for easy access and less storage?  If you can tick a few of your 2016 projects off your list now before the year is out, you’ll be in a better spot when the new year starts – and can deduct the expense for 2015.

If you’re looking for more tax tips for your small business, Freshbooks has a whole section dedicated to tax help for small businesses on their blog. And, of course, always consult a tax expert to make the best bookkeeping and tax decisions for your business.

For profitable small businesses, it’s all about smart spending at the end of the year.  Consider making your small business investments now instead of waiting for the new year.  Not only will you benefit from the 2015 tax deductions, but – maybe even more importantly – you’ll be positioned to start 2016 off with a bang.