Don't wait until the last minute to do your tax planning. Inventory conditions are creating longer lag times. Plan ahead! Get pre-qualified so when you do find a piece of equipment you need, you can make your purchase.
When you finance your equipment purchase you can deduct the full amount of that purchase without paying the full amount in that year.
The tax savings when compared to the payment total are usually in your favor. A monthly payment is far more affordable than a lump sum tax bill. In addition, the revenue producing asset you are financing will do just that, bring in additional revenues.
Now is the time to consult your tax professional about qualifying depreciation deductions and consider financing your year-end equipment purchases.