Enhanced for 2018
Over the years, we’ve worked diligently with our customers in all aspects of new and used loading dock purchases and rentals, along with our Cash-Back Program, which we created to help companies unload their no-longer-needed inventory.
We pride ourselves, too, with our Turnkey Delivery and Installation Services, literally doing the heavy lifting to help our customers transport, position, and install their new (or used, or rental) equipment into position smoothly, safely, and efficiently.
Our work most definitely does not stop at the bay or truck door.
In fact, our work begins before you even contact us. That’s why we’ve made it easy for qualified customers to finance a loading dock purchase.
Businesses can readily find a number of advantages to financing equipment. First of all, financing eases the dent in cash flow by spreading out payments over a period of months.
Beyond that, your tax burden is eased when April 15th approaches. The U.S. government’s Section 179 Deduction is an attractive incentive for busineses to finance in a smart, strategic manner that actually reduces your financial liability for the year.
The IRS has increased that deduction to $1 million for fiscal year 2018. It “allows your business to write off the entire purchase price of qualifying equipment for the current tax year.”
We’re The Yard Ramp Guy, not The Tax Deduction Guy. So, we certainly recommend running everything by your CFO or accountant. That said, our read of the rules and regulations looks very good for those looking to finance our equipment. As the Section179.org site states:
“This deduction is good on new and used equipment, as well as off-the-shelf software. To take the deduction for tax year 2018, the equipment must be financed or purchased and put into service between January 1, 2018 and the end of the day on December 31, 2018.”
Qualifying equipment includes “Property attached to your building that is not a structural component of the building” along with a listing of other materials goods that are not loading docks. (See HERE for their presentation.)
As in: combining all that equipment, up to $1 million, could help put a substantial amount of capital back into your company’s coffers.
More than ever, now is a great time to make that loading dock purchase.
