Savings, Courtesy the Government
Even though there may not be a Santa Clause, sometimes the taxman comes bearing presents.
First, as a leading dealer for the top manufacturers of yard ramps in the United States, we’re positioned to pass significant savings to our customers on new ramps. We’ve positioned our used inventory across the country, resulting in reduced delivery times and shipping costs. Add to that our valuable time-saving turnkey delivery and installation services for when your ramp arrives.
With The Yard Ramp Guy you are beginning your search with competitive pricing, a time-honored distribution system, and off-loading/installation service.
And so to that present from the taxman. With a month left in the calendar year, this may well be the perfect opportunity to invest in equipment for your business operations.
We introduce you to Section 179 of the U.S. tax code. Granted, the tax code can be a complicated thing, and yet the Section 179 Deduction is surprisingly straightforward. From their website:
“Essentially, Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. That means that if you buy (or lease) a piece of qualifying equipment, you can deduct the FULL PURCHASE PRICE from your gross income. It’s an incentive created by the U.S. government to encourage businesses to buy equipment and invest in themselves.”
Time was when we could only write off a percentage of business investment per year, which depreciated over time. Not bad, though not optimal.
Optimal is “exactly what Section 179 does – it allows your business to write off the entire purchase price of qualifying equipment for the current tax year. This has made a big difference for many companies (and the economy in general.) Businesses have used Section 179 to purchase needed equipment right now, instead of waiting.”
Most small businesses can write off the whole cost of qualifying equipment from their 2019 tax returns (up to $1,000,000). Naturally, there are conditions. For example, the equipment must be bought or financed (we offer such financing) and put into service by December 31, 2019.
(We’re The Yard Ramp Guy, not the Section 179 Guy. Please consult your tax expert to confirm that you qualify.)
It really is an optimal situation: purchasing a yard ramp with the Section 179 deduction both helps streamline your business and reduces your taxes. Everybody wins.
The Yard Ramp Guy wishes our customers, vendors, colleagues, and friends a very happy, safe Thanksgiving weekend.
This week, our man McCoy Fields learns about quality ramps the hard way. And he also describes a hat trick of a broken arm in a way that fascinates without making the story seem like the horror film it probably was.
Click HERE to read McCoy's disarming story.