Yard Ramp Financing to Help Your Business
Optimize Your Workflow and Improve Your Tax Scenario
If cash on hand is a challenge for your business operations, we offer a yard ramp financing option, with attractive and reasonable terms.
Among the benefits that financing provides:
- You gain immediate use of a yard ramp, selected from our quality inventory and meeting your specifications and requirements.
- Greater flexibility and fewer restrictions than typical bank loans.
- With a payment plan, your ledger can better absorb the cost of a yard ramp over time. Keep more of your cash in house for working capital.
- Tax advantages (especially the Section 179 deduction): In most situations, you'll be able to deduct the full cost of a yard ramp as a business expense.
The process to qualify for and secure financing couldn't be easier.
The U.S. federal tax code includes the Section 179 deduction.
“Essentially, Section 180 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.”
Our understanding is that this includes financing your equipment. As we read the information: you must obtain the equipment and put it into service by the last day of the calendar year in order for the deduction to qualify.
This includes “property attached to your building that is not a structural component of the building (i.e.: a printing press, large manufacturing tools and equipment).” Which would apply to a yard ramp.
Even more good news: The IRS has increased the cap on the Section 179 deduction to $1,000,000 for 2018.
Also, you must use the equipment for business purposes more than 50% of the time. (So, bring the time using your yard ramp as a buffet table down to 49%, and you should be in pretty good shape.)
Note that we are quality yard ramp expert and definitely not tax experts or advisers. We strongly recommend you share this information with your CFO and/or accountant.
Still, we are keenly interested in helping you optimize both your business operations and your financial operations. And the Section 179 Deduction looks like an excellent tax incentive.
Click HERE for detailed information on the Section 179 Tax Deduction.