Saving a Bundle for Your Business
So, with nothing really happening in the world (tongue firmly planted in cheek) . . . we’ve reached that time of year when businesses traditionally pencil in or ink out a plan for the next calendar year.
If we told you that you could write off your purchase of new equipment, saving thousands of dollars, would you be interested?
Most businesses are very much interested. Here’s how it works:
Buy any qualifying equipment and place it into use by midnight on December 31, 2020, and you can deduct it for the year. That applies for purchases up to $1,400,000.
Simply put: Companies are always looking to increase revenue and decrease expenses. Section 179 most always provides a direct path toward reaching this goal.
We spotlight the Section 179 Deduction prominently throughout our site, offering three quality partner financing options for your consideration.
One of them, Crest Capital, describes a scenario in which, say, $50,000 in financing allows you to leverage the Section 179, leaving an extra $15,000 more in your company bank account than if you engaged in no financing. Have a look at their clear example HERE.
Naturally, the financing and the deduction are very attractive to businesses that can’t afford immediate expenditure. And it also applies to companies that can afford it, yet want to leverage the situation in order to have more cash on hand rolling into the following fiscal quarters.
Some advantages to financing include:
- You gain immediate use of a yard ramp from our quality inventory. 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 (i.e., the Section 179 deduction): In most situations, you’ll be able to deduct the full cost of a yard ramp as a business expense.
Whatever your situation, and whether that includes one of our quality new yard ramps or used forklift ramps, we encourage you to consider taking advantage of the Section 179 Deduction for your business.
