Time is running out! Find out what an equipment purchase could mean for your business this tax year.
With less than 60 days left in 2017, we wanted to remind you of the Section 179 Deduction and bonus tax depreciation on equipment purchased before the end of the year. Your business can receive up to a $500,000 tax deduction on equipment purchases made in 2017. Additionally, take advantage of 50% bonus depreciation (for acquisitions of new equipment only) after the $500,000 cap is reached. Purchases must be made by December 31st to qualify for the 2017 tax year.
The Section 179 Deduction and Bonus Depreciation has a real impact on your business. Here is an example calculation of the deduction:
We currently have: dozers, excavators, motor graders, articulated trucks, loaders, scrapers & scraper pans, water trucks, trenchers, pipelayers, 4x4 & 6x6 off-road trucks, flatbed tractors (morooka type), and more ready to work!
As the end of 2017 draws near, we are excited for things to come in 2018. WRS & WMPD deeply appreciate the partnership we have with your business!
Let us know what equipment you are in the market for as 2017 comes to an end. We are proud to offer well maintained new and used earthmoving and pipeline equipment.
This information is intended for informational purposes only. Customers should always consult legal counsel, their accountant, or tax advisor before making a decision.