Why You Should Purchase Equipment Before Year End!

The new year will be here before you know it. Many business owners are beginning to realize they need to acquire new equipment before January 1^st to take advantage of Section 179 tax write-offs. Section 179 allows you to take an immediate deduction for business expenses such as equipment and lowers current-year tax liability instead of depreciating it over future tax years.

Now is the time to order the equipment you have been putting off until next year!  Adding capital equipment to your facility may be one of the best and smartest investments you can make before this year ends. Some of the many benefits include:

• Reduced equipment maintenance
• Improved shop safety and cleanliness
• Helps you meet compliance regulations
• Provides ongoing value
• Improved employee retention and satisfaction

As we approach the upcoming year, consider why now is a good time to purchase equipment. Read the two most important reasons why it makes sense:

1. SAVE ON YOUR TAXES

If you’ve been contemplating purchasing capital equipment, like a dust collector, or tube forming machinery, make the purchase before December 31st. The Internal Revenue Service has a provision for capital equipment and asset purchases referred to as Section 179.

Section 179 of the U.S. Internal Revenue Code (IRC) is an immediate expense deduction that business owners can take for purchases of depreciable business equipment rather than capitalizing and depreciating the asset over a period of time. This deduction can be taken if the piece of equipment is purchased or financed, and the full amount of the purchase price is eligible for the deduction^1.

SECTION 179 EXPLAINED 

• Allows businesses to take an immediate deduction for business expenses related to depreciable assets such as equipment
• Allows businesses to lower their current-year tax liability instead of capitalizing an asset and depreciating it over time in future tax years

2. IN-STOCK INVENTORY

At AM Industrial, our inventory is in stock and on our floor, allowing you to have your equipment fast! No waiting or long lead times as with other companies.

Before the year ends, consider investing in capital equipment for your business. Contact us today to discuss your tube machinery and dust collection needs.

**All businesses are different, please consult with your CPA.

• Section 179.org