You’re busy now, but the end of the year is fast approaching. That means it’s time to start thinking about year-end purchases and incentives. Starting 2017 off fresh can significantly reduce downtime and maintenance costs. Here are a couple things you should know as you start your year-end planning:
Section 179 Tax Depreciation
The House and Senate passed and signed a bill that expanded the Section 179 deduction limit to $500,000 at the end of 2015. That means that, in 2016, businesses exceeding a total of $2 million worth of qualifying equipment purchases have the deduction phase-out dollar-for-dollar. What does that mean for you? Contact your accounting CPA or tax professional. For access to the 2016 Section 179 Tax Deduction Calculator, click here.
Distributor Network/Used Inventory
Elliott’s global distributor network maintains a vast inventory of new and used equipment to help you satisfy your end of year needs. Elliott’s global network is made up of independent distributors that manage the sale, service, and support of Elliott’s product lines, both new and used. To find a distributor near you, visit our distributor locator.