Section 179 is Back and Better for 2016

Sec179Congress has approved much needed improvements in Section 179 which allows companies, like yours, the ability to completely deduct the purchase cost of equipment the first year it is put into service. The new limits are:

Maximum 179 Deduction for 2016: $500,000

This means for qualifying equipment purchases of up to $500,000, your company can deduct 100% of the purchase price from its taxes the very first year it is put into service.

Further, this maximum will be increased annually, with the maximum tied to inflation, at $10,000 increments.

Bonus Depreciation; Maximum Qualifying Purchases: $2,000,000

Once you exceed the maximum deduction of $500,000, bonus depreciation kicks in at 50%, until you reach the maximum qualifying purchases of $2,000,000. For example, if you spend $1,000, ooo on new equipment, you can fully deduct the first $500,000, then deduct 50% of the remaining $500,000 for a total tax deduction the first year of $750,000.  It then begins to phase out dollar for dollar until you reach $2,500,000, where it is then completely eliminated.

Bonus Depreciation will be extended through 2019. Businesses of all sizes will be able to depreciate 50 percent of the cost of equipment acquired and put in service during 2015, 2016 and 2017. Then bonus depreciation will phase down to 40 percent in 2018 and 30 percent in 2019.

Note: The section 179 deduction applies to NEW and USED equipment whereas the bonus depreciation is only available for NEW equipment.

What that means to the purchase price of a NEW, $30,000 forklift? Assuming your company is in the 35% tax bracket, your effective cost, after deducting the entire $30,000 from your taxes, is only $19,500!

With Section 179 in effect for the remainder of 2015 and all of 2016, and beyond, there’s never been a better time to invest in new forklifts for your facility.

Note: We always suggest you consult your accountant or tax professional before you utilize section 179 for tax savings. Not all companies are structured the same and your savings may vary.

To learn more about Section 179, please visit; www.section179.org. Visit our New Linde Forklifts, New CLARK Forklifts, New UniCarriers Forklifts and Used inventory to see our models. Then Contact Us for a quote, or give us a call at 866-393-9833.


OSHA’s 2015 Top Ten Citations Announced

osha logoThe Occupational Safety and Health Administration (OSHA) announced the preliminary Top 10 most frequently cited workplace safety violations for fiscal year 2015. Patrick Kapust, deputy director of OSHA’s Directorate of Enforcement Programs, presented the Top 10 on the Expo floor as part of the 2015 NSC Congress & Expo, the world’s largest gathering of safety professionals.

“In injury prevention, we go where the data tell us to go,” said National Safety Council President and CEO Deborah A.P. Hersman. “The OSHA Top 10 list is a roadmap that identifies the hazards you want to avoid on the journey to safety excellence.”

The Top 10 for FY 2015* are:

  1. Fall Protection (1926.501) – 6,721
  2. Hazard Communication (1910.1200) – 5,192
  3. Scaffolding (1926.451) – 4,295
  4. Respiratory Protection (1910.134) – 3,305
  5. Lockout/Tagout (1910.147) – 3,002
  6. Powered Industrial Trucks (1910.178) – 2,760
  7. Ladders (1926.1053) – 2,489
  8. Electrical – Wiring Methods (1910.305) – 2,404
  9. Machine Guarding (1910.212) – 2,295
  10. Electrical – General Requirements (1910.303) – 1,973

As you can see, forklifts and lift equipment is high on OSHA’s lists of citations. One way to avoid citations pertaining to your forklift fleet is to ensure you’re following OSHA’s regulations regarding powered industrial trucks (lift trucks), that your fleet is being properly and regularly maintained and that your forklift operators have received adequate training, and that the training is up-to-date.

If you’re unsure of your fleet’s condition or your operator’s training status, contact us at 866-393-9833 and we will help you ensure you do not end up on OSHA’s list of citations!


Tri-Lift Receives Gold-Level Aftermarket Award from UniCarriers

Tri-Lift AEP Gold LogoTri-Lift NC, Inc. is proud to announce that we have been awarded the “Gold Level” Award for aftermarket excellence by UniCarriers Americas for 2014.

UniCarriers Americas dealerships that participate in the Aftermarket Excellence Program strive to achieve challenging performance standards across eight categories. Among them are:

  • Business Planning
  • Employee Competency
  • Customer Satisfaction.

As a result, dealerships become more successful by providing their customers with:

  • Skilled Technical Service
  • More Efficient Work Order Processing and Billing
  • Higher Overall Quality Products and Services.

UniCarriers Americas introduced its Aftermarket Excellence Program in 2014, replacing the Service Excellence Program Advertisement that was established in 1995. With AEP, program requirements are even more challenging. The program incorporates comprehensive parts metrics, giving dealers the tools to create a foundation on which to build a solid aftermarket offering and strong parts and service teams.

This award is indicative of the level of employees Tri-Lift hires, combined with the training we provide, to give our customers the very best experience every time they contact us for material handling equipment, service, rentals, parts or forklift operator training. We are all very proud to have received this recognition by UniCarriers America.

UniCarriers Service Award 2015From Left: Kim Newnam-Service Administrator, Don Caviness-Corporate Service Manager,

Kelly Jones-Corporate Service Coordinator, Candace Brown-Service Administrator


Welcome to Our New Full-Service Facility in Charlotte North Carolina

Charlotte Branch - smSince 1968, Tri-Lift NC, has served the Carolinas and now we are proud to announce that our full-service material handling facility in Charlotte is now open and ready for business!

Our 18,000 square-foot, state-of-the-art facility is located close to Douglas International Airport, with easy access to I-77 and I-85. This strategic location is significant in that it gives us a permanent presence in Charlotte and allows us to service our South Carolina clients and sourthern North Carolina customers from this facility.

In additions to representing Linde Material Handling forklifts, CLARK forklifts and UniCarriers forklifts from this facility, it also boasts a full-stocked parts department staffed by trained, experienced forklift parts personnel.

Our new facility’s forklift service department touts factory trained and certified forklift technicians as well as fully equipped service vans for full-service mobile forklift service and repair.

To meet your forklift and material handling rental needs, we have a large forklift rental fleet ready to go, including access to our entire company’s rental fleet with numerous long-term rental and short-term rental programs to meet your needs.

You can find us at 2421 Executive Street, Charlotte, NC 28208. Give our highly-trained, customer-focused branch personnel a call at 800-929-0561.