Posted: February 27, 2017 | Author: Barry | Filed under: Information and News, news, Regulatory, Uncategorized | Tags: charlotte, forklifts, greensboro, Lift Truck Tax Incentives, new forklift, new lift truck, north carolina, raleigh, Section 179, Tax Incentives |
Jan 1, 2017 – Section 179 is still affected by the “Protecting Americans from Tax Hikes Act of 2015” (PATH Act) that was signed into law on 12/18/2015. This bill expanded the Section 179 deduction limit to $500,000, where it will remain for all of 2017. For those interested, you may read the summary from the Ways and Means committee here.
Section 179 Deduction: Until further notice, Section 179 will be permanent at the $500,000 level. Businesses exceeding a total of $2 million of purchases in qualifying equipment have the Section 179 deduction phase-out dollar-for-dollar and completely eliminated above $2.5 million. Additionally, the Section 179 cap will be indexed to inflation in $10,000 increments in future years.
50% 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.
IMPORTANT THIS YEAR: Section 179 for Current 2017 Tax Year
Section 179 can provide you with significant tax relief for this 2017 tax year, but equipment and software must be financed and in place by midnight December 31, 2017. Use this 2017 Section 179 Calculator to see how much the Section 179 tax deduction can save your company.
2016 Section 179 Tax Information (Last Year)
The PATH ACT passed in December of 2015 affected 2016 and beyond, making the Section 179 deduction for 2016 $500,000. In addition, the 50% Bonus Depreciation was reinstated.
Click Here for the fully updated Section 179 Calculator for tax year 2016 (Last Year).
Answers to the Three Most Common Section 179 Questions
How Much Can I Save on My Taxes in 2017?
It depends on the amount of qualifying equipment and software that you purchase and put into use. See the handy Section 179 Calculator that’s fully updated for 2017, and includes any/all increases from any future legislation.
What Sort of Equipment Qualifies in 2017?
Most tangible business equipment qualifies. Click here for qualifying property.
When Do I Have to Do This By?
Section 179 for 2017 expires midnight, 12/31/2017. If you wish to deduct the full price of your equipment from your 2017 taxes and take advantage of the new higher deduction limits, it must be purchased and put into service by then.
Many businesses are finding Section 179 Qualified Financing to be an attractive option in 2017, especially since the expected Federal Discount Rate increases don’t leave much time for action. Please apply today.
More Section 179 Deduction Questions Answered
Welcome to Section179.Org, your definitive resource for all things Section 179. We’ve brought together a large amount of information regarding Section 179, and clearly and honestly discuss the various aspects of IRS §179 in plain language. This will allow you to make the best possible financial decisions for your company.
Section 179 can be extremely profitable to you, so it is to your benefit to learn as much as possible. To begin, you may have a lot of questions regarding Section 179 such as:
We’ll answer all of these questions, and make certain that you come away with all of the knowledge you need to make smart business decisions in this 2017 tax year regarding equipment and/or software purchasing and Section 179.
Why? Because if you’ve been thinking about buying or leasing new equipment and/or software, it’s definitely to your advantage to use this excellent tax break.
Successful businesses take advantage of legal tax incentives to help lower their operating costs. The Section 179 Deduction is a tax incentive that is easy to use, and gives businesses an incentive to invest in themselves by adding capital equipment. In short, taking advantage of the Section 179 Deduction will help your business keep more capital, while also getting needed equipment, vehicles, and software.
Free Tools that Make Calculating Section 179 Deductions Simple
Section 179 is really very simple. You buy, finance or lease qualifying equipment and/or software, and then take a full tax deduction on it this year (also, there are a few other things, which we’ll go over, but in a nutshell, that’s the idea). To give you an estimate of how much money you can save, here’s a Section 179 Deduction Calculator to make computing Section 179 deductions simple.
If you use the calculator, take note of the savings on your tax obligation. Many people find that, if they lease or finance their Section 179 qualified equipment, the tax savings actually exceed the first year’s payments on the equipment (making buying equipment profitable for the current tax year). This is perfectly legal, and a good example of the incentive that Section 179 provides small and medium businesses.
Visit our website to learn more about our line-up of new material handling equipment, including:
Tri-Lift NC, Inc. is your source for quality material handling equipment, service, parts and rentals. Visit our website to learn more. Then contact us for a quote at 866-393-9833.
Posted: November 28, 2016 | Author: Barry | Filed under: Forklift Safety, news, Regulatory, Uncategorized | Tags: employee safety, Forklift Lockout, forklift operator safety, forklift safety, OSHA Citations 2016, OSHA Violations 2016 |
Every October, the Department of Labor’s Occupational Safety and Health Administration releases a preliminary list of the 10 most frequently cited safety and health violations for the fiscal year, compiled from nearly 32,000 inspections of workplaces by federal OSHA staff.
One remarkable thing about the list is that it rarely changes. Year after year, OSHA inspectors see thousands of the same on-the-job hazards, any one of which could result in a fatality or severe injury.
More than 4,500 workers are killed on the job every year, and approximately 3 million are injured, despite the fact that by law, employers are responsible for providing safe and healthful workplaces for their workers. If all employers simply corrected the top 10 hazards, we are confident the number of deaths, amputations and hospitalizations would drastically decline.
Consider this list a starting point for workplace safety:
- Fall protection
- Hazard communication
- Respiratory protection
- Powered industrial trucks
- Machine guarding
- Electrical wiring
- Electrical, general requirements
It’s no coincidence that falls are among the leading causes of worker deaths, particularly in construction, and OSHA’s top 10 list features lack of fall protection as well as ladder and scaffold safety issues. We know how to protect workers from falls, and have an ongoing campaign to inform employers and workers about these measures.
OSHA says far too many workers are killed or gruesomely injured when machinery starts up suddenly while being repaired, or hands and fingers are exposed to moving parts. Lockout/tagout and machine guarding (including lift trucks) violations are often the culprit here. Proper lockout/tagout procedures ensure that machines are powered off and can’t be turned on while someone is working on them. And installing guards to keep hands, feet and other appendages away from moving machinery prevents amputations and worse.
The high number of fatalities associated with forklifts, and high number of violations for powered industrial truck safety, tell us that many workers are not being properly trained to safely drive these kinds of potentially hazardous equipment.
Rounding out the top 10 list are violations related to electrical safety, an area where the dangers are well-known.
Their list of top violations is far from comprehensive. OSHA regulations cover a wide range of hazards, all of which imperil worker health and safety. They urge employers to go beyond the minimal requirements to create a culture of safety at work, which has been shown to reduce costs, raise productivity and improve morale. To help them, OSHA has released new recommendations for creating a safety and health program at their workplaces.
OSHA has many additional resources, including a wealth of information on their website and their free and confidential On-site Consultation Program. But tackling the most common hazards is a good place to start saving workers’ lives and limbs
Posted: September 28, 2016 | Author: Barry | Filed under: Information and News, Uncategorized | Tags: Charlotte News, Clark forklift, Greensboro News, material handling news, Tri-Lift NC Inc. |
Tri-Lift, CLARK, and some of our biggest suppliers are getting together, and we invite you to stop by, put your hands on CLARK equipment, see our facilities, learn more about us and let us learn a little more about you and your material handling operation. These open houses will include:
- CLARK Material Handling’s Complete Product Line
- Valvoline’s Show Car
- Information on Upcoming Tri-Lift NC, Inc. Safety Events
- Consultation and Information on Forklift Tire Technology by Mitco
- BHS Demonstrations on Safe & Efficient Battery Handling
- Local Tri-Lift and CLARK Staff Meet and Greet
- Food, Door Prizes and Give Aways Including: Cam Newton Autographed Footballs, Remote Control Forklifts and a NASCAR
Experience valued at over $200!
Our business is all about partnerships and relationships. The more we know about each other, the better and stronger our partnership becomes. So stop by, get to know us, and let us get to know you.
Mon., Tue. Oct. 10 & 11
11 a.m. to 4 p.m.
2905 Manufacturers Rd.
Greensboro, NC 27406
Thur., Fri. Oct 13 & 14
11 a.m. to 4 p.m.
2421 Executive St.
Charlotte, NC 28208
Posted: June 14, 2016 | Author: Barry | Filed under: Employee Safety, Forklift Safety, Uncategorized | Tags: charlotte, Columbia, Forklift Operator Training, forklift safety, Forklift Safety Day, Forklift Safety Day 2016, greensboro, Grennville, north carolina, raleigh, South Carolina |
The day is here and companies all around the country are taking time today to bring awareness to the dangers presented by forklifts. We’ve been promoting what you can do to celebrate Forklift Safety Day, and today, our flagship line, CLARK Material Handling is having a celebration at their Lexington, KY headquarters. Below is a summary of the festivities.
Lexington, KY (June 3, 2016) – CLARK Material Handling Company, underscoring its commitment to the safe use of forklifts and importance of operator training, is hosting a community-wide forklift safety awareness event at its Lexington campus on Tuesday, June 14, 2016, in support of the third annual National Forklift Safety Day. The program will run from 11:30AM to 1:30PM and is open to the public. CLARK is located at 700 Enterprise Drive in Lexington, KY at the intersection of New Circle Road and Old Frankfort Pike.
A full schedule of events planned to endorse and promote National Forklift Safety Day include:
- An open house including plant tours at 11:30AM and 12:30PM
- Special Flag Raising Ceremony at 12:00 noon, in honor of Flag Day
- “Lift Truck Rodeo” competition and safety demonstrations
- A display of aftermarket safety products
- The premiere of the new CLARK video, “Forklift Safety: Pre-Shift Inspection”
- Local media coverage including a live radio remote by 98.1 FM ‘The Bull’, WBUL
- Free lunch – prepared by Smokin’ Jax Grill
- Door prizes
In addition to the activities in Lexington, CLARK executives will participate in the Industrial Truck Association (ITA) National Forklift Safety Day events taking place June 14 in Washington, D.C.
“It is vitally important to emphasize the safe use of forklifts and proper operator training,” stated Dennis Lawrence, President and CEO of CLARK. “Forklift safety is not just a one day per year focus. At CLARK, forklift safety is our top priority every day. We are proud to join with the ITA and our fellow forklift manufacturers to raise awareness about the safe use of forklifts and the continual need for operator training.”
In further support of forklift safety, CLARK is offering customer discounts on select safety products purchased during June, 2016. Additionally, CLARK is conducting a lift truck operator instructor training certification course for a number of area companies.
National Forklift Safety Day, sponsored by the Industrial Truck Association, serves as a focal point for manufacturers to highlight the safe use of forklifts and the importance of operator training. This day provides an opportunity for the industry to educate customers, policymakers and the administration on forklift operating safety practices.
Tri-Lift NC, Inc. is your source for quality new forklifts, forklift service, parts, rentals and Forklift operator training. Contact us 866-393-9833 to inquire about any of our products or services.
Posted: June 6, 2016 | Author: Barry | Filed under: Equipment, Information and News, Management, Regulatory, Uncategorized | Tags: charlotte, Columbia, greensboro, Greenville, High Capacity Forklift, New Aerial Lift, New Boom Lift, New CLARK Forklift, New Cushion Forklift, New Diesel Forklift, New Electric Forklift, new forklift, new forklifts, New Hoist Forklift, New IC Forklift, New Lift Trucks, New Linde Forklift, New Pneumatic Forklift, New Scissor Lift, New UniCarriers Forklift, north carolina, raleigh, South Carolina |
Tri-Lift NC, Inc. has the new forklifts to meet near any application. From serve our customers from our convenient locations in Greensboro, Raleigh, Charlotte North Carolina and Columbia and Greenville South Carolina. Whether you need a single light-duty new forklift or a fleet of heavy-duty, high-capacity forklifts that work three shifts a day, we have the forklift you need. No other dealer in North or South Carolina provides the variety of forklifts and options to meet so many diverse applications. Our line-up includes:
- Linde Forklifts, CLARK Forklifts, Hoist Forklifts and UniCarriers Forklifts
- LP Forklifts, Electric Forklifts, Diesel Forklifts and Gas Forklifts
- Forklifts in Capacities as high as 125,000lbs!
- New light-duty forklifts and heavy-duty forlifts that are built to operate three shifts a day!
- Electric Forklifts Built to Work Outside Under Nearly any Condition
- Forklifts for Rigging and Machinery Moving
- Boom Lifts and Scissor Lifts
- Electric Pallet Jacks, Stackers, Walkie Riders and Much More
As you can see, our selection of new forklifts is second to none. We represent the finest forklift brands, with the models and options that you need. We select our brands based on historical performance, variety and reliability. And this variety and line-up has led to several awards for selling new forklifts, including Linde’s “Palmetto Award”, as well as expanded territories from CLARK and UniCarriers. Manufacturers understand that Tri-Lift NC, Inc. knows you, our customer, the industries you serve and how to work with you to get the right equipment for your operation.
Posted: May 27, 2016 | Author: Barry | Filed under: Employee Safety, Forklift Safety, Information and News, Uncategorized | Tags: charlotte, employee health, employee safety, forklift operator safety, forklift operator safety training, forklift safety, Forklift Safety Day 2016, greensboro, raleigh |
The Industrial Truck Association has announced it’s second annual Forklift Safety Day, to be held June Tuesday, June 14. There are things you can do to take advantage of this day to help create awareness about the dangers that forklifts present and how to minimize the potential for accidents that can result in injury or death, damage to your facility, equipment and financial losses. We’ve compiled a short list of things you can do on June 9th to improve safety on and around your forklifts.
- Make sure all your forklift operators have been trained and that their refresher training is up to date, if applicable or necessary.
- Take time to teach your forklift operators the importance of daily inspections of their forklifts. Daily inspections reduce the risk of equipment failure and catch small problems before they blossom into giant ones. You can download daily forklift inspection sheets for both IC forklifts and electric forklifts.
- Download and post our free forklift safety posters for:
- Pedestrian Notification
- Notice that Forklifts are in Operation
- That Only Trained Employees May Operate Forklifts
- Take some time to gather any staff that operates around forklifts, but not on them, to refresh them about the dangers of this equipment and how to be sure to use safe procedures when they are in an area of your facility where forklifts are being operated.
- Make sure all your forklift’s maintenance is up to date. If you have a Planned Maintenance Agreement, this would be a good time to review it with your service provider to ensure all standard checkpoints as well as unique equipment attachments are being inspected and maintained properly.
- Review any unique “site specific” features your facility may have and be sure your operators are aware of proper handling of equipment while on or around these features (ramps, areas where floors can be slick, floor substrates that vary etc…)
- Make sure that training is part of your company’s orientation for anyone that will or MIGHT operate a forklift. Remember, employees that have not been properly trained aren’t even allowed to sit on and start a forklift, much less move it out of the way of anything.
- Make sure you forklifts have proper safety equipment and that it’s operating properly. Lights, horns, back-up alarms, seat belts, fire extinguishers etc… Improve pedestrian safety, check out our Blue Spot Safety Light by Linde.
- Make sure you have lock-out kits to ensure that forklifts that do not pass an inspection are locked out immediately until repairs are made.
- Review all your forklifts for possible replacement. Old forklifts, or those that are getting “up there” in hours, might be potential threats. Review safety records and maintenance logs for your equipment. You might find this could be a good time to replace some or even all of your forklifts.-
Our goal is to help you operate safe, efficient and productive forklift equipment. To discuss forklift safety, operator training –or to get a quote on new equipment, please give us a call at 866-393-9833.
Posted: May 3, 2016 | Author: Barry | Filed under: eNewsletters, Uncategorized | Tags: Charlotte News, forklift news, Forklift Safety News, Greensboro News, material handling news, Raleigh News, Tri-Lift NC Inc. |
April’s enewsletter has been published. Has the bleeding of jobs halted? We earn another award, industry news, product specials and more!
Click here to read our April Issue.
Click here to sign up for future issues.
Posted: May 3, 2016 | Author: Barry | Filed under: Equipment, Uncategorized | Tags: Baoli Forklifts, charlotte, greensboro, KION, Linde Material Handling, new forklift, new lift truck, north carolina, raleigh |
Tri-Lift NC, Inc, as a distributor of Linde products, welcomes Kion Group’s (Linde’s parent company) the Baoli forklift line to our product line-up.
Baoli is a world-wide company with over 700 employees and sales on every continent! Kion acquired Baoli in 2009 and has begun rolling out their products to US distributors in 2016.
From it’s 1.3 million square foot plant, Baoli produces a full-line of material handling equipment from electric pallet jacks to 20,000lb diesel forkifts and has over 260 distributors in more than 80 countries!
The first product to hit our market is the KBG25/35. It comes in 5,000lb and 7,000lb capacities with pneumatic tires. The KBG features a Nissan IMPCO K25 engine, Bolzoni side shifter and suspension seat. Click here to see the remaining standard equipment and options for the KBG.
Kion is expected to continue to roll out the remainder of the Baoli line-up in 2016 and 2017. We are very excited about the opportunities that this roll out presents to our markets. Baoli is a strong product with a very competitive price that will be very competitive in the US market.
New Baoli KBG25
- 189″ triple stage mast with hang-on sideshifter and 42″ forks
- Scratch resistant splatter paint
- Steering wheel with spinner knob
- Rear handle with horn button
- Full suspension seat
- Swing out LP tank bracket with LP tank included
- Solid pneumatic drive and steer tires
- Polycarbonate rain cap
- Strobe light and Full light package.
- See all the specs and more pictures
$19,900 Plus Tax and Freight or
*60 month FMV lease with approved credit. Normal clean operation. Restrictions apply. Contact us for details at 866-393-9833.
Posted: April 27, 2016 | Author: Barry | Filed under: Equipment, Management, Uncategorized | Tags: charlotte, forklifts, greensboro, lift trucks, materials handling, materials handling equipment, raleigh, warehouse design, warehouse materials handling, warehouse racking |
Tri-Lift NC, Inc’s motto has been “One Source” for many years, and for good reason. We are a truly multi-line supplier than can assist in all facts of materials handling planning, warehouse design, installation and management of all your materials handling needs.
Few companies can assist in facility design, layout, installation and management as well as supply the right forklifts and other lift equipment to complete the job. Working with a single source means one company planning the entire project, creating specifications for all that equipment, ensuring all the pieces fit properly and function as intended.
Having one source means there is no question who is responsible for productivity. Multiple sources have the tendency to avoid responsibility by pointing to other areas not under their control. But when you work with one reliable partner, there’s one call to make, and we’re on the scene! We service and carry parts for what we sell, and even products we didn’t sell. You can count on our service team for everything from rack repair to forklift planned maintenance.
Whether you need a single forklift or a warehouse full of materials handling equipment and a hundred forklifts, Tri-Lift NC, Inc. has the resources to be the partner to help you get the job done right and maximize productivity.
Visit our website to learn more about us, then next time the need arises and make Tri-Lift NC, Inc. YOUR ” One Reliable Source!”
Posted: April 20, 2016 | Author: Barry | Filed under: news, Uncategorized | Tags: Charlotte News, forklift news, Greensboro News, KION Group, lift truck news, Linde Material Handling, material handling news, Raleigh News, Tri-Lift NC Inc. |
|KION Group, Linde Material Handling’s parent company, introduced the “Palmetto Award” in 2015. The award was designed to recognize Linde dealers throughout North America that achieved KION’s aggressive annual sales goals.
Linde Material Handling, the leading forklift in Europe, is committed to the North American market and has assembled plans for dealers to market the Linde forklift line effectively in their areas of primary responsibility (APR).
Bob Bond, President of Tri-Lift NC, Inc. stated “We added the Linde line of forklifts two years ago for a couple of reasons. One was the quality of the product. Linde forklifts are simply unparalleled in terms of engineering, design and manufacturing. We wanted a forklift line that was suited for the most demanding industries in North and South Carolina. The second reason was Linde’s commitment to the North American market.” He went on to ad “We put together marketing and sales plans of our own to achieve the goals established by Linde, and we are very proud of all of the associates at Tri-Lift NC, Inc. who made this award possible.”
About KION Group
KION North America Corporation is a member of the KION GROUP AG, the world’s second largest manufacturer of industrial trucks. Their brand companies, Linde, STILL, Baoli and Egemin, serve the specific requirements of the U.S., Canadian and Mexican markets with a comprehensive and complementary product portfolio. Headquartered in Summerville, S.C., KION North America’s products are known for their innovative technologies, low energy and low operating costs.
About Tri-Lift NC, Inc.
Tri-Lift NC Inc., based in Greensboro, North Carolina is a full service material handling company with branches in Greensboro, Raleigh, Charlotte, North Carolina and satellite branches in Greenville and Columbia, South Carolina.