Tri-Lift NC, Inc. is proud to announce that we are now the authorized distributor of BYD forklifts in North and South Carolina.
BYD has been on the cutting edge of electric powered commercial vehicles for over 25 years, and brought its technology to the United States three years ago. Since then, their Lithium Iron Powered Phosphate battery powered forklifts have gained in popularity and BYD has been adding distributors rapidly as demand has increased.
BYD forklifts utilize one battery per forklift, that never has to be changed. The battery charges in about 1.5 hours, does not need to cool down and a single charge can last up to 15 hours. Their battery comes standard with a 10 year warranty.
Learn more about the BYD forklift, the history of BYD and how this new forklift is re-shaping the electric forklift market. We are proud to have been selected as the exclusive distributor of these fine products in our North and South Carolina markets.
With the passage and signing into law of H.R.1, aka, The Tax Cuts and Jobs Act, the deduction limit for Section 179 increases to $1,000,000 for 2018 and beyond. The limit on equipment purchases likewise has increased to $2.5 million.
Further, the bonus depreciation is 100% and is made retroactive to 9/27/2017 and good through 2022. The bonus depreciation also now includes used equipment.
See the fully updated 2018 Section 179 Calculator to see how this tax deduction affects your company.
The Section 179 deduction is $500,000 for 2017, with a 50% bonus depreciation in place until late September (see 2018 information for change).
Click Here for the fully updated Section 179 Calculator for tax year 2017 (Last Year).
Answers to the Three Most Common Section 179 Questions
How Much Can I Save on My Taxes in 2018?
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 2018, and includes any/all increases from any future legislation.
What Sort of Equipment Qualifies in 2018?
Most tangible business equipment qualifies. Click here for qualifying property.
When Do I Have to Do This By?
Section 179 for 2018 expires midnight, 12/31/2018. If you wish to deduct the full price of your equipment from your 2018 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 2018, especially since the expected Federal Discount Rate increases don’t leave much time for action. Please apply today.
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:
Check out our line-up of new forklifts or used forklifts, then contact us at 866-393-9833 for more information or a quote.
From the OSHA blog:
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, 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:
It’s no coincidence that falls are among the leading causes of worker deaths, particularly in construction, and our 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. Employers must take these issues seriously. We also see far too many workers 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 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. Respiratory protection is essential for preventing long term and sometimes fatal health problems associated with breathing in asbestos, silica or a host of other toxic substances. But we can see from our list of violations that not nearly enough employers are providing this needed protection and training.
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. Our list of top violations is far from comprehensive.
OSHA regulations cover a wide range of hazards, all of which imperil worker health and safety. And we 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, we have released new recommendations for creating a safety and health program at their workplaces. We have many additional resources, including a wealth of information on our website and our free and confidential On-site Consultation Program. But tackling the most common hazards is a good place to start saving workers’ lives and limbs.
Learn more about Tri-Lift’s Forklift Operator Training and contact us to be sure your operators are trained to properly operate the forklifts you own, under the conditions you operate. Well-trained forklift operators are more productive, less costly and more profitable for your material handling operation.
Well-maintained forklifts are also more productive, safer and have a longer useful life. Find out more about how we can help you keep your forklift fleet operating at peak efficiency and safety at our forklift services page.
Contact us to learn more at 866-393-9833.
Patrick Kapust, deputy director of OSHA’s Directorate of Enforcement Programs, and Kyle W. Morrison, S+H’s senior associate editor, announced OSHA’s Top 10 list in front of a crowd gathered on the Expo Floor.
For the fourth year in a row, OSHA’s Fall Protection Standard (1926.501) is the agency’s most frequently cited violation.
The entire list is as follows:
The data is preliminary. S+H will publish the finalized data.
Conventional wisdom dictated that when you needed a forklift, you look for the best model to fit your operational needs, then arranged financing or purchased the forklift outright. That paradigm seems to be shifting. The reasons aren’t clear to us completely. But it seems that more companies are looking for flexibility and ways to keep cash readily available for use in their growing businesses, instead of tying it up in depreciating equipment that could be obsolete tomorrow.
Long-term renting, unlike leasing puts the owness of maintenance of us, the company renting the forklift. The forklift remains in ownership by the dealer unless there are options otherwise. This flexibility by the equipment owner (us) allows you the renter to budget easily and free yourself of unexpected repairs and service calls. What you’re responsible for can be flexible as well, depending upon your situation and requirements. We can even tailor upgrades for your forklifts should you anticipate business changes that would require alternate equipment.
If you’re looking at forklift equipment acquisition, ask about a long-term rental program for your equipment, then discuss it with your financial adviser to ensure it’s best for your business. Then contact us or give us a call at 866-393-9833 to discuss a plan that fits your operation and budget.
We’ve addressed proper inspection techniques in this Feature Article some time ago. We even have Inspection Form free to download HERE, copy and use/distribute as needed, to help you perform complete inspections. We even have a VIDEO to help you train your drivers visual how to inspect a forklift before each shift. Beyond the obvious employee safety aspects of having operators thoroughly, what other benefits does your business gain?
Fewer accidents means less down time. Down time equals reduced productivity, which reduces your effectiveness, increases your costs and impacts your bottom line.
Less damage to product, equipment and facility. Forklifts and lift equipment are kept in better working order, less product has to be returned, repaired or tossed out, and your facility needs fewer repairs. All of this equals a healthier bottom line.
Lower worker’s comp and general insurance costs. A business with fewer accidents will generally pay less insurance costs, and certainly lower worker’s comp. insurance.
Improved productivity. Operators that understand how the equipment works, doesn’t work and knows your facilities strengths and weaknesses are more productive employees. Improved productivity equals an improved bottom line.
Increased useful life of your lift equipment. This is a great benefit often overlooked. Just like your car or anything else you own, if you take better care of it, it will last longer and have greater value when you trade it in. Daily inspections and catching small items before they blossom into giant repair headaches increases the useful life and value of your forklifts.
But this is all predicated on an effective and ongoing training program. Having a partner that’s dedicated to training and has experience training forklift operators is the key to an effective program. Visit our Forklift Safety Training Webpage. Contact Us for more information or to speak with someone, just give us a call at 888-393-9833.
As you can see, powered industrial trucks received frequent citations from OSHA. Be sure your fleet is safely maintained and your operators are trained. Learn more about our Service and Training Capabilities, then give us a call. We would appreciate the opportunity to work with you to make your operation safer, more productive and more profitable.
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