Posted: August 7, 2018 Filed under: Equipment, Information and News, Uncategorized | Tags: BYD Forklifts, charlotte, electric forklift, greensboro, material handling, new forklift, new forklifts, north carolina, raleigh, South Carolina
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.
Posted: September 14, 2017 Filed under: Equipment, news, Uncategorized | Tags: charlotte, greensboro, Linde Forklifts, New Cushion Forklift, new forklift, New IC Forklift, New Pneumatic Forklift, raleigh
Linde by KION has announced it is adding two new internal combustion models to its line-up to compete with mainstream market model forklifts. The strategy is to provide the Linde quality that Linde customers expect, at mid-level pricing. By replacing the hydrostatic drive with a more conventional, but still massive differential, torque coverter type transmission, and a Ford 2.5L fuel injected engine, Linde can provide the type of quality that is synonymous with Linde products, at a lower price point.
This is exciting news as Linde forklifts traditionally have been reserved for those companies that have the highest duty cycle and harshest operations. But now, Linde forklifts will be more widely accessible for the mainstream forklift market.
The two new models are the 1219, pneumatic tire, LP and the 1319, cushion tire, LP. Both models come in 5,000, 5,500lb, 6,000lb. and 6,500lb. capacities. We are very excited about the opportunity to present these forklifts to our markets and we know that once Baltimore and Southern Pennsylvania get a look at these models and a quote from us, they’re going to be a big hit!
See the specs for the 1219 pneumatic tire forklift and the 1319 cushion tire forklift, then contact us at 866-393-9833 for a quote or more information.
Learn more about Tri-Lift NC, North Carolina and Northern South Carolina’s source for material handling equipment, service, parts, rentals and training.
Posted: February 27, 2017 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: June 6, 2016 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 3, 2016 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: December 22, 2015 Filed under: Information and News, Management, Regulatory | Tags: charlotte, Columbia, greensboro, new forklift, new lift truck, north carolina, raleigh, Roankoke, South Carolina, tax deductions, tax savings on forklift, used forklift, used lift truck, virginia
Congress 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.
Posted: September 25, 2014 Filed under: Management | Tags: charlotte, equipment, financing, forklift, greensboro, leasing, lift truck, long-term rental, material handling, new forklift, north carolina, raleigh, rental, roanoke, Tri-Lift, used lift truck, virginia
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.