Posted: January 10, 2018 Filed under: Information and News, Management, Regulatory, Uncategorized | Tags: charlotte, greensboro, Greenville, material handling, new forklifts, raleigh, Section 179, Taxes, used forklifts
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.
2017 Section 179 Tax Information (Last Year)
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.
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:
Check out our line-up of new forklifts or used forklifts, then contact us at 866-393-9833 for more information or a quote.
Posted: July 25, 2017 Filed under: Management, news | Tags: Economics, employment, forklifts, Industrial Trucks, jobs, new forklifts, Taxes
Industrial trucks and forklift sales are directly tied to our economy. When our economy does well, more forklifts are required to move the goods ordered by customers and end-users. Conversely, when a downturn occurs, forklift sales drop, sometimes dramatically as they did with the recession of 2009. What few people understood until now, the economic impact these forklifts make on our economy. Recently the Industrial Truck Association in conjunction with Oxford Economics researched the topic, and below are some of the significant findings.
- Industrial truck manufactures generate 209,600 jobs in the US, directly and indirectly.
- The economic impact of forklift on the US economy is $25.7 billion dollars. Here in North Carolina, forklifts generate over $1.4 billion dollars to our state economy.
- Over $15 billion of that contribution is a result jobs that support forklift sales and service such as service technicians, the parts that are made and sold and installed on forklifts, training centers etc…
- The Bureau of Labor and Statistic (BLS) estimates that there are about 540,000 industrial truck operators in the US.
- There are over 200,000 forklifts sold annually in the US.
- Over 1 million forklifts are sold around the world each year.
- The industrial truck industry generate about $5.3 billion dollars in state and local taxes. Here in North Carolina, state and local taxes are over $103 million dollars.
As you can see, when we sell a forklift we create a lot of work not only here at Apex, but for our customers, their customers and the impact is felt all throughout our state and national economy.
Report – Industrial Trucks Effect on State and National Economics
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: July 15, 2015 Filed under: Information and News | Tags: charlotte, CLARK forklifts, forklift parts, forklift rentals, forklift service, Linde Material Handling, new forklifts, north carolina, UniCarriers Forklifts, used forklifts
Since 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.