Purchase Equipment Now to Take the Section 179 Tax Advantage for 2018

Section 179 DeductionBuy equipment now, take advantage of the Section 179 small business tax incentive and invest in your business for the future.

Section 179 of the IRS tax code allows small businesses such as contractors to deduct the full purchase price of qualifying equipment from your gross income in the same tax year it is purchased. This deduction is good on new and used equipment. In 2018, the deduction limit is one million dollars.

To take the deduction for tax year 2018, the equipment must be financed or purchased and put into service between January 1, 2018 and the end of the day on December 31, 2018. For this tax year, the spending cap on equipment purchases is $2,500,000.

What Could This Mean for Your Contracting Business?

Since the Section 179 tax deduction allows your business to write off the entire purchase price of qualifying equipment for the current tax year, you can purchase needed equipment right now, rather than waiting. You can expand your services in 2019 to offer coatings, decorative concrete and polished concrete by investing in the right equipment to do the job.

We’re an authorized dealer for a number of popular equipment brands in our industry:

Whether you’re looking to expand your business with grinders, burnishers, generators, hand grinders, sand blasters, scarifiers, shot blasters, scrapers and more, make that equipment purchase or lease before December 31, 2018 to take advantage of the Section 179 small business advantage.

Be sure to talk to your tax advisor to learn more.

Runyon Surface Prep Rental & Supply is a full-service sales and rental facility uniquely dedicated to the concrete polishing industry. Our uniqueness comes from providing our customers with a diverse equipment, product and supply portfolio. We offer training and support, such as technique workshops on prep, polishing or removal, and maintain a well-stocked inventory of consumables ready for your projects at a moment’s notice. Rather than perform contract work ourselves, we consult on job sites when necessary. With the backing of our vendors, Runyon Surface Prep offers support at any level, to assist in helping you get things done. We can deliver or ship wherever you need, or you can pick up from our facility.

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Contractors Get Big Advantage with Section 179: Fast Facts on How Buying Now Can Expand 2017 Business

Have you ever wished you could buy new equipment to grow your business and also help your bottom line? The Section 179 deduction allows for businesses to deduct the full amount of the purchase price of equipment up to $500,000, as long as the equipment is purchased before the end of December 31, 2016.

Fast Facts:

  • Section 179 is aimed at general business equipment. If you plan to use the equipment you are leasing, financing, or buying for business purposes in 2017, then it most likely qualifies for a Section 179 deduction.
  • Section 179 deductions are simple to handle. Simply buy, lease, or finance your equipment and fill out IRS form 4562.
  • Section 179 is a “Use- It-Or-Lose-It” write-off that ends on the 31st of December, so it makes sense to utilize the tax savings while you can.
  • Section179.org offers a calculator where you can estimate your savings on qualifying equipment.
  • The equipment you write off for Section 179 must be bought in the tax year in which you are claiming the deduction.

Reasons to Buy Now:

  • Expand your services in 2017 to offer coatings, decorative concrete and polished concrete by investing in the right equipment to do the job
  • CPS Grinders, burnishers, auto scrubbers, and vacs, including electric or propane versions, qualify for this deduction
  • CPS is offering incentives and special deals during the end of the year, so you can increase your savings even further on equipment.

Taking the Section 179 deduction is a straightforward way to invest in the future of your business while saving a bundle. Why not take advantage of the opportunity to grow your contracting business with CPS grinding and polishing equipment? Through December 31st, customers with qualifying equipment purchases through Runyon, a CPS distributor, will receive a $250 Amazon Gift Card AND a $250 credit towards CPS tooling.

Be sure to talk to your tax advisor to learn more.

To take advantage of this special offer, contact us here or for more information, download the PDF info sheet here.

Contractors Get Big Advantage with Section 179: Fast Facts on How Buying Now Can Expand 2017 Business

About Concrete Polishing Solutions

Concrete Polishing Solutions is the leader in providing equipment, tooling, chemicals, and training to contractors and distributors in the polished concrete flooring industry. CPS offers a full line of equipment, tooling, and chemicals for all of your polished concrete needs. From start to finish, CPS helps you save time and earn more. More information on Concrete Polishing Solutions can be found at our website www.go2cps.com.