Use the Section 179 Deduction!

We’re in the 4th quarter.
Is your team ready to win or down for the loss?
Now is the time to look at the Section 179 tax deduction for equipment purchases!

Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. 

Limits of Section 179:

Cap to total amount written off: ($1,000,000)

Limits to the total amount of the equipment purchased: ($2,500,000)

The deduction begins to phase out on a dollar-for-dollar basis after $2,500,000 is spent by a given business thus, the entire deduction goes away once $3,500,000 in purchases is reached.

Who Qualifies for Section 179:

All businesses that purchase, finance, and/or lease new or used business equipment during tax year 2019 should qualify for the Section 179 Deduction (assuming they spend less than $3,500,000). Most tangible goods used by American businesses, including “off-the-shelf” software and business-use vehicles (restrictions apply) qualify for the Section 179 Deduction.

For basic guidelines on what property is covered under the Section 179 tax code, please refer to this list of qualifying equipment provided below. Also, to qualify for the Section 179 Deduction, the equipment and/or software purchased or financed must be placed into service between January 1, 2019 and December 31, 2019.

Take home that 4th Quarter Win!

Call SITECH Mid-Atlantic to find out how!

1-800-443-7561

SITECH Teams With Propeller Aero for Drone Education

SITECH Mid-Atlantic partners with Propeller Aero to provide the latest in drone technology and data collection.  Matthew McCullough and Cam Bentley of Propeller recently provided an education and training session in our Charlotte, NC office.

When matched with Trimble Stratus software, Propeller drones make a winning team for your worksite projects!  Call us at 1-800-443-7561 to learn more!

 

 

Carolina Cat Demo in Midland, NC

The Carolina Cat Next Gen Demo took place in Midland, NC this week with a large array of Caterpillar machines available for operator training as well as fun food trucks and a vendor village for customers.

Members of SITECH Mid-Atlantic staff including service, sales and GPS as well as reps from Trimble and Propeller Aero were on hand to answer customer questions and perform demonstrations.

Talking over GPS options with customers.

Cries of “get that bird in the air” when the Propeller Aero drone is launched!

A large number of machines offered many opportunities to customers for honing operational skills and trying new models.