WHAT IS SECTION 179? The Section 179 Tax Deduction is an immediate expense deduction that business owners can take for purchases of depreciable business equipment instead of capitalizing and depreciating the asset. The Section 179 expensing method is offered as an incentive for small business owners to grow their businesses with the purchase of new equipment. The deduction limit has decreased in each of the last several years, but Congress took action this year and reversed that trend. In 2013, Section 179 allows businesses to deduct the full purchase price of equipment of up to $500,000. This amount is scheduled to decrease to $25,000 in 2014. So now is the time to take advantage of this tax deduction strategy with the purchase of new or used equipment.
We have the experience and the inventory to assist you in capturing your Section 179 deduction. Valco Equipment, located in Canton, Ohio has been providing sales, rentals, parts and service to its customers Canton, Akron, Columbus and the Greater Cleveland area since 1987. Equipment lines include Gehl, SkyTrak, Genie, Lull, JLG, Skyjack, Snorkel, Wacker Neusen, Terex and Manitou. New machines include factory warranty and our used machines are completely inspected, repaired as needed and often come with a written limited warranty. Since 1968 Highlift Equipment, located in Cincinnati, Ohio, has been providing sales, rentals, parts and service of quality new and used construction equipment such as compact excavators, skid steers, track loaders, telehandlers (telescopic forklifts), boomlifts, scissorlifts and light towers. Highlift serves the Greater Cincinnati area including Hamilton, Springfield, Dayton and Kettering.
In addition to new and used equipment we offer quick delivery for most replacement parts and attachments, at very competitive prices. Parts are available to support our equipment lines but in addition we also sell replacement parts for Takeuchi, Pettibone, Carelift, Gradall and Thomas. Our attachment partners include Blue Diamond, Star Industries, Arrow Material Handling, CEAttachments and Haugen Attachments offering skid steer attachments, track loader attachments and telehandler attachments.
In both locations, we have experienced, factory trained service technicians who can fix your equipment right the first time and recondition your older machines. Our new and used equipment, attachments and replacement parts are shipped anywhere in the world. We accept all major credit cards.
Call us today and allow us the privilege of serving you.