Logo
  • Home
  • Press Releases

UtilityFleet Gives BucketTruck & Equipment Customers Opportunity for Tax Savings

12/12/2013 (press release: utilityfleet)

All equipment at Utility Fleet Sales qualifies for a 100% tax write-off for 2013. Customers purchasing, and placing into service, bucket trucks, digger derricks, and related equipment before December 31, 2013 are eligible for these tax benefits. Beginning January 1, 2014, new laws prevent customers from taking advantage of the significant tax savings. Utility Fleet has over 300 new and remanufactured units on ground and available for immediate, nation-wide delivery before year end.

Section 179 of the US Internal Revenue Code currently allows businesses to write off 100% of the cost of equipment (up to $500,000) as an expense on their income taxes, as opposed to depreciating the equipment over several years. Companies wishing to finance equipment are still eligible for the deduction and may write off equipment costs up to $500,000 without paying the full amount this year. In addition to the first-year write off, all new equipment qualifies for a 50% bonus first-year depreciation deduction, which allows taxpayers to write off an additional one half of the remaining depreciable amount above $500,000.

These laws, however, are changing at the end of this year. Beginning January 1, 2014, the Section 179 deduction is scheduled to be reduced to only $25,000. Additionally, bonus depreciation is scheduled to expire altogether after December 31, 2013.

2013 Tax Savings Example:

Equipment Purchased:::: $650,000

First Year Write Off (max):::: $500,000

50% Bonus 1st Year Depreciation (150K x 50%):::: $75,000

Normal 1st Year Depreciation (75K x 20%)::::: $15,000

Total 1st Year Deduction (500K+75K+15K):::: $590,000

Tax Savings (590K x 36% tax rate):::: $212,400

Equipment Cost After Savings (650K-Tax Savings):::: $437,600

The current laws could increase both the cash flow and the growth of many businesses, by adding cost-effective equipment solutions into service. Contact Utility Fleet Sales to take advantage of these tax benefits when you buy or lease bucket trucks, digger derricks, and related equipment, before the new laws go into effect beginning January 2014.

To learn more about Section 179, visit www.Section179.org.

Contact Information:

Utility Fleet Sales

Marketing Department

Phone: 682.200.6999

Email: [email protected]

Website: www.utilityfleetsales.com

Social Media Tags:bucket trucks, bucket truck, utilityfleet, utility fleet sales, big tax savings, digger derricks

Newsroom powered by Online Press Release Distribution – SubmitMyPressRelease.com

It's only fair to share...Pin on Pinterest
Pinterest
Tweet about this on Twitter
Twitter
Share on LinkedIn
Linkedin
Share on Facebook
Facebook
Email this to someone
email
Print this page
Print
Tags: big tax savings, bucket truck, bucket trucks, digger derricks, utility fleet sales, utilityfleet
December 13, 2013   vision
Business, Press Releases big tax savings, bucket truck, bucket trucks, digger derricks, utility fleet sales, utilityfleet
×

  • Sentimental eZine: An Outstanding eZine Worthwhile Reading
  • Ram 1500 Becomes First to Repeat as Motor Trend Truck of the Year
Categories
  • Arabic PR
  • Art
  • Auto News
  • aviation news
  • Bollywood News
  • BP OIL Spill News
  • Business
  • California
  • Call Center News
  • Copyright Law
  • Dallas News
  • e-commerce
  • Education
  • Electronics
  • Employment Law
  • Entertainment
  • Family law
  • Fashion
  • Food & Beverage
  • golf news
  • Green
  • Health & Fitness
  • Hollywood News
  • home decor
  • insurance
  • iPhoneNews
  • Law
  • Media News
  • Medical News
  • Mesothelioma Asbestos
  • military-news
  • Money & Finance
  • music news
  • new york
  • New York City
  • News
  • Noticias en español
  • Personal Finance
  • Personal Injury Law News
  • Press Releases
  • Real Estate
  • Religious News
  • Restaurant Reviews
  • Social Media News
  • Social Responsibility
  • South Florida News
  • Sports
  • Technology
  • Top Stories
  • travel
  • UK Press Release
  • US Presidential News
  • VoIP News
  • Weather
  • Web Technology
  • Weddings
  • whistleblower
  • World News
Recent Posts

Goodway Group Hires Brody O’Harran

September 1, 2015, Comments Off on Goodway Group Hires Brody O’Harran

New Informational Website Launched to Help Car Accident Victims

September 1, 2015, Comments Off on New Informational Website Launched to Help Car Accident Victims

How Will Recent Twitter Platform Changes Affect Business Marketing?

September 1, 2015, Comments Off on How Will Recent Twitter Platform Changes Affect Business Marketing?
Tags
accident asbestos asbestos exposure Business California camfil farr cancer clean air solutions clouse dunn khoshbin Dallas dallas employment death economy Education employment law attorney Employment Lawyer employment lawyers facebook Florida google government Health Hollywood insurance jonathan c reiter Lawsuit lawyer marketing Los Angeles marketing mesothelioma new york New York City Obama Parcel2Go president Real Estate recession Search Engine Optimization social media study Texas texas employment Twitter U.S. Washington
News Tags >>

  • Our News on Google News
  • Yahoo News
  • Writing a Press Release
  • Press Release Distribution Services
  • A Sample Press Release Template
  • Social Media News Distribution
  • Search Engine Optimized Press Release
  • Online News Distribution Benefits
  • Dallas News
  • Latest Press Releases
  • Lawyer Press Release Service
  • News on Major online news sites
  • Press Release Service WiredPRNew.com
Copyright © 2021 WiredPRNews.com