Wal-Rich: a third-generation family business – proud of our history and grateful for our customers, vendors, and friends we have made over the years.
Trim to the trade specializes in quality, decorative plumbing in the industry. Ask a rep about there array of products for any of your plumbing product needs.
Innovative Solutions: Washfountains, Showers, Emergency, Hospital and Security Plumbing Fixtures TMV Controls Solid Surface Lav Systems Commercial Washroom Accessories. SST Stainless Steel Modulating Condensing Commercial Boilers; Indirect Water Heaters, Control Systems, Hydronic Components.
For the 2016 tax year, the Section 179 Tax Deduction Limit has been raised back to $500,000, the increased level in effect in 2013 and is not reduced until the cost of section 179 property placed in service exceeds $2 Million.
Understanding The Section 179 Deduction. Click this link to see how Section 179 can benefit your business in 2016.
What you should know:
Please note:
When applying these provisions, Section 179 is generally taken first, followed by Bonus Depreciation – unless the business has no taxable profit in the given tax year.
Sample Savings*
Original Equipment Cost: $500,000
2016 Potential Tax Savings: $175,000
Final Equipment Cost: $325,000
Cash Savings on Equipment Purchase: $175,000