2018 is a great year for businesses to purchase or lease new or used equipment, vehicles, and software to improve the functionality of their business. This is because when a business purchases new equipment — like a Wright CNC plasma cutting table, for example — they will be able to deduct the entire cost of the purchase from their yearly gross income.
If your business involves metalworking, make the quality of your product that much better and decrease production time with a CNC plasma cutting table from Wright CNC. Every table has incredible functions and features that will help you make more money in less time by increasing productivity, product quality, and, therefore, customer satisfaction. Read more about the tax benefits of purchasing a Wright CNC plasma cutting table before the end of the financial year, plus the features that are included in every table.
For the 2018 financial year, business owners will be able to deduct up to $1 million on new or used equipment that they purchase or lease. This also includes off-the-shelf software that’s available to the general public. For the deduction to be valid, the piece of equipment must be financed or purchased and put into service between Jan. 1, 2018 and Dec. 31, 2018.
The spending cap specifically on equipment purchases is even higher in 2018. The Section 179 Deduction is available for up to $2.5 million worth of equipment purchases, a great incentive for small businesses who are less likely to exceed this amount than larger organizations.
The best part about Section 179 is that the bonus depreciation is 100 percent this year. This means that you are able to deduct the entire purchase from your annual gross income, rather than in years past when you were only able to deduct a smaller percentage spread out over a number of years. For all of the details on Section 179 and your business, check out the official website.
Don’t wait! The sooner you purchase a Wright CNC plasma cutting table for your business, the better. There’s only a month left in the year to be able to write this purchase off.
CNC Plasma Cutting Table Benefits
A huge tax deduction is a great incentive to invest in new equipment before the end of the year, but the benefits of saving aren’t worth anything if your equipment is faulty or inefficient. With a great opportunity like this one, it’s important to purchase the best CNC machine on the market.
At Wright CNC, we manufacture quality CNC plasma cutting tables with revolutionary technology that will increase the quality of your products and reduce manufacturing time. Take advantage of industry-standard software, an automatic torch height controller, a wet-dry material support system, an automatic material height sensor, automated cable management, and a machine-billeted aluminum Z-axis.
Get more information about these features and why they make Wright CNC plasma cutting tables the best on the market. From there, you can purchase the size of table that’s right for your business. Get financing on a CNC plasma cutting table for as little as $138 now.