Deduct the purchase price of your new machine by trading in your old machine. MAAC accepts trade-ins on all types of thermoforming machinery based on current and up to date market values. With MAAC’s trade in program; the same truck that delivers your new machine, will pick up your old machine. MAAC’s trade in program allows our customers to keep their equipment “Up to Date” without the hassle of lost production time.
MAAC Machines are purchased through a wide variety of different financing options. Monthly payment breakdowns are commonly available in 36, 48, 60, 72 and 84 monthly payment periods and can also include the cost of freight and installation.
Equipment financing is the simplest way to ensure you are keeping your equipment up to date. With fixed monthly payments; financing helps to avoid inflation and conserve capital while your installed machinery supports your business.
To calculate monthly payment options and even break them down into hourly costs per shift, contact us today and request our up to date quoting tool.
Section 179 Deduction: Section 179 of the tax code under the new Tax Cuts and Jobs Act allows Small Business (those whose equipment purchases of all kinds, new or used, do not exceed $2,500,000) to expense the first $1,000,000 of qualifying equipment. Any amount over $2,500,000 will decrease dollar for dollar.
100% Bonus Depreciation under the new Tax Cuts and Jobs Act is retroactive to September 27, 2017 and will be extended through 2022. Any size business will be able to depreciate 100% of the Adjusted Cost Basis of new and used equipment during this period.
Section 179 is a tax code created to help businesses – By allowing businesses to deduct the full amount of the purchase price of equipment (up to certain limits), Section 179 is a fantastic incentive for businesses to purchase or lease equipment this year.
The various Stimulus Acts over the past few years have included special provisions for Section 179 and Bonus Depreciation, and greatly increased the limits on how much businesses can deduct. There is simply no better time than now to take advantage of Section 179 and Bonus Depreciation!
For more information, please visit the Section 179 website.
DISCLAIMER: MAAC Machinery is not licensed to provide accounting or legal advice. Please consult your own CPA or Counsel for any accounting or legal advice and as to how this new bill can help your company.