There’s no better time than now to purchase the capital equipment you know you will need before the end of the year. By taking advantage of the Section 179 Deduction and Bonus Depreciation you will enjoy significant savings from your equipment purchases. This is a use-it-or-lose it write off that ends December 31, 2017, so get off the hump and place your orders now to ensure delivery before the end of the year.

Section 179 at a Glance for 2017
2017 Deduction Limit = $500,000
This deduction is good on new and used equipment, as well as off-the-shelf software. To take the deduction for tax year 2017, the equipment must be financed/purchased and put into service between January 1, 2017 and the end of the day on December 31, 2017.
2017 Spending Cap on equipment purchases = $2,000,000
This is the maximum amount that can be spent on equipment before the Section 179 Deduction available to your company begins to be reduced on a dollar for dollar basis. This spending cap makes Section 179 a true “small business tax incentive”.
Bonus Depreciation: 50% for 2017
Bonus Depreciation is effective through 2019. Businesses of all sizes are able to depreciate 50% of the cost of equipment acquired and put in service by December 31, 2017. It is generally taken after the Section 179 spending cap is reached and is available for new equipment only. Bonus depreciation will phase down to 40% in 2018 and 30% in 2019.
Here is an updated example of Section 179 at work during this 2017 tax year.

The above is an overall, “simplified” view of the Section 179 Deduction for 2017. For more details on limits and qualifying equipment, as well as Section 179 Qualified Financing, please visit www.section179.org

Contact us today to discuss how Lancaster Products can work with you to best finance the purchase of our products.

717-273-2111

Maintenance Bulletin: Rotor Wear and Replacement in Industrial Mixers

The high-speed rotor is the primary mixing and pelletizing tool in industrial high shear mixers and in many ways, it is the most utilized part of the machine. But rotor wear is also a good leading indicator of your machine’s overall operating condition as it is a direct result of material processing. Chances are, if the rotor is worn, there is other preventative maintenance to be done.

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What Preventative Maintenance Will Prolong the Life of My Mixing Equipment?

Industrial mixers are built to run and withstand a great deal of abuse, however, regular preventive maintenance efforts can help keep your mixer running like new. The two most critical components that can affect the life of your mixer are lubrication and inspection of working tools. Below is an overview of the in-depth information provided in our full maintenance schedule available for download below.

 

Lubrication: Proper lubrication can encompass multiple areas on your mixer, not just the shaft seals of the mixing tool. Lubrication of all seals as well as drive gears, discharge valves and other locations where bearings are utilized is the best way to extend the life of your mixer. Automated lubrication systems on larger production mixers help maintain proper lubrication intervals, but regular visual inspection should be scheduled to assure the system is working properly.

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