INCREASE YOUR BOTTOM LINE - Section 179 Deduction (2018)

Now may be the time for your company to purchase that directional drill you've been eyeing up and take advantage of the adjusted Section 179 deduction benefits included in the PATH Act.

Section 179

The Section 179 deduction limit for 2018 is $1,000,000 on equipment both purchased and financed in 2018.  This means your company can deduct the full cost of qualifying new or used equipment from your 2018 taxes, up to $1,000,000.  Phase out for the deduction starts at $2,500,000 for total equipment purchases and is on a dollar-for-dollar basis.  To take advantage of the Section 179 limits for 2018 the equipment must be purchased and put into service by December 31, 2018.  Bonus Depreciation is also 100% for 2018, this is generally taken after the Section 179 Spending Cap is reached.  As opposed to years past, when it only applied to new equipment, Bonus Depreciation now applies to USED equipment as well.  

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5 Tips - Buying a Used Directional Drill

Buying a pre-owned horizontal directional drill can be a great option, whether you’re looking to add to your fleet or purchase your very first drill. It can save you tens, even hundreds, of thousands of dollars but there is a caution.  As with all used equipment, it can be difficult knowing what you are getting when purchasing a pre-owned drill.  That’s why a good inspection is key.  Here are 5 things to inspect to help you make an informed decision.

Drill Pipe

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MTI Equipment's New Facility!

Have you every moved your parents after they've lived in a house for 30 years...So much to sort through!  Things that brings back good memories, stuff you forgot you had, parts covered in dust you thought you'd use...I think you get the picture.  On April 13th, 2018 we got the okay to begin moving our large inventory of horizontal directional drills

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