Tax Incentives Available
Cash is King! And, we understand how important the proper management of cash flow is to your business. There are a variety of ways you can get the machinery you need to grow your business, whether you lease, use a bank, or buy outright with cash.
As your trusted advisor, we would enjoy the opportunity to review our solutions, financing options, and tax incentives you may want to explore with your tax accountant. We are here to partner with you through the entire process.
Buying with a Bank
If you already have a great working relationship with a bank, you may choose to finance your new equipment by taking out a loan with your bank.
Relationships with Bank
Possible Lower Lifetime Cost
No Collateral Needed
No Buyout at the End of the Term
Leasing the equipment you need through Park Industries® is a great option for a variety of reasons.
Preserves Working Capital
Preserves Lines of Credit
If you don’t want to take out a loan with your bank or finance through Park Industries®, you always have the option of paying upfront with cash.
Saves Money on Interest
Free Up Credit for Other Uses
Stay on Budget
TAX INCENTIVES | SECTION 179
IRS SECTION 179
Essentially, Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. That means that if you buy (or lease) a piece of qualifying equipment, you can deduct the FULL PURCHASE PRICE from your gross income. It’s an incentive created by the U.S. government to encourage businesses to buy equipment and invest in themselves.
Calculate What you Could Save with Section 179!
Deduction Limit = $1,000,000
This deduction is good on new and used equipment, as well as off-the-shelf software. The equipment must be financed/purchased and put into service by the end of the year.
Spending Cap on Equipment Purchases = $2,500,000
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.
Bonus Depreciation: 100%
Bonus Depreciation is generally taken after the Section 179 Spending Cap is reached. Note: Bonus Depreciation is available for new equipment only. The bonus depreciation will phase down to 40% in 2018 and 30% in 2022.
The above is an overall, “simplified” view of the Section 179 Deduction. As with any major tax deduction, the effect on – or benefit to – your company depends upon many factors.
Park Industries® and its associates do not provide tax advice. As always, please consult with your tax advisor regarding your individual situation.
Invest in CNC Plasma Solutions
KANO™ HD 510CNC Plasma Cutting
KANO™ HD 510 boasts premium cutting performance with a smaller foot-print, lower cost, and the full Hypertherm CNC plasma package.
KANO™ HDCNC Plasma Series
KANO™ HD is a true unitized CNC cutting machine. Available in six machine sizes, KANO is configured with a Hypertherm plasma system and your choice of three cutting table styles.
Hypertherm XPR SeriesX-Definition™ Plasma
The XPR170 and XPR300 with PowerPierce and True Hole technology are available to be configured with our plasma cutting machines.
TracKlean™Self-Cleaning Table with AirSweep
The TracKlean table is comprised of two unique traveling cars, each with a slag bin and a detachable plow for fast part retrieval and easy cleaning.
RoboVent FusionFume Extraction Collector Series
As the recommended fume extractor for our plasma cutting machines, the Fusion Collectors from RoboVent offer perfect air quality solution for cutting-edge processes.
Hypertherm HPR400XDHyPerformance Plasma
The HPR400XD with PowerPierce and True Hole technology are available to be configured with our plasma cutting machines.
Zoned Down Air DraftCutting Table
The Zoned Down Air Draft table with mechanically activated zone damper doors offers the cut quality benefits of cutting dry and excellent fume extraction.