I wanted update a posting from a while ago about the Section 179 savings.
We will be here every business day through the end of the year to help our customers take advantage of the tax code deduction! From now until December 30th, you will be able to reach an Arlington Employee every day.
Buy equipment from Arlington Plastics Machinery before December 31st for it to be eligible for the incentive. Section 179 is a tax break given to businesses allowing for the deduction for the full purchase price of the equipment purchased against your gross income. Instead of depreciating the cost of the equipment over several years, you are allowed to write off the value of the purchased and installed equipment in the year acquired. This year the purchase limit is $2 million with a deduction cap of $500,000.
We'll help with paperwork and shipping so you can qualify for the credit.
Please check with your lawyer or CPA to see what you specifically need and we'll help you get it done.