Posted on Leave a comment

Section 179 Equipment Deductions for Taxes

Farmers and companies can lower their taxes by buying equipment to use as deductions by December 31st of 2018. 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. In years past, when your business bought qualifying equipment, it typically wrote it off a little at a time through depreciation. In other words, if your company spends $50,000 on a machine, it gets to write off (say) $10,000 a year for five years (these numbers are only meant to give you an example). Now, while it’s true that this is better than no write-off at all, most business owners would really prefer to write off the entire equipment purchase price for the year they buy it. And that’s exactly what Section 179 does – it allows your business to write off the entire purchase price of qualifying equipment for the current tax year. This has made a big difference for many companies (and the economy in general.) Businesses have used Section 179 to purchase needed equipment right now, instead of waiting. For most small businesses, the entire cost of qualifying equipment can be written-off on the 2018 tax return (up to $1,000,000). Section 179 does come with limits – there are caps to the total amount written off ($1,000,000 for 2018), and limits to the total amount of the equipment purchased ($2,500,000 in 2018). The deduction begins to phase out on a dollar-for-dollar basis after $2,500,000 is spent by a given business (thus, the entire deduction goes away once $3,500,000 in purchases is reached), so this makes it a true small and medium-sized business deduction. All businesses that purchase, finance, and/or lease new or used business equipment during tax year 2018 should qualify for the Section 179 Deduction (assuming they spend less than $3,500,000). Most tangible goods used by American businesses, including “off-the-shelf” software and business-use vehicles (restrictions apply) qualify for the Section 179 Deduction. For basic guidelines on what property is covered under the Section 179 tax code, please refer to this list of qualifying equipment. Also, to qualify for the Section 179 Deduction, the equipment and/or software purchased or financed must be placed into service between January 1, 2018 and December 31, 2018. Bonus depreciation is offered some years, and some years it isn’t. Right now in 2018, it’s being offered at 100%. The most important difference is both new and used equipment qualify for the Section 179 Deduction (as long as the used equipment is “new to you”), while Bonus Depreciation has only covered new equipment only until the most recent tax law passed. In a switch from recent years, the bonus depreciation now includes used equipment.
Bonus Depreciation is useful to very large businesses spending more than the Section 179 Spending Cap (currently $2,500,000) on new capital equipment. Also, businesses with a net loss are still qualified to deduct some of the cost of new equipment and carry-forward the loss. When applying these provisions, Section 179 is generally taken first, followed by Bonus Depreciation – unless the business had no taxable profit, because the unprofitable business is allowed to carry the loss forward to future years.

Looking for a tax deductible piece of equipment? Check out our all of our inventory here!

Lower your taxes by buying Kubota before 12/31. Check out our Kubota inventory here!

*New Holland Rochester Inc does not provide tax, legal or accounting advice. Customers are strongly encouraged to seek their own professional advice on the proper treatment of these transactions.*

Posted on Leave a comment

Lower Your Taxes With the Kubota RTV-XG850

Lower your taxes by buying the Kubota RTV-XG850 Sidekick by December 31st according to Section 179. When the great outdoors calls, jump into your Sidekick and hit the gas. The Sidekick’s powerful 48 HP gasoline engine gives you speed to get there fast, up to 40 mph fast. And with impressive acceleration and torque, you’ll take on every big hill and destination with absolute confidence. It’s the confidence you get with an exceptionally balanced multipurpose utility vehicle.

The Sidekick is equipped with Kubota’s worry-free CVT-Plus Transmission. The centrifugal clutch keeps the heavy, double-cogged belt tight for minimal slippage, ensuring fast response and excellent belt durability. Fully shielded to keep out dust and water, the CVT-Plus also cools the CVT belt with a large cooling fan for even greater durability. Light at low speed and firm at high speed, the Sidekick’s speed sensitive 45A EPS (electric power steering) offers exceptional steering control, improving not only handling, but also stability. Standard on all RTV-XG850 series models, the EPS ensures outstanding performance even during full payloads. The Sidekick’s one-way sprag clutch and centrifugal clutch provides engine-assisted deceleration, letting you concentrate on steering rather than braking and giving you dependable control down steep slopes.

Even when fully loaded, the Sidekick won’t bottom out. Front and rear independent suspension delivers a smooth ride with plenty of ground clearance. Equipped with high strength Urethane bushings throughout the suspension for increased durability. The selectable full-time 4WD system ensures outstanding traveling performance, even under heavy loads, providing superior traction. The 4WD system can easily be turned off when 2WD is enough for current driving conditions.

The Sidekick really shines when you’ve got a big job to do. Its heavy-duty steel cargo box can carry up to 15.2 cubic feet or half a ton (1,000 lbs.) of tools, firewood, gear and supplies. Plus, with a seriously smooth suspension and extra ground clearance, the Sidekick won’t bottom out. So go ahead, load it up!

Are you interested in a Kubota RTV-XG850? Check out our inventory or let us know what you’re interested in and we will follow up!

Equipment Lead Contact Form
Posted on Leave a comment

Kubota BX Series Sub Compact Tractors

Kubota BX Series tractors. Meticulous engineering leads to legendary reliability and excellent value – hallmarks of a Kubota tractor. At Kubota, we listen to our customers to make improvements for real world applications. Quality, innovation and easy-to-use design – that’s a Kubota. Scroll down to see some of the top BX80 features, designed with you in mind. To see it in action, visit your local Kubota dealer. Easily fit through a standard garage door without having to fold the ROPS. The BX80 Series’ Rollover Protective Structure (ROPS) quickly folds without tools, letting the BX80 easily pass under low obstructions. The BX1880, BX2380, and the BX2680 all have a ROPS height of less than 84”, which makes storage in a garage or shed a snap. Kubota is known for its quality, reliability and longevity – you can’t fake a good reputation, it can only be awarded to you by your satisfied customers. With a flat operating station, tilt steering and a deluxe seat with armrest, the BX2380 and BX2680 offer comfort that is second to none in this class of tractor. Add to that the ergonomic placement of levers and the modern instrument panel and you have one of the finest operators stations ever offered on a sub-compact tractor. We know maintaining a beautiful yard is important to our customers. That’s why Kubota offers multiple high performance, mid-mount mower deck options on the BX80 Series. These mowers are built to last, providing our customers with years of satisfying use.

Are you interested in a Kubota sub compact tractor? Check out our inventory or let us know what you’re interested in and we will follow up!

 

Equipment Lead Contact Form
Posted on Leave a comment

New Holland Skid Steer Loaders

No matter what your line of work—landscaping, construction or property maintenance—you’ll complete your jobs more quickly and effectively with a New Holland 200 Series skid steer loader. The patented New Holland Super Boom® vertical lift linkage delivers maximum reach at maximum height, allowing you to precisely place loads in the center of trucks. A smooth, stable ride results from a new, longer wheelbase, low center of gravity and correct front to- rear weight distribution. Better visibility allows you to work more confidently and quickly to improve your overall efficiency. A lower door threshold allows for better sightlines to the bucket cutting edge and to the trench, and the see-through area on the cab roof provides a clear view to the bucket at full height. Rear visibility is among the best in the industry due to a large window, low engine hood and no rear frame towers. Long service intervals mean New Holland skid steers spend less time in the shop. The swingout rear door and hood provide easy access to maintenance checkpoints. You can access engine oil, fuel fill, hydraulic oil, coolant and radiator points without tools. The entire cab and boom lift assembly tilts forward for unrivaled access to components and easy cab cleanout. The wide cab offers superior operator comfort and visibility to critical areas, allowing operators to work with a new level of confidence and speed.

Are you interested in a New Holland skid steer? Check out our inventory or let us know what you’re interested in and we will follow up!

Equipment Lead Contact Form
Posted on Leave a comment

New Holland CR Series Combines

Today’s latest generation of CR combines continues the pure Twin Rotor® bloodline and offers best-in-class grain and straw quality thanks to the gentle multi-pass action. Innovative features such as the SmartTrax™, IntelliCruise™, IntelliSteer™ and Opti-Spread™ systems further enhance productivity. The new, top-of-the-line CR10.90 Elevation is the most powerful and productive CR to date, breaking the Guinness World Record for harvesting. During the record, it harvested 29,308 bu in August 2014. The 653-hp(CV) FPT Industrial Cursor 16 Diesel Engine of the Year 2014 is the huge engine that powers the CR10.90 Elevation. The optional Dynamic Feed Roll, with integrated dynamic stone protection, has improved already impressive capacity by up to 10%, and has enhanced crop flow into the rotors and reduced grain crackage. The CR keeps going as long as you do. Unsurpassed grain and straw quality is guaranteed courtesy of gentle, yet highly efficient Twin Rotor® technology. Grain crackage is an industry-leading figure as low as 0.1%. Opti-Fan™ and self-leveling technology ensures the cleanest grain sample and you can choose between two types of rotors to match your individual harvesting needs. Industry-leading ECOBlue™ HI-eSCR technology allows CR engines to meet more-stringent Tier 4B emission regulations and it maintains the 10% fuel-saving efficiency you’ve come to expect of a CR combine. The all-new Harvest Suite™ Ultra cab has been designed to deliver ultimate harvesting comfort and ergonomics with less noise and more space and visibility. The performance of a CR combine is immediately obvious. How? By the model number on the side! The first digit of the model number, whether a 6, 7, 8, 9 or 10 denotes the class of combine. The higher the number the more powerful the combine. The final two digits, either 80 or 90 indicate its position within the class. A higher number means a higher-capacity combine.

Check out the World Record Soybean Harvest!

Are you interested in a CR combine? Check out our inventory or let us know what you’re interested in and we will follow up!

Equipment Lead Contact Form
Posted on Leave a comment

New Holland T6 and Roll-Belt Round Balers

New Holland T6 series tractors are tailored for you. An endless list of options includes a front hitch and PTO (available with standard FWD only), a choice of transmissions, seats, and front axles, including three front-wheel-drive (FWD) axle choices or the economical heavy-duty 2WD axle. Choose from five models from 95 to 125 PTO hp with enormous 42% torque rise plus up to an additional 34 hp from Engine Power Management. At New Holland, we believe a long, hard day in the field shouldn’t feel like one. That’s why we designed the Horizon™ cab for day-long comfort and productivity. The T6 has you covered, from haymaking to loader work and row-crop applications.

Are you interested in a T6? Check out our inventory!

 

The New Holland Roll-Belt 450, 460, 550, and 560 balers possess the newest design enhancements and smartest technology to ensure that they remain in the field. From the moment the pickup tines touch the windrow, Roll-Belt balers pick up all of your valuable crop. Numerous options on Roll-Belt round balers are available to provide you with peace of mind and simplify your baling experience. The industry’s densest bales combined with EdgeWrap™ net wrapping yields weather-resistant bales that reduce storage losses.

Are you interested in a Roll-Belt baler? Check out our inventory!

Let us know what you’re interested in and we will follow up!

Equipment Lead Contact Form
Posted on Leave a comment

Bobcat T650

Unload and place pallets of materials more easily with the vertical-lift-path Bobcat® T650. Combining power, lift and reach, vertical lift path models handle heavy materials and clear tall truck boxes. The Tier 4 engine delivers powerful performance. Bobcat® loaders consistently meet your high expectations for performance. The design, balance and weight distribution deliver more usable horsepower, powerful breakout forces and faster cycle times. Work quicker, lift more and outperform your competition. You won’t find a tougher track system on the market. Every component is engineered for lasting durability, including steel imbed tracks, forged steel idlers, and solid-mounted drive motors and hydraulic hoses. Bobcat Standard Controls remain the most popular style for loaders. Control the drive functions with dual steering levers. Manage the loader lift and tilt with dual foot pedals. Bobcat Selectable Joystick Controls (SJC) are becoming the most popular control choice among operators. No other joysticks in the industry comes close to delivering the level of customization and control you’ll find with SJC. Our system lets you control your loader and attachments easily and comfortably. They’re loaded with many Bobcat-exclusive features. Automatic ride control reduces material spillage, allowing you to travel at faster speeds across rough terrain. Thanks to its dampening effect, the option also increases operator comfort by offering a smoother ride. The 2-Speed travel option boosts your top travel speed by as much as 57 percent. Reduce your travel time across jobsites, limit the need to load and unload your machine on a trailer, and shorten your long-haul tasks.

Are you interested in a Bobcat? Check out our inventory or let us know what you’re interested in and we will follow up!

Equipment Lead Contact Form
Posted on Leave a comment

Bobcat S570

Bobcat S570 skid steer loader. The vertical lift Bobcat S570 skid-steer loader is ideal for clearing high-sided truck boxes and hoppers or placing pallets loaded with heavy materials. The S570 is powered by a Tier 4 liquid-cooled diesel engine with 61hp and unmatched power to help you push through your toughest jobs. Benefit from industry-leading breakout force, rated 1,950lbs operating capacity, faster cycle times and quicker turns. The 2-Speed travel option boosts your top travel speed by as much as 57 percent. Reduce your travel time across jobsites, limit the need to load and unload your machine on a trailer, and shorten your long-haul tasks. Advanced control system offers a choice of two control styles in one machine. By pressing a switch, you can use traditional Bobcat Standard Controls or “H” pattern hand controls. In H-Pattern mode, manage the left-side drive and lift functions with the left joystick. Control the right-side drive, tilt functions, and auxiliary hydraulics with the right joystick controls.

Are you interested in a Bobcat? Check out our inventory or let us know what you’re interested in and we will follow up!

Equipment Lead Contact Form
Posted on Leave a comment

New Holland RF450 SuperFeed Demo

On Memorial Day, 5/28/18, we did a demo of the New Holland RF450 SuperFeed round baler in Culver, Indiana. Pulled with a New Holland T4.120 tractor, the round baler handled the double windrow great at a speed of 4.6mph. See the video below for yourself:

View the literature below for more information on the RF series balers, or contact us to see one for yourself!