Now Is The Time To Buy

JanSan Altruism
Now Is The Time To Buy

I assume the CMM blog posts and comments are screened so that they are not overly promotional of any product, manufacturer or service, but instead convey information and thoughts that readers can learn from and/or comment upon.

This blog posting is going to stay within those boundaries; however, it is going to encourage end users to get out there and buy something for their businesses: Floor machines, carpet extractors, vacuum cleaners … whatever.

And, there is a good reason for it: Right now, Uncle Sam has a gift for us. End users who purchase capital equipment for their businesses may be able to take advantage of exceptionally advantageous depreciation and expense deductions that are targeted to expire or decline significantly in 2012.

The regulations stipulate that businesses that purchase qualifying products or equipment in the next few months — no later than December 31, 2011 — are eligible to receive a first-year deduction allowance of 100 percent of the asset cost. Beginning January 1, 2012, this deduction is cut in half, which means now is the time to act.

As always, check with a financial adviser or accountant because there are rules and regulations that apply. However, if you have considered purchasing new cleaning equipment, this tax break presents an enticing buying opportunity.

Michael Schaffer is a senior executive with Tacony’s Commercial Floor Care division.  He is also president of Tornado Industries Inc., which manufacturers a full line of professional cleaning equipment and CFR Corporation brand carpet extractors that recycle water and cleaning solution.