Is your business is in need of waste handling and recycling equipment? NOW is the time to buy a quality Harmony baler or compactor!
New Tax Laws and Capital Expenditures
This past December 22nd, the President signed into law our nation’s newest tax bill. Although there was much debate over it’s contents from both sides of the aisle, one benefit is clear. As of January 1, businesses can expense capital expenditures on equipment used to earn a profit in a new way. That is why NOW is the time to buy a baler or compactor!
In the past, buying a much needed piece of waste handling or recycling equipment required a large upfront investment. This investment was magnified with a delayed return on itemization of expenses on taxes. Businesses that purchased equipment could not expense the value of the item at one time. Instead, the overall value had to be depreciated over a longer period of time, equal to its expected profitable use. This system of depreciation made it difficult on accounting professionals. Procurement personnel were “gun shy” to front the initial costs with a long term payback. Under the new law, businesses can expense the full purchase amount immediately!
According to Harvard Finance Professor, Mihir Desai, during a Harvard Business Review Webinar, “That is, I think, powerful because of simplification, and it is powerful because it means that you get kind of a complete write off of all investments right away. And that’s a huge investment incentive because you are able to basically deduct the full cost, and then you get to earn profits later.”
Now is the time to buy a Harmony baler or compactor!
Whether you need a SmartPack Automatic Compactor for a public use area, a Ten-Sixty Automatic Baler for high density bales at a recycling center, or a PERF-SSHB GEN2 for liquid extraction at a large bottling facility, these new tax laws can help you get the equipment you need today! Buying from Harmony Enterprises means that you are purchasing affordable equipment that is built to last. When used according to specification, Harmony’s innovative products provide the Lowest Total Cost of Ownership. The ROI created by our solutions is substantial and immediate. Our solutions optimize employee FTE’s, reduce hauling, and create revenue from recycled commodities.
If your business has considered purchasing equipment for your specific waste handling and recycling needs, call us for a quote today. Our courteous and experienced sales staff will listen to you to provide perfect the equipment solution. You will now also benefit with the initial tax savings on your purchase. For more information on how we can help, call us at (507) 886-6666, or Contact Us today!