Congress has approved much needed improvements in Section 179 which allows companies, like yours, the ability to completely deduct the purchase cost of equipment the first year it is put into service. The new limits are:
Maximum 179 Deduction for 2016: $500,000
This means for qualifying equipment purchases of up to $500,000, your company can deduct 100% of the purchase price from its taxes the very first year it is put into service.
Further, this maximum will be increased annually, with the maximum tied to inflation, at $10,000 increments.
Bonus Depreciation; Maximum Qualifying Purchases: $2,000,000
Once you exceed the maximum deduction of $500,000, bonus depreciation kicks in at 50%, until you reach the maximum qualifying purchases of $2,000,000. For example, if you spend $1,000, ooo on new equipment, you can fully deduct the first $500,000, then deduct 50% of the remaining $500,000 for a total tax deduction the first year of $750,000. It then begins to phase out dollar for dollar until you reach $2,500,000, where it is then completely eliminated.
Bonus Depreciation will be extended through 2019. Businesses of all sizes will be able to depreciate 50 percent of the cost of equipment acquired and put in service during 2015, 2016 and 2017. Then bonus depreciation will phase down to 40 percent in 2018 and 30 percent in 2019.
Note: The section 179 deduction applies to NEW and USED equipment whereas the bonus depreciation is only available for NEW equipment.
What that means to the purchase price of a NEW, $30,000 forklift? Assuming your company is in the 35% tax bracket, your effective cost, after deducting the entire $30,000 from your taxes, is only $19,500!
With Section 179 in effect for the remainder of 2015 and all of 2016, and beyond, there’s never been a better time to invest in new forklifts for your facility.
Note: We always suggest you consult your accountant or tax professional before you utilize section 179 for tax savings. Not all companies are structured the same and your savings may vary.
To learn more about Section 179, please visit; www.section179.org. Visit our New CLARK Forklifts showroom, and our Used Forklift Inventory to see our models. Then Contact Us for a quote, or give us a call at 888-530-1832. Apex Material Handling is YOUR source for all your material handling and warehouse equipment in Chicago and Peoria Illinois.
Push-back combines the density of drive-in rack with the selectivity of single selective pallet rack using a series of mobile carts that ride on rails within each row. A loaded pallet is placed on the upper cart within the system. As the next pallet is loaded, the forklift gently pushes the first pallet load back, exposing the 2nd cart. The process continues until all carts are used (typically 3-4 deep), with the last pallet resting on the rails. As each pallet is extracted the subsequent pallet flows to the aisle face for selection, allowing for highly productive pallet retrieval.
Push-back is a last-in/first out (LIFO) storage solution and not appropriate for items with expiration dates. Additional vertical clearance is needed per level to accommodate stacked carts which may limit the number of vertical positions available.
Advantages | Considerations:
- High density system
- Requires limited number of aisles
- Ideal for high-volume, low-SKU applications
- LIFO stock rotation – drive-in
- FIFO stock rotation – drive-through
- Systems can be underutilized as SKUs increase (honeycombing)
When it comes to servicing your forklift or any product related to your forklift in Peoria, one call to Apex is all it takes. We service all makes and models forklifts. From the forks on the front, to the counterweight in the back, and everything in between, we are here to make sure your forklift fleet’s productivity is operating at peak performance. You can count on us for prompt professional and courteous for:
- 24 Hour On-Call Forklift Service
- Factory Trained Technicians
- Radio Dispatched Service Vehicles
- Advanced GPS Dispatching Program
- Portable Welding
- NO Hourly Travel Charge
- NO Environmental Surcharges
- NO Fuel Surcharge
- NO Consumable Materials Charge
- Carbon Monoxide Testing
- Scrap Pickup – FREE!
- In-House Maintenance
- Battery Reconditioning
- Battery Load Testing
- Battery Planned Maintenance
- Charger Planned Maintenance
- Comprehensive Inspections
- Complete Repair Capabilities
- See our Service Guarantee
Additional Forklift and Fleet Services Available in Peoria
- Learn about our forklift Planned Maintenance Programs can save you money and improve your productivity and bottom line performance.
- Want to get out of the forklift fleet management business? Let us do it for you with one of our ForkliftFleet Management Programs tailored to your needs.
- Don’t forget your forklift batteries and chargers. Our Power Factor Service maximizes useful life, improves performance and reduces your forklift battery and charger costs.
Want to talk to us about service for your materials handling equipment? Complete our Service Request Form and we’ll get right back to you.
Apex Material Handling
5701 W. Smithville Road
Peoria, IL 61607
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Training is one of the most important functions of any manager. From top to the bottom levels of an organization, employees that are well-trained to do their jobs perform them better, are more efficient and make greater contributions to the bottom line of the organization. When we discuss forklift operator training with our clients there are three essentials they must commit to in order to take full advantage of the training we provide. This of course transcends forklift operator training and could apply to training in about any other function within your organization.
Planning – Setting out on any quest, whether it’s comprehensive training or how your department will function, doing so without a plan, even a simple one will leave you wandering in the wilderness, drifting from one program to another, no sure if what you’re doing contributes or detracts from your quest.
Put together a plan, including what you want to accomplish, the steps it will take to get there and what you will do to maintain the levels of training you provide as well as what you will do to take it to each “next level” once you have attained your planned levels of training.
Time – Nothing happens overnight, there is no magic elixir for time and practice committed to your plan. You can expand or contract the time it takes based upon your level and amount of training provided to do the job. Time can be your commitment personally or the time commitment of external or outsourced training. Either way, it takes time with the trainer, then time practicing the skills by the employee to hone them to an efficient and effective state. We have addressed how people learn in our Feature Article “Training vs. Teaching; Knowing the Differences.”
Resources – Time is one of your most valuable resources in any organization and we have addressed the need for that above. But you must also provide the resources for effective training. This can include time with a skilled trainer, a location to provide and practice the skills, equipment needed to learn and practice on as well as materials needed to support the training efforts.
Providing comprehensive ongoing training is an investment in your employees, your organization, and your bottom line performance. The results are usually commensurate with the levels of each of the three essentials we’ve listed and it is rare that results oppose the efforts. Invest in your bottom line with complete and professional training and watch the results, over time, compound for your company.
We know that forklift operator training is required by OSHA. While your training may meet OSHA’s requirements, you need to look further to determine if your training is adequate for your operation and would your training hold up in court under the scrutiny of a civil court case.
This article, written by an attorney for Lift and Access Magazine, highlights what trial attorneys will target and the kinds of questions he and his clients have faced in a civil trial. While this article focuses mainly on Aerial Work Platforms, our clients with forklifts face the same exposure if their training doesn’t do more than meet OSHA standards. This article addresses a few particular questions faced in a civil trail where damages are being sought:
- How long did your training take, and what materials were used?
- What was the content of the practical exam and could anyone fail?
- What equipment was used?
With the myriad of different types of forklift equipment our customer use, we must also ask?
- Are all of your operators trained to use ALL of the different equipment types in your facility?
- Did you provide facility-specific training for your operators to address all the potential dangers in your facility?
- Do you have a system to identify when refresher training is needed and is it being followed?
- Is your program ongoing, or was training a one-time occurrence, and certificates issued?
- Who performed your training and was the source experienced and credible?
The goal of your training should be not to meet OSHA standards, but to ensure that each of your employees that operates lift equipment, can do so safely and the effort is placed on bringing everyone back to work tomorrow safely.
OSHA has an excellent eTool for powered industrial trucks. One of the most useful components is their outline for a successful forklift operator training program. Below are the major components.
- Types, Features and Physics
- Inspecting the Vehicle
- Driving the Truck
- Load Handling
- LPG Lift Trucks
- Battery and Charging
- Safety Concerns
- Specific Truck and Workplace Training (Hands-On)
- Certification of Completion of the Course