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MAAC Machinery Corporation - The World's Leader in Thermoforming Machines

SAVE THE DATE!  2019 Thermoforming Conference

By Vanessa Del Gallo
22nd May 2019

MAAC Machinery is once again proud to sponsor and exhibit at the 27th Annual Thermoforming Conference.

Come be a part of the only tradeshow specifically dedicated to all things thermoforming. Network with clients, vendors and industry leaders in one convenient location! The exhibit hall will provide you with opportunities to meet with equipment, material, tooling and service providers. In addition to the exhibit hall, there is also a parts competition, technical sessions that allow for focused learning and discussion, casino night and more! The SPE Thermoforming Conference is the most convenient and cost-effective way to learn about the industry!

For more information on the upcoming 2019 Conference, contact MAAC or visit the official SPE Thermoforming Division website today.

Tax Breaks for 2019

By Vanessa Del Gallo
1st January 2019

Section 179 Deduction: Section 179 of the tax code under the new Tax Cuts and Jobs Act allows Small Businesses (those whose equipment purchases of all kinds, new or used, do not exceed $2,500,000) to expense the first $1,000,000 of qualifying equipment. Any amount over $2,500,000 will decrease dollar for dollar.

100% Bonus Depreciation under the new Tax Cuts and Jobs Act is retroactive to Sept 27, 2017 and will be extended through 2022. Any size business will be able to depreciate 100% of the Adjusted Cost Basis of new and used equipment during this period.

Section 179 is a tax code created to help businesses – By allowing businesses to deduct the full amount of the purchase price of equipment (up to certain limits), Section 179 is a fantastic incentive for businesses to purchase or lease equipment this year.

The various Stimulus Acts over the past few years have included special provisions for Section 179 and Bonus Depreciation, and greatly increased the limits on how much businesses can deduct. There is simply no better time than now to take advantage of Section 179 and Bonus Depreciation!

For more information, please visit the Section 179 website.

DISCLAIMER: MAAC Machinery is not licensed to provide accounting or legal advice. Please consult your own CPA or Counsel for any accounting or legal advice and as to how this new bill can help your company.