Take Advantage of Your Equipment Deductions Section 179 Depreciation for 2016 is $500,000! Section 179 allows businesses to deduct the cost of certain equipment purchases, such as a new Hino trucks and/or Fuso trucks, as an expense rather than capitalizing and depreciating those purchases. Additionally, bonus depreciation may be available. The math is simple: One brand new 2017 Hino 268 at the purchase...
2016 Successful Dealer Award Winner Announced FOR IMMEDIATE RELEASE South Plainfield, NJ - River States Truck and Trailer, was named and awarded as the 2016 Successful Dealer at the Great American Trucking Show in Dallas, Texas, Thursday, August 25, 2016. River States was one of five finalists for the annual award, which is sponsored by Automann and CDK Global. All five...
At NTEA, Mitsubishi Fuso Will Show All-Electric E-Cell Medium-Duty Truck Logan Township, NJ — Mitsubishi Fuso Truck of America, Inc. (MFTA) has noted that its parent company, Mitsubishi Fuso Truck and Bus Corporation, is well along in the development of a new all-electric, battery-powered FUSO Canter FE-Series medium-duty cabover work truck. A year of in-use testing has demonstrated...
Kudos from the EMCA to our Federal Government! For the first time in a decade, the U.S. has "long-term" transportation funding, as the house of Representatives, Senate, and President voted overwhelmingly to pass the five year, $305 billion FAST ACT! After years of short-term band-aids and patchwork extensions, we now have a plan that will begin...
THE EQUIPMENT MANAGERS COUNCIL OF AMERICA ANNOUNCES THE AVAILABILITY OF THE 2015 EDWARD W. PAWLUK, SR. MEMORIAL SCHOLARSHIP PROGRAM The award will be presented to one or more individuals who want to pursue a career as a truck or heavy equipment technician, or fleet equipment manager. WHO MAY APPLY FOR THE SCHOLARSHIP FUND: Any individual who wants to make heavy equipment-truck repair or...
There’s an old statement, “the more things change, the more they stay the same.” That’s very true for the trucking industry. Many of the same concerns from 2015 will carry to 2016. Be better prepared by reviewing the potential issues that will impact the trucking industry in 2016: The economy – When this article came out late...
A NICE BONUS FROM CONGRESS Blog post from Jane Clark, Vice President of Member Services, NationaLease Looks like the trucking industry got a little gift from Congress late last year with the extension of Bonus Depreciation through 2019. It was a nice switch from the previous year-by-year extensions which made planning difficult. Here is what Congress said: for 2015 through...
President of Hino Motor Sales U.S.A., Inc. Visits H.K. Truck Center...
Congress has passed an increase to the expense limit of equipment from $25,000 to $500,000 for Section 179. This limit remains for 2015 alone, giving truck and equipment owners only a few weeks to speak to their accountants and take advantage of this amazing news! A business can now deduct the full purchase price off qualifying...