Section 179 Deduction: it’s never too soon

While you make your plans for the coming year are you thinking about next year’s Section 179 deduction?

You should be.

Keep reading to find out why.

Section 179: year-end means now

Every December we receive a flood of inquiries for stock machines available to place on our customer’s floors by December 31 so they can claim the tax benefits on their purchase. That’s the wrong time to consider taking advantage of Section 179.

Most of us don’t think about taxes until the year is almost over. When it comes to Section 179 that’s a big mistake. Budgets are drained. Decision-makers are on holiday. Truckers and rigging companies are booked. Even bad weather can stop that important machine delivery dead in its tracks. When that happens you lose a deduction you could have grabbed months before. Worst of all, not taking advantage of this tax benefit means you are stuck with old, costly to maintain equipment while your competitors are leaning out their operations.

Section 179 limit doubled for 2018

For 2018 it’s especially important to assess your needs and make your machine purchases early because Section 179 has changed and it’s all to your benefit.

The new Tax Cuts and Jobs Act increased the 2018 Section 179 deduction limit from $500,000 to $1 million. The spending cap jumped from $2 million to $2.5 million. These changes make it easier than ever to justify the equipment that was always just out of reach of your budget.

Why NOW is the best time to claim your Section 179 deduction

Purchases made early in the year can benefit from closeout inventory sales. Manufacturer’s 2018 price increases may not have gone into effect yet and if they have, it’s still early enough to make a case for buying your new press brake or fiber laser at last year’s prices.

Most important, a 6-8 month lead time on new equipment isn’t a problem now, but it will be if you wait until the end of the year to make a decision.

Can’t afford new machinery? No problem. Used equipment also counts under Section 179. You can feel confident that replacing your 30-year old press brake with a 5-year old model is a good investment. Short on cash? Leased equipment earns your deduction, too.

Want to learn more about Section 179 and what IT can do to help? Give us a call at 847-301-9005.

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WF Maschinenbau launches new North American headquarters

Strong demand for advanced metal spinning and flow forming technology drives expansion

 

Schaumburg, Illinois, August 31, 2017. WF-Maschinenbau, Sendenhorst, Germany is proud to announce the opening of its North American subsidiary, WF Machinery, Inc. at the offices of International Technologies, Inc., 627 Estes Avenue, Schaumburg, IL 60193. WF Machinery, Inc. will serve the growing demand in the North American market for advanced spinning, flow-forming, profiling and necking-in machinery. From its new Schaumburg location WF will also provide technical support and spare parts to serve its expanding customer base.

New technology drives growth
With over 40 years’ experience in designing and building technologically-advanced machine tools and more than 70 active patents, WF Maschinenbau is the solution-driven innovation leader for the chipless metal spinning and forming market. The company’s worldwide unique R&D department features four machines for demonstrations and trials and a team of 100 highly-skilled employees and engineers to propel the continuous development of increasingly sophisticated systems and improvements to existing spinning and forming technology.

Your perfect partner: WF Machinery, Inc.
Al Gildemeister, president of International Technologies, Inc. is well known in the North American chipless metal forming market. Of Mr. Gildemeister’s new role as Sales Director for WF Machinery, Inc., WF Area Sales Director Martin Thiele remarked: “It was a well-considered decision of WF, Germany to place WF Machinery, Inc. in the hands of International Technologies (IT). Having access to the network of a well-known distributor of state-of-the-art lean metal fabricating machinery is a big step forward for WF in securing the North American market.”

WF Machinery, Inc. will be well served by International Technologies’ experience in sales, service and spare parts, technical consulting, and freight and logistics. WF’s Schaumburg location will include spare parts inventory, a demo-ready showroom, conference facility, and a technical support center for customers in the United States, Canada and Mexico.
“Never underestimate the importance to a customer of local sales, service, and parts,” said IT President Alan Gildemeister. “Customers want to know that when they need help there is someone close by who understands the urgency of their situation. When there is an ocean and a big time difference between their shop and the help they need, that can be a huge concern. By opening a North American operations center close to Chicago, one of the biggest shipping hubs in the country, WF will be in a much better position to serve customers.”

Partnership will expand awareness of new fabricating technologies
With a greater presence in North America, WF and WF Machinery, Inc. hope to expand the awareness of the tremendous possibilities made available by spinning, flow-forming, profiling and necking-in technologies. Until now these processes were not nearly as well-known as more traditional methods of fabricating metal parts.
“I am thrilled by the opportunities available for WF Machinery, Inc.,” said Gildemeister. “Some of the shops who need what WF excels at to stay competitive are unaware of the impact these kinds of advancements in lean fabricating can have on their bottom line. Now we can help them make it happen.”

MVD Pre-Fabtech Open House October 25th, 2017

EXCLUSIVE, ONE DAY ONLY EVENT: INTRODUCING MVD!

MVD Demo Center, 2800 Lively Blvd., Elk Grove Village, IL  60007, 10:00 a.m. – 2:00 p.m.

MVD QUALITY MACHINE TOOLS are finally here for sale throughout North America. See for yourself what quality workmanship, premium components, and a very affordable price can do for your fab shop.

To celebrate MVD’s introduction to the North American market, International Technologies cordially invites you to our MVD Pre-Fabtech Open House.

Join us for live demos and savings on press brakes, shears, and fiber lasers. Lunch will be provided. Space is limited, so please call us at (847) 301-9005 or RSVP at the link below.

MVD iLASER 5×10 4KW Fiber Laser

  • IPG Multi Mode Fiber Laser YLS Resonator
  • Precitec ProCutter 2 Auto Focus Cutting Head
  • Schneider Electrical Components
  • IPG Laser Chiller Unit
  • iLaser ESA S660W 19” Touch Screen CNC Controller
  • Libellula.Cut Automatic Nesting Software
  • Automatic Loading Unloading Shuttle Table
  • Conveyer
  • Dust Collection Unit
  • Installation And Training Included!
  • FOB Chicago, IL

MVD iBend 10′ x 135 Ton 4 Axis Press Brake

  • Motorized Crowning System with WILA Wedges
  • Fiessler AKAS II safety guarding system
  • ESA S640, 15” multi-touch screen with
    offline software included
  • UNIMEC motorized X+R backgauge
  • Schneider, Merlin Gerin, and Siemens Components
  • Hoerbiger Hydraulic System
  • Installation And Training Included!
  • FOB Chicago, IL

MVD iShear 10′ 3/8″ Capacity Hydraulic Shear

  • Cutting capacity: 0.394”
  • Cutting length: 122”
  • Throat: 9.84”
  • Elgo P40T Control Unit Touch Screen
  • Schneider, Merlin Gerin, Siemens electrical components
  • Rexroth hydraulic system
  • Motorized backgauge: 39.37”
  • Installation And Training Included!
  • FOB Chicago, IL

MF25i Flexible Corner Forming Machine


The Original, Patented ACF Cornerformer

  • MS, SS, galvanized material
  • 1″ max corner radius
  • Holder of three U.S. patents
  • Many satisfied users