21 Oct Change Is Good.
With many of the changes taking place in the metal industry and the technology world, now may be a good time to ask yourself “Is it time to offer new products and services to my customers?” Successful business growth only comes with change. And as you well know, keeping up with customer demands and economic changes is no easy task. Fabricators may be seeking new ways to increase productivity as well as profitability. One great way to accomplish this is to upgrade your machinery.
Updating your machinery and tooling will pay off in the long run. Outdated machinery may lead to constant maintenance and slower production. One thing a busy fabricator doesn’t need is for its job to come to a halt because a machine is down. Not only are you losing money and a potential client, but now you have a machine that needs repair.
Replacing older machines for more reliable ones will minimize your downtime and save you money. Upgrading to a faster and more accurate machine can provide many benefits. Utilizing time-saving automation can greatly improve productivity as well as reduce the risk of human error and injuries. Federal Equipment can offer you machines with these capabilities and is here to help guide you down the path to a more productive business.
Boost Productivity and Profitability
Whether you are cutting, punching or bending, Federal Equipment is here to find you the machine that will not only help increase your current productivity but will serve as a cost-effective investment for the future. Machine run time is a crucial determining factor in a company’s productivity. Profit margins are tight for most, so having the right machines in your shop can be the difference between status quo and successful business growth.
Increased capacity and flexibility of your machine will give you the ability to handle more types of jobs for your customers. This expansion of services can lead to more customers in the long run. Ease of use can also be an added benefit since it can help cut down the training time of machine operators.
Federal Equipment’s years of experience can help fit you with the proper machinery. Federal’s vast international resources allow us to provide you with options when purchasing machinery and tooling. Federal can also offer some added benefits such as trade-in and financing options. In addition, we have on-site technicians who inspect our machinery upon arrival to ensure that it meets the highest standards.
Federal Equipment is ready to help make the transition to your updated machinery as seamless as possible.
Take Advantage of Section 179 Updates
Another great way to utilize the benefit of machinery updates is with Section 179. As stated in the Tax Cuts and Jobs Act, Section 179 has increased its deduction limit to $1,000,000 for 2019, while the limit on equipment purchases remains at $2.5 million.
Also, the bonus depreciation is now available for both new and used equipment. What is Bonus Depreciation? Bonus depreciation is a tax incentive that allows a business to immediately deduct a large percentage of the purchase price of eligible assets, such as machinery, rather than write them off over the “useful life” of that asset.
With these updates, it is an opportune time to invest in new and/or pre-owned machinery for your business.
Contact Federal Equipment to discuss your application. Let us know what your needs are and we will work with you to devise a machinery plan that will accomplish your business goals. 631-467-9400.
By Darlene Spielman, Marketing Manager, Federal Equipment