If you’ve heard of a “Smart Home,” or ever worn a health and fitness tracker, you know what the "Internet of Things" is. But understanding how the Internet of Things (IoT) might apply to the cleaning industry may take a little more imagination. Fortunately, WAXIE has been hard at work with its vendors to provide IoT solution that help our customers keep their facilities cleaner, greener, healthier and safer.Read More
The Logic of Leasing
Did you know that you can acquire equipment without a substantial cash outlay through leasing? That you can upgrade or add equipment without difficulty? That you can match payments to your current cash flow.
Topics: cleaning equipment, floor machines, spin bonnet cleaner, cleaning equipment purchase, electric burnishers, pressure washers, wranglers, hard floor care products, water tank, electric pressure washer, gas pressure washer, automatic scrubbers, autoscrubbers, battery burnishers, carpet extractors, sweepers
Temporary law can mean HUGE tax savings for 2011 equipment buyers
The Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 (TRJA) extended and expanded the depreciation bonus created in 2008. For 2011, it’s an unprecedented 100 percent; for 2012, it’s 50 percent.
Assume you buy and place in service in 2011 a new NSS Champ 2929 ride-on scrubber costing $15,641. Using bonus depreciation, you can “write off” the full amount this year, reducing your taxable income by $15,641. If you’re in the 35 percent tax bracket, that can reduce your 2011 tax bill by $5,474.
Topics: cleaning equipment, floor cleaning, floor machines, vacuum cleaners, vacuums, commercial floors, chargers, industrial floors, cleaning equipment purchase, electric burnishers, pressure washers, wranglers, automatic scrubbers, autoscrubbers, battery burnishers, carpet vacuums, carpet extractors, sweepers, wet dry vacuums