Tag Archives: IRS

Out with the old, in with the new: 2018 Tax changes allow small businesses in US to purchase more machinery, and LUCAS is there to help

January 5, 2018  
IRS symbol ushering in Tax changes for customers of machine tool manufacturing

No matter how you cut it, small businesses are strongly encouraged to invest in machinery under the new tax law.  The carrots of choice, regardless of the type of legal entity, are the section 179 tax deduction and the 100% bonus depreciation deduction. The section 179 tax deduction on equipment… Read more »