Tax Break Makes It Easier on Businesses to Invest in Company Growth
Seeing your business grow requires personal investment into your business ventures. This is especially true in the manufacturing field, where industrial and laboratory equipment are a necessity if you wish to see your business’s goals met. Whether you are a small business owner who is trying to find the equipment to get your industrial plans started, or a growing corporation looking to merge into new possibilities, having the right industrial and laboratory equipment is essential to business success.
Needs for new and improved equipment rise around every corner you turn. In some cases, you may need new specialized industrial equipment to meet a previously unmet or realized need. As time goes on, lab and industrial materials improve, and to keep a step ahead of your competitors you need to have the best solutions available to you. Your company may grow, and to meet those growing demands you may need more equipment, or accommodations to provide for a growing number of employees and an expanding customer base.
If you are a business owner or facility manager, then each of these possibilities may make your head spin with the thought of dollar signs. Each of the needs, while valid, are expensive. Regardless of your company’s size, not having the right equipment can hold back your business’s potential success. But at the same time, each of these improvements requires no small degree of investment—and this can be a nerve wracking undertaking.
Business growth like this is good for our national economy, so in an effort to ease the anxieties of facility managers and business owners across the US, Congress approved in 2015 a permanent tax credit that would provide for ongoing tax relief following investment in laboratory or industrial equipment for your business.
This tax break makes actually incentivizes businesses to spend up to $500,000 per year on industrial and laboratory equipment that is necessary for company growth. You can make the most out of this purchase by investing in equipment that is customized to your business needs. Contact OnePointe Solutions for more information about the options in lab and industrial equipment that is available for you.