Our wastewater recycling systems featured in an article published with GWi | Ultrapure, on the use of high-temperature reverse osmosis (RO) as a means to recycle wastewater and conserve energy. Click on the image below to read the article, you can also find the full article on Ultrapurewater.com
Prior to Crane Water, Tom served as General Manager of C’treat Offshore in Texas, a global ISO 9001 manufacturer of custom water treatment equipment servicing the offshore oil and gas markets.
Tom holds a B.S. degree in Mechanical Engineering and an M.B.A, from the University of Wisconsin.
Tom will be responsible for the overall organization and operations of Kemco, with a focus on profitable sales growth and process improvement. Carroll Gorrell will continue his role as Chief Executive Officer and support Mr. Vanden Heuvel in all areas of Kemco’s operation.
Join us in welcoming Tom to the Kemco team!
Do you know about the Section 179 Deduction?
Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. That means that if you buy (or lease) a piece of qualifying equipment, you can deduct the FULL PURCHASE PRICE from your gross income. It’s an incentive created by the U.S. government to encourage businesses to buy equipment and invest in themselves.
Essentially, this means that if you’ve purchased or will purchase or finance a Kemco system by December 31, 2016 your business qualifies for up to a $500,000 write off on equipment totaling $2,000,000 or less. The deduction begins to phase out dollar-for-dollar after $2,000,000 is spent by a given business, so this makes it a true small and medium-sized business deduction.
Bonus Depreciation is offered in 2016 at 50%. This is useful to very large businesses spending more than the Section 179 Spending Cap ($2,000,000) on new capital equipment. Also, businesses with a net loss are still qualified to deduct some of the cost of new equipment and carry-forward the loss.
When applying these provisions, Section 179 is generally taken first, followed by Bonus Depreciation – unless the business had to taxable profit, because the unprofitable business is allowed to carry the loss forward future years.
Want to see what your savings would be on the equipment you purchased?
Visit the Section 179 website for more information.