Section 179 Tax Deduction MADE EASY!

Thursday, December 6, 2018

Taxes aren't always the easiest thing to understand - here are the basics to take advantage of this year's $1 MILLION deduction!

We visited section179.org and got the basics to help you take advantage of huge savings in equipment costs.

ACT FAST- ends soon!

What is the Section 179 Deduction?

Section 179 is a tax code created to help businesses.

Allows businesses to deduct the full amount of the purchase price of equipment (up to certain limits).

Section 179 is valid on most types of equipment (including welders). Qualifying List
Section 179 is simple: Purchase equipment, then submit IRS form with your tax return.
Section 179 must be used by the end of the year.

To qualify, the equipment must have been purchased (or leased/financed) and played into service by midnight, December 31st.

Section 179 is a USE-IT or LOSE-IT write-off.

2018 Section 179 Tax Deduction Limit is at an all-time high this year: $1 MILLION

Businesses can deduct the full cost of equipment from their 2018 taxes, up to $1,000,000, with a “total equipment purchased for the year” threshold of $2,500,000.

Can you Lease or Finance Equipment & still take advantage of the deduction?

YES- you can obtain a loan with an Equipment Finance Agreement and still take the Section 179 deduction.

The advantage of leasing/financing with the Section 179 deduction: You can deduct the full amount of the equipment, without paying the full amount this year. The amount you save in taxes may actually exceed the payments, benefitting your bottom line!

How much money can Section 179 save me in 2018?

Use the Deduction Calculator to help make your decisions and save a lot of money!

IMPORTANT: For all details on the Section 179 Tax Deduction, visit www.section179.org.

Pro Spot is not a Tax Advisor, please advise with your CPA or Financial Team.

SEMA 2018 RECAP

Tuesday, December 4, 2018

For 2018 Pro Spot highlighted NEW products as well as exciting updates to existing equipment.

Our new Glue Tab Dent Repair was a huge hit, as a way of easily pulling dents without heat input. This method is crucial when handling repairs on the new advanced, heat sensitive materials such as High Strength Steel and Aluminum.

Repair Chips with our Windshield Glass Repair Kit - as easy as 1, 2, 3. One device that with a simple turn, 1) Preps Temperature, 2) Inserts Resin, and 3) Cure with UV Light.

The Welder's Welder. Along with the features that everyone loved with the popular i4, the i4s steps up the game with Built-in Training Videos & Resources, In-Gun Screen & Controls and WIFI Connectivity - making reporting, updates & recording jobs easier than ever.

Direct Force Control- The new PR-5 DFC allows you to control the precise force which is critical for mixed material stacks. Our new WDA Wireless Data Accountability - documenting & sending work data via Bluetooth.

A compact solution for shops looking to speed up and automate their production processes. Swiftly transition from design to production with our integrated CAD/CAM.CNC control software.

TECH TIP: Repair > Replace: Why Repairing Instead of Replacing is a No-Brainer!

Wednesday, October 3, 2018

With today's technology fixing tabs, cracks, tears, is no longer hard to do. With proper training, plastic can be repaired as easy or easier than a steel or an aluminum panel.

Having the right equipment for the job can make all the difference when making a repair V.S replace decision. The more repairs you do in relation to sales, the more money in the bank.

Why having equipment to repair instead of replacing is a no-brainer!

No waiting on parts!
Higher gross profit for repair than the parts discount when replacing.
Less work, by repairing you eliminate waste. No longer do you have to order a part, wait for part, invoice part, pay invoice, balance accounting etc...
Better opportunity for color match by saving original paint.
Tech makes more $ when repairing, this is typically when a skilled tech is most efficient.

One of the biggest areas of opportunity in most collision shops is to repair plastic parts. This is also because of the advanced materials used in today's vehicle production have rules about repair-ability.

For example, UHSS steel is not repairable and must be replaced according to OEM repair information. With today's technology fixing PLASTIC tabs, cracks, tears, is no longer hard to do.

Throw Out the Broom with Pro Spot's Dust Free Sanding System

Wednesday, September 26, 2018

The New i4s Will Change the Way You Weld

Thursday, September 6, 2018

The i4s Smart Spot Welder features all the things technicians love about the i4 and more. Built-in training provides technicians with immediate resources to get the job done faster than ever. With our Wifi connectivity, you will receive automatic updates from Pro Spot and weld log reporting via email.

The i4s provides unlimited access to connected training resources and supports Adaptive Auto Welding.

The advanced welding control system senses, reacts and adjusts welding energy based on material composition, thickness and resistance properties.

The automatic extended force range provides the correct electrode tip force required for the UHSS materials of today and tomorrow.

Measure
At the press of a button, the i4s measures the thickness of the metals automatically using the latest optical technology.

Sense
The i4s senses the metals to be welded from a pre-delivered current to determine the type of metal.

Weld
The i4s features a new cable-gun. Based on the thickness and resistance feedback information, the i4s delivers the correct weld power every time, regardless of type of metal or thickness.

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