Section 179 Tax Deduction – What Does It Mean For Your Business?

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Updates to the tax deduction and MORE questions answered!

BLOG GRAPHIC - What You Need to Know About the Section 179 Tax Deduction

Section 179 of the IRS tax code gives businesses the opportunity to deduct the full purchase price of forklifts and other qualifying new business equipment purchased or financed during the tax year up to $500,000 with an added bonus first year depreciation benefit. This years’ spending cap of $2,000,000 is an advantage for small business. Increasing savings and providing for higher profit margins. The PATH Act 2015 (“Protecting Americans from Tax Hikes Act of 2015”) allows for an added 50% bonus first year depreciation deduction.

Our line of Toyota forklifts, from internal combustion lift trucks to electric pallet jacks, are a seamless fit for most applications. In addition, we offer narrow aisle forklifts with swing-mast technology for the high pallet density warehouses and facilities along with complimentary fleet equipment such as utility vehicles, aerial work platforms, multi-directional lifts and more. SIE has added heavy pneumatic forklifts, container handlers and reach stackers to our lineup for the convenience of the lumber, pre-cast materials, port industries and more that we serve throughout the Southeast.

Our customers come to us looking for the top of the line equipment as well as the superior service we are known for. Contact Southeast Industrial Equipment to get a quote for your next equipment purchase or lease and calculate your savings for 2016 below!

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Section 179 Tax Deduction Calculator

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Section 179 Infographic

 

SIE Donates New Bikes To The Boys & Girls Club of Fort Mill, SC

Bikes

#SIEgivesback

Southeast Industrial Equipment has teamed up with the Boys & Girls Clubs of York County to donate $10,000 in new bicycles for the youth at their Fort Mill, South Carolina location.

“We are extremely thankful for the opportunity to partner with Southeast Industrial Equipment and appreciate the efforts to give back to their community in a big way during their annual meeting. Fort Mill Boys & Girls Club members are in for a huge surprise and we hope that you will join us as we celebrate, fun, fitness, and friendship as we join hands with our friends at Southeast Industrial Equipment, Inc. and together, celebrate Great Futures. Oh…and brand new bicycles too!” ~ Sara Blancke, Director of Development and Marketing for the Boys & Girls Clubs of York County

CN2 SIE

https://cn2.com/boys-girls-clubs-bicycles/

As a company, Southeast Industrial Equipment focuses on family, strong business relationships, providing quality equipment and services, and giving back to the communities we serve.

SIE conducted our annual mid-year sales meeting that involves a team building event each year. This is the time of year when we all get together to focus on the good of the company and the surrounding communities. We wanted to pack a punch and find a way to give back big and what better to do that but by serving the youth to promote healthy living and safety.

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We have teamed up with the local non-profit organization of the national Boys & Girls Clubs of America to promote healthy living and to give back to our community. As a team, SIE worked with a local bicycle manufacturer, Blood Sweat GearsBlood Sweat Gears, to build 75 bikes by hand to donate to the youth of the Boys & Girls Club of Fort Mill, SC during our “field day” event on Monday July 25th,2016. This event was planned with the 2016 Olympics in mind and the notion that “going for the gold” is not only a goal but a way of living for the children that attend this summer camp.

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SIE Bike Demo

After much detailed planning, the event went off without a hitch beginning with the presentation of the bicycles to the children. They had no idea they would be receiving such a gift to not only use in the games arranged on this day, but to take home, care for, and keep. The looks on their faces were priceless and solidifies all of the reasons why SIE takes so much pride in giving back to the communities that surround the southeast and beyond.

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SIEBikes

Safety is key to the success of the material handling industry much like the success of the athletes in the Olympics. After presenting the bikes to the children, Keith Isenberg of Blood Sweat Gears, spoke about the importance of safety while riding bicycles. Along with the bicycle donation, each child received a safety helmet that was custom fitted by our sales team after the children got their bikes. Keith focused on the importance of wearing your helmet at all times when riding their bikes, important hand signals and safety tips to keep in mind in around busy areas, streets, sidewalks and so on. The children were given an opportunity to tell us what they thought was the most important thing they should wear while riding their bikes. To our delight they all agreed that wearing their helmet was most important.

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Thanks to the Fort Mill Police Department, the children were able to practice the correct hand signals and things they learned from Blood Sweat Gears on their brand new custom fitted bikes.

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From there, the real fun began. Thanks to Andrea Monteruil Photographyam transparent, a lifestyle photographer in the Charlotte, NC and Fort Mill, SC area, we were able to capture the fun in action! The team at the Boys & Girls Club of Fort Mill, SC put together an outstanding morning of fun-filled activities for the SIE sales team to interact with the children.

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We participated in water relay races

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Corn Hole

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and Air 4-Square

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The sales team and children enjoyed a lunch catered by SIE after the days’ activities and as we parted to go on to our next engagement, the children did not want us to leave! The relationships built through “friendship, fun and fitness” was the ultimate take away that our team and the children have not stopped speaking of. What a great opportunity to partner up with a local non-profit organization to get a hands on experience in giving back and having fun while channeling our inner youth! “Being able to see the smile on their faces is the gift that our sales team will remember for a lifetime.” ~ Lauren Hunke, Corporate Marketing Manager of Southeast Industrial Equipment

#SIEgivesback

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The day continued as our group participated in several different rooms at the popular Exit Strategy. Focusing on working as a team in a high stress environment where you have to work together, make quick, educated decisions and trust one another to find the exit is one that the sales staff will never forget! 2016 will no doubt be a great year for the company and SIE  will continue to give back to the surrounding communities as seen in the previous blogs below!

SIE Exit Strategy

 

Southeast Industrial Equipment Participates In #GIVINGTUESDAY!

11,000 Ways SIE Supports the Community

 

National Forklift Safety Day

Safety is our top priority here at SIE and June is National Safety Month. We encourage our associates, operators and customers to practice safety at all times when in contact with material handling equipment. As part of National Safety Month the Industrial Truck Association sponsors National Forklift Safety Day annually on June 14th and Southeast Industrial Equipment believes that

A safe workplace starts with safety training.

SIE offers a full line of training options whether you need to keep in compliance with OSHA regulations, operator training, forklift safety training, on-site or in-house training and more. Southeast Industrial Equipment is showing support by offering our safety training class held on June 24th, 2016 from 9:00 AM to 12:00 PM. Our in-house classes are held throughout the year at our Charlotte branch location 12200 Steele Creek Road Charlotte, NC 28273 in the Southeast Industrial Equipment training room. This course offers a range of safety training opportunities from OSHA Compliance to Train-the-Trainer.  Contact us for more information and to book your spot today!

Toyota Material Handling Inc., U.S.A. has created a “Forklifts and Pedestrian Safety” guide to highlight common pedestrian hazards when dealing with material handling equipment.

For information about our safety training class and all other training opportunities, please contact us.

Call (866) 696-9125 to speak to one of our skilled Territory Support Managers.

E-mail us at contacts@sielift.com.

National Forklift Safety Day 2016

 

National Safety Month: https://www.nsc.org/act/events/Pages/national-safety-month.aspx?utm_medium=(none)&utm_source=(direct)&utm_campaign=NSM

Industrial Truck Association: https://www.indtrk.org/

Toyota Forklifts : https://www.toyotaforklift.com/

5 Reasons To Choose Southeast Industrial Equipment

Why choose Southeast Industrial Equipment?

Choose Southeast Industrial Equipment

1. Southeast Industrial Equipment is a second-generation, family owned operation with American roots coming up on our 30th anniversary.  Since 1987 SIE has continued to evolve as the premier supplier of quality equipment, products, and superior services in the materials handling industry.

2. We are the full solution to your material handling needs. With nine locations across the Southeast and an expansive inventory of new and used equipment, we are sure to have the right truck for your application.

3. SIE is dedicated to all lines of equipment we offer from Toyota forklifts, Yard Spotters, Aerial Work Platforms, Very Narrow Aisle Forklifts, Large Pneumatic Forklifts, Utility Vehicles, Personel Carriers, Multi-Directional Lift Trucks, to Floor Cleaning Equipment.

4. Over 1,000 rental units in stock and a centralized rental department ready to take your call! SIE has the most competitive rates in the southeast offering daily, weekly, or monthly rentals.

5. “When a customer has a problem, it becomes our problem.” – President, Cory Thorne. SIE takes pride in providing superior service. Our fleet of fully stocked service vans are ready to take on most issues at your facility or ours. If your break down is after hours, be sure to take advantage of our 24/7 emergency service.

IT DOESN’T END THERE!!!

SIE has a centralized parts department with over $2 million in inventory and most parts available overnight for all types of industrial equipment.

We have over 300 associates including highly trained territory managers ready to bring our solutions to you. Through site surveys, product knowledge, training and experience, our sales force will provide you with the knowledge of equipment necessary for your application.

Why stop there? We can provide the paramount warehouse design you have been looking for whether you need a full overhaul, new racking, or updated safety equipment, we do it all! Our warehouse catalog and design partners are the answer to your facility’s productivity needs.

Rest assure that your warehouse is running smoothly with the latest technology SIE has to offer. Fleet Management programs to monitor the productivity of your facility and keep costs down. SIE offers training programs such as operator training, safety training, Train-The-Trainer, and more. Our mission is to keep safety as a top priority to keep productivity up and costs down.

For more information, contact us by phone (866) 696-9125, email contacts@sielift.com, or stop by one of our nine locations scattered through the southeast.

SIE Awarded Toyota’s Highest Honor – FOR THE SECOND CONSECUTIVE YEAR!

Southeast Industrial Equipment wins the TMHU President’s Award for the second consecutive year!

SIE Toyota President's Award

SIE was 1 of 14 dealers awarded in 2017 at the annual TMHU dealer meeting in San Antonio, TX for our efforts in 2016! In addition, we won Sales Elite, Sales Excellence, & Parts Excellence for the second consecutive year in a row!

See SIE’s experience from the 2016 award ceremony below!

TIE 2016 President's Award

Southeast Industrial Equipment wins Toyota’s prestigious President’s Award.

Southeast Industrial Equipment was recently awarded Toyota Industrial Equipment‘s highest honor, the President’s Award, for 2015. SIE is one of the 15 elite recipients of this distinguished award, selected from TIE’s network of more than 220 dealership locations in North America.
SIE was recognized at Toyota’s Annual Forklift Dealer Meeting for demonstrating excellence in parts, service, equipment sales, customer satisfaction and overall forklift dealership operations. This is the fourth time SIE has been awarded the President’s Award.
“Toyota’s President’s Award winners set the bar high, and push themselves hard to succeed,” said Jeff Rufener, president of TMHU. “They are the best of the best in our industry.”

 

Read Toyota Material Handling, U.S.A. Inc honors blog here .

 

2015-Presidents-Award-Photo

 

ADDITIONAL 2015 DEALER HONORS

  • Toyota Commercial Finance Ambassador Award
    Southeast Industrial Equipment was awarded the Ambassador Award by Toyota Commercial Finance. In recognition for SIE’s continued support and for achieving $100,000,000 in lease and retail outstanding with TCF.
    In addition, SIE won TMHU Sales Elite Award for the second consecutive year as well as TMHU Sales Excellence, TMHU Service Excellence, and TMHU Parts Excellence.
  • 2016 MHEDA MVP AWARD FOR OUTSTANDING ACHIEVEMENTS IN 2015
    Southeast Industrial Equipment has been awarded the prestigious MVP (Most Valuable Partner) Award for 2016!  The MVP Award is granted by the industry’s trade association, MHEDA (Material Handling Equipment Distributors Association).
    Read More
Southeast Industrial Equipment would like to personally thank our associates, customers, and peers for playing a vital role in ensuring we continue to lift expectations in the materials handling industry year after year!

 

(SIE Executives from Left to Right) Russ Smiley VP of Operations; Robert Dunlap Chief Financial Officer; Cory Thorne President; Greg Snipes VP of Sales; Scott Johnson Executive Advisor

 

Southeast Industrial Equipment has earned the 2016 MHEDA MVP Award for our outstanding achievements in 2015!

Southeast Industrial Equipment has earned the 2016 MHEDA MVP Award for our outstanding achievements in 2015!  MHEDA MVP LOGO 2016

Southeast Industrial Equipment has been awarded the prestigious MVP (Most Valuable Partner) Award for 2016!  The MVP Award is granted by the industry’s trade association, MHEDA (Material Handling Equipment Distributors Association).  To be among the less than 5% of the association’s membership earning the award, SIE successfully demonstrated a commitment to business excellence, professionalism and good stewardship.

To qualify for the annual MVP Award companies are required to provide evidence of their commitment to their partners in business including their customers, associates and suppliers.  They must satisfy criteria in the following important areas:

  • Industry Advocacy
  • Customer Service & Safety Practices
  • Business Networking
  • Continuing Education
  • Business Best Practices

“MHEDA members represent the best of our industry; and those who earn the MVP Award have documented that excellence and commitment to their customers, associates and the material handling industry,” said Scott Lee, MHEDA’s 2016 Chairman of the Board and President of Schaumburg, IL based Conveyor Solutions, Inc.  “MHEDA is very proud of our MVP Award winners.”

Southeast Industrial Equipment had an outstanding year in 2015. Also awarded the 2015 Toyota Material Handling Sales Elite Award. As a family owned company with high standards of excellence in all operations, SIE strives to be your full solutions provider in the material handling industry. Southeast Industrial Equipment is looking forward to the growth and improvement that is forecast for 2016.

The Material Handling Equipment Distributors Association (MHEDA) is the only national trade association dedicated solely to improving the proficiency of the independent material handling distributor.  MHEDA represents close 650 companies in the material handling equipment business.  Located in suburban Chicago, the association provides services to companies seeking to improve their business through education, networking, benchmarking and best practices.  For more information, visit www.mheda.org.

INFOGRAHIC – Southeast Industrial Equipment 2015 Year In Review

Southeast Industrial Equipment had a great 2015 and has started 2016 off with a bang. For the second consecutive year, Southeast Industrial Equipment was presented Toyota Material Handling Sales Elite Award, honoring them as the dealership that excelled in generating the highest volume of unit sales of new Toyota equipment. We have built our rental fleet to over 1,000 units, have over 150 technicians, 2 million in parts inventory, and more. Whether it’s forklifts, floor scrubbers, personnel carriers, scissor lifts, or yard spotters, let Southeast Industrial Equipment service your equipment with planned maintenance at your facility or ours. With less than a 3 hour response time across all nine branches, you will experience decreased downtime and increased productivity.  Please enjoy our 2015 year in review infographic and contact us today for all of your material handling needs.

SIE Infographic

A Safe Lift Needs a Safety List 5 NEW Forklift Safety Tips

Consider this – cars need oil changes and tires aligned on a regular basis to ensure reliability, safety, and efficiency. Much like cars, forklifts need to be regularly maintained and can be done with a Planned Maintenance schedule. Not only will Planned Maintenance help extend the life of your forklift, it will decrease downtime, increase productivity and increase efficiency. During a Planned Maintenance appointment safety features are checked thoroughly, parts lubricated, fluids leveled, and much more. Facilities and operators rely on forklifts for daily operations, therefore, having even one machine down could be detrimental to the days success.

In August of 2013 a man from Macon County, North Carolina died from CO (Carbon Monoxide) emissions. The North Carolina division of Occupational Safety and Health determined the CO was being emitted by a liquid propane gas powered forklift. It was emitting such high levels of CO that people outside the facility could have been exposed. Performing preventive maintenance would have caught the leak, and may have prevented this tragic loss of life. In material handling, safety is the number one concern for companies and operators.

The type of planned maintenance your forklift needs depends on the type of machine you have. There are gas and propane units as well as electric.

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Here is where the NEW – yet old faithful – forklift safety tips come into play…

Forklift maintenance and safety is key, however at Southeast Industrial Equipment we also believe that training the operator of your forklift is just as important. If not more. When your warehouse, distribution center, or facility is poorly lite, loud, and/or has narrow aisles you need highly trained operators to keep the entire operation as safe as possible. Here are some tips to keep everyone from your operators, to pedestrians in and around the forklifts safe at all times.

  1. Be aware of your surroundings
    • Additional safety lights should be added to your forklift for greater visibility and pedestrian awareness.
    • Utilizing the forklift back-up alarms and horns to let everyone around you know you are approaching.
    • Being space-conscious when working in and around narrow aisles whether your operators are working side by side on different lift trucks or they are around customers in facility.
  2.  Utilizing Forklift and Fleet Management Technology
    • T-Matics is Toyota’s Fleet Management system that can measure and manage accountability of your operators as well as the damages done to your machines. Keeping costs down and safety at the tip of the spear.
    • The customization options for forklifts are endless. To keep individuals off the machines that should not be on them technology can added to our forklifts to keep the lift from starting if it is not the operator that drives that specific piece of equipment.
  3. Knowing the Correct Forklift Capacities and Sticking to the PM Schedules
    • In demanding situations it is easy to disregard the forklift lifting capacity. Not only is it unsafe for everyone around the unit, it is unsafe for the operator because of instability.
    • Recognizing necessary repairs and sticking to a Planned Maintenance schedule will help increase safety and decrease accidents in the workplace.
  4. Choosing Safe Everyday Practices
    • Eliminating slip, trip, and fall hazards so that pedestrians and equipment can maneuver around the facility with ease.
    • Having associates and operators wear appropriate clothing such as, reflective vests or steel toe boots can immensely increase safety in a facility.
  5. Only Trained and Certified Operators Operating the Forklifts
    • By-pass OSHA and other fines by training operators for the specific forklift they will be operating. Maneuvering a sit-down counterbalance forklift is much different than a stand-up order picker or man-up lift. We offer Train-the-Trainer courses, safety training, and on-site operator training, as well as, many other programs. OSHA requires it and SIE offers it!

President and CEO of Toyota Material Handling North America, Brett Wood, predicts how important safety is and will be in the future of the material handling industry:

“[…] safety design, ergonomic design, productivity factors. If you combine those three together, together they work together in the forklift of the future. If you have a safe, comfortable operator you have a productive operator[…]” – Brett Wood President/CEO Toyota Material Handling North America

 

… According to Toyota Industrial Equipment no matter what type of lift truck you have, you need to have the following preventive measures taken:

  • Ask for Operator concerns/input
  • Clean Machine
  • Clean Grease Fillings and Lubricate
  • Check Upright Assembly
  • Check Parking Brake Operation
  • Check Service Brake Operation
  • Check/Fill Master Cylinder
  • Inspect Brake Pedal Linkage
  • Inspect Hydraulic Cylinders and Hoses
  • Check Tilt Cylinder Anchors
  • Inspect tires
  • Clean or replace hydraulic sump breather
  • Check and lubricate shafts and levers
  • Check steering for operation
  • Check lights, horns, backup alarm and gauges
  • Inspect data plate and decals
  • Inspect safety seat belts and hood latch
  • Visually inspect Load back rest and Overhead guard
  • Check battery; add water and clean
  • Check battery cables and receptacles
  • Check/fill transmission/differential oil levels
  • Check/fill hydraulic oil level.
  • Check Fork Wear/Chain Wear/Carriage wear

Note: Some preventative maintenance items that are performed for specific types of lift trucks are not listed.

Southeast Industrial Equipment has maintenance programs to fit the needs of your lift truck. SIE is dedicated to help maintain the safety and performance of your facilities forklifts. For more information please call us (866) 696-9125 or visit our website at www.sielift.com.

Parker, Brittney. “Forklift ruled likely cause of farm tragedy.” Macon County News 08 08 2013, n. pag. Web. 14 Jan. 2014.

“Forklift Planned Maintenance.” Toyota-Lift of Minnesota. N.p.. Web. 15 Jan 2014. link to article.

SIE Infographic

Southeast Industrial Equipment is your full solutions provider of the material handling industry. From new or used equipment to training operators and associates, you can look to SIE for it all. Please enjoy the information provided in this infographic and please contact one of our Territory Managers available at (866) 696-9125 to help find which piece of material handling equipment is right for your application, email us at contacts@sielift.com, or visit one of our Local Branches.

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Introducing Landoll Forklifts

The addition of the Landoll Drexel & Bendi very narrow aisle forklifts enables us to substantially expand our ability to help our customers increase their space utilization and pallet density.

Our goal is to provide our customers with the full solution to their application. Here at SIE we can assist in engineered solutions, space planning, and warehouse supplies, in addition to finding the right material handling equipment to suite your needs. Bendi articulating and Drexel SwingMast® forklifts provide the material handling solution needed for very narrow aisle applications through space optimization, improved productivity, greater flexibility and maximizing efficiency.

Southeast Industrial Equipment is now a proud dealer of Landoll Drexel & Bendi forklifts.

Whether storing standard pallets to 41 feet or handling odd shaped long loads, Landoll has the right Narrow Aisle Solution with a wide range of models, capacities, and power options. By design, neither the Bendi nor the Drexel SwingMast® swing the rear end while stacking so product and rack damage is minimized during product put away or retrieval.

  • Bend8Bendi – The leader in articulated forklifts
  • DrexelDrexel – The very narrow aisle and narrow aisle long load side loading solution.

 

Landoll manufactures two lines of Narrow and Very Narrow Aisle forklifts perfect for loading and unloading containers / trailers and then taking the product directly into your narrow aisle warehouse. The Drexel can withstand freezer storage with temperatures as low as -22 degrees Fahrenheit with the new freezer cab enclosure making it perfect for cold storage applications.

  1. The Bendi Electric or IC powered forklifts provide the world’s first 180° articulating mast, front wheel steered design, providing unmatched maneuverability in narrow aisle storage. The Bendi can store pallet loads from aisles as narrow as 72 inches to lift height of 492 inches. Available in Electric and LP Gas models.
  2. The Drexel SwingMast® fork trucks are electric or IC powered and have a 90° rotating and shifting mast that operate as a front or side loader that can stack pallets or long loads in aisles as narrow as 56 inches and lift to a height of 372 inches.

Landoll also manufactures two other models of electric forklifts.

  1. A Drexel EX (UL Certified explosion proof) front loading lift truck is designed to operate in hazardous flammable atmospheres.
  2. Landoll also manufactures a stand up compact forklift, the LSC, which provides a low cost solution for increased efficiency when stacking or performing dock work, working in bulk storage or on the manufacturing floor and while stacking in drive in racking.
View more Landoll Very Narrow Aisle Forklift videos here.

Browse all of the material handling and industrial equipment we offer. We have the new or used piece of equipment you’ve been looking for, so please call (866) 696-9125, e-mail us contacts@sielift.com, or visit one of our nine material handling dealerships to purchase or lease today.