Road repair and maintenance fleets have big roles to play in keeping roads safe for neighborhoods, municipalities, communities, and states.
Whether you are repairing potholes after a long, harsh winter or conducting road surface treatments, repairing cracks in roads, or maintaining the nations highways and byways; GPS tracking can help you repair and maintain roads more efficiently and cost effectively.
These are just a few benefits GPS tracking has to offer your road repair organization.
Tax Benefits for GPS Tracking Equipment 2018
28 Mar 2018Did you know the Tax Cuts & Jobs Act passed in December provides for immediate full expensing of capital investments for the next five years? This special “bonus depreciation” applies to LiveViewGPS trailer telematics products, which typically qualify as short-lived capital investments.
Below is an overview of this key business tax provision in the new law that will impact capital investment:
Corporate Tax Rate: Reduces corporate (C Corp) tax rate from 35 percent down to 21 percent starting in 2018. The significant reduction in corporate taxes will free up cash to enable companies to make investments in capital improvements
Capital Investment: Allows immediate, full expensing of short-lived capital investments, such as machinery and equipment (now new or used) for five years through December 31, 2022, then phases out the provision by 20 percent annually over the next five years. This is generally referred to as “bonus depreciation,” which is available for new and used equipment under the new laws. In prior years, “bonus depreciation” applied only to new equipment and was for 50% of the amount purchased.
LiveViewGPS products typically qualify as short-lived capital investments, so our customers will be able to take full advantage of the new tax laws. Companies should confer with their tax advisors to determine the benefits of accelerating planned capital expenditures in 2018.
Fourteen-year-old Trevyan Rowe’s bus driver dropped him off in front of the school just like every other morning. Sadly, Rowe suffers from autism, and this day was not like every other. His normal routine, which is very important to maintain for those high on the autism scale, was disrupted when he misplaced his phone. In confusion, Rowe simply walked away from his school building. Sadly, Rowe is not the first autistic child to simply wander off from safety and become lost.
This terrifying situation is a legitimate fear for millions of Americans whose loved ones are suffering from Alzheimer’s, autism, dementia or other mental conditions. The Journal of Pediatrics published one important study that revealed around one in three children with autism will wander off and become temporarily lost.
