It isn’t often that watercooler gossip might turn to praising Big Government for new regulations, but this is 2021. The enforcement of new OSHA rules designed to protect workers from potentially fatal silica-related disease forces the obsolescence and retirement of age-old sandblasting systems. This has the ancillary positive effects of pushing clean technology to the forefront, resulting in the elimination of negative health and environmental impacts caused by silica contamination. Those are things to applaud.
Adding to the conversation is an innovative stimulus program, defined in Section 179 of the tax code. If you run a small business and you haven’t heard of Section 179, it is (literally) your loss. Section 179 makes capital equipment expenditures now make perfect business sense. Small to medium-sized enterprises may take full write-offs on capital expenditures on equipment used for business purposes. This could put literally millions of dollars back on the bottom line. The full cost of equipment purchased in the same tax year (as high as $1,050,000) can be deducted. But, act quickly. To take the deduction for the tax year 2020, the equipment must be financed or purchased and put into service by the end of the day on December 31, 2021.
About Laser Photonics Corporation
Laser Photonics Corporation, based in Orlando, Florida, is the leading industrial company in high-tech laser systems for laser cleaning, laser marking, laser cutting, laser engraving, 3D printing, and other materials processing applications. Our systems are currently and historically, used by manufacturers in the aerospace, automotive, defense, energy, industrial, maritime, and medical industries around the world. The Laser Photonics brand is associated with a number of worldwide licenses and patents for innovative and unique laser products and technologies. Laser Photonics has, for over three decades, been the workhorse of industry-standard laser subtractive manufacturing. Laser Photonics systems have been implemented into the production and maintenance regimens of world-renowned organizations such as Sony, NIKE, 3M, Delphi, NNSY-Norfolk Naval Shipyard, NASA, Cannon Air Force Base, Eaton Aerospace, Blue Origin, GE, Caterpillar, Harley-Davidson, PPG, Eli Lilly, Smith & Nephew, Millipore, DuPont, Bosch, Gables Engineering, Champion Aerospace, Smith Aerospace, Metaldyne, and Heraeus.