Vecna Robotics AGV Leasing Program Provides Tax Advantages

Leasing a Vecna Robotics’ automated guided vehicle, provides tax advantages. Under accounting rules, an operating lease is a tax-deductible overhead expense and lease payments are deducted from corporate income. Also, leased equipment does not have to be depreciated over years.

Section 179, one of the most important tax codes, allows manufacturers to deduct all (or part) of the cost of equipment that is leased and put into place before the end of the year. The only stipulation is that the equipment needs to qualify for deduction. The current Section 179 tax deduction limit is $500,000 on qualifying equipment, and the phase-out is $2 million. This was enacted through the Protecting Americans from Tax Hikes Act (PATH) that was signed into law in December 2015. In addition, the bill allows businesses to depreciate 40 percent of the cost of eligible leased equipment in 2018 and 2019.

Companies should get pre-approved for leasing Vecna Robotics AGVs with 24/7 IIoT Monitoring now to begin moving more and to move ahead by putting our advanced systems to work for you.

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Vecna Robotics announced a special pricing promotion in conjunction with MODEX 2018.  A special 5 percent discount promotion on the RT4500 tugger will be available if leased or purchased within 30 days following MODEX (no later than May 12, 2018). To take advantage of this 5 percent leasing discount promotion, get pre-approved for leasing at: http://bit.ly/2Cks7Bf Vecna is exhibiting and showcasing its AGV and IIoT Monitoring at MODEX 2018, April 9-12 in Atlanta, located at booth B4987.

About Vecna Robotics

Vecna Robotics (https://robotics.vecna.com/) is dedicated to helping companies better compete in today’s e-commerce driven environment with cost-effective automation that improves throughput in distribution and fulfillment. Its fleet of intelligent, next-generation robotic vehicles and AGV optimizes logistics and material-handling operations and work seamlessly alongside humans. With two decades of extensive research and development, Vecna’s case picking, goods-to-person, person-to-goods, robot-conveyor hybrid material handling systems are proven in the most challenging environments. 

Vecna Robotics is a subsidiary of Vecna Technologies, which was founded in 1998 in Cambridge, Mass. with a mission to empower humanity through transformative technologies. The company is dedicated to corporate citizenship and has donated more than 170,000 hours of community service, and team members spend up to 10 percent of their paid work week on a community service project.

Media Contact
Company Name: Vecna
Contact Person: Brent Watters
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Phone: 617-864-0636
Address:CAMBRIDGE CAMPUS 36 Cambridge Park Drive
City: Cambridge
State: Massachusetts
Country: United States
Website: https://robotics.vecna.com/