Get the Full Tax Break on Your Swenson Shear Machine This Year

As a roofing contractor, you know that having the right tools can make all the difference on the job. A reliable standing seam tool like The SnapTable PRO® Hyper-Lite from Swenson Shear can help you cut metal seam roofing panels quickly and accurately, saving you up to 35% on time and labor costs. But let’s face it, making that investment may seem like a stretch for a small contracting business. That’s where Section 179 of the IRS comes in.

What is Section 179?

Section 179 is a tax deduction that allows businesses to write off the full cost of qualifying equipment, like The SnapTable PRO® Hyper Lite, in the year it’s purchased and put into service. This means you can deduct the entire cost of the machine from your business’ taxable income, instead of depreciating it over several years. It’s a great way to get a big tax break upfront, which can improve your cash flow.

How Section 179 Works

Normally, when you buy a piece of equipment for your business, you have to spread the cost out over several years through depreciation. But with Section 179, you can deduct the entire cost in the year you buy it, up to a certain limit.

There are a few things to keep in mind though. 

1. First, you have to use the machine for business at least 50% of the time. 
2. Second, you have to put it into service by December 31st of the tax year you want to claim the deduction. 
3. And third, if you spend more than $3,130,000 on equipment in a year, the deduction starts to phase out.

It’s important to note that the Section 179 deduction is limited to your business’s taxable income for the year. If your deduction exceeds your taxable income, you can carry forward the unused portion to future tax years.

Swenson Shear’ SnapTable PRO Hyper-Lite and Section 179

So how does this work with The SnapTable PRO Hyper-Lite by Swenson Shear? Well, this machine is built tough for metal roofing contractors like you. They’re made in the USA with high-quality steel and can handle just about any standing seam metal roofing panel profile.

Plus, The SnapTable PRO Hyper-Lite is designed with your bottom line in mind. It combines 3 machines in one so that you can cut, hem and notch on-site, without the need of electricity and with as little as one operator. That means you can get factory quality cuts, and more jobs completed in less time, saving you time and labor costs.

Financing Your SnapTable PRO Hyper-Lite

You may be thinking that this upfront investment sounds like a lot of money to spend on a metal cutting machine. But here’s the thing – you won’t necessarily have to pay for it all upfront since Swenson Shear also offers financing to its customers.

To qualify for Section 179, your roofing business typically needs to have been operating for at least two years and have a good credit history. This can be a great way to acquire a labor and time savings tool like the SpanTable PRO Hyper-Lite while still benefiting from the tax advantages of Section 179.

Of course, you’ll want to talk to your accountant or tax pro to make sure you qualify and to figure out the best way to finance your machine. But the bottom line is, Section 179 from the IRS can help you write off that big purchase faster, whether you pay cash or finance it.

How to Get Started and Claim the Section 179 Deduction

To take advantage of the Section 179 deduction for your Swenson Shear purchase, follow these steps:

1. Buy your SnapTable PRO Hyper-Lite and put it into service for your roofing business before December 31, 2025.
2. Ensure the machine is set up and ready for use by the end of the year to meet the “placed in service” requirement.
3. Keep detailed records of the purchase, including the invoice, proof of payment, and when you started using the machine for business.
4. Work with your tax professional to complete Form 4562, which is used to report your Section 179 deduction and depreciation for the year. This form will be filed with your 2025 tax return.
5. Claim the deduction on your 2025 tax return. The write-off will reduce your taxable income for the year, resulting in substantial tax savings.

Making the Most of Section 179

So how can you make sure you’re getting the most out of Section 179 for your roofing business? Here are a few tips:

1. Plan your purchase so you can put your new machine into service by December 31st. That way, you can claim the deduction for this tax year.
2. Keep good records of when you bought the machine, how much you paid, and when you started using it for business. You’ll need that info for your taxes.
3. Talk to your tax professional about how Section 179 fits into your overall business tax strategy. They can help you figure out if it makes sense for you and how to claim it on your return.
4. Check out Swenson Shear’s website to see their latest models. They have a range of other specialty metal cutting tools to fit different budgets and cutting needs.

The Bottom Line

At the end of the day, investing in quality equipment like a SnapTable PRO® Hyper-Lite is an investment in your roofing business. And with Section 179, you can get a big tax break on that investment in the first year, which can help you keep more of your hard-earned money.

So if you’ve been eyeing a new SnapTable PRO Hyper-Lite, now might be the time to pull the trigger and start the year right!. Talk to your accountant, check out the Section 179 Calculator to estimate your savings, explore Swenson Shear’s lineup of metal roofing cutting tools, and take your roofing business to the next level.