Masonry Magazine December 2016 Page. 21
SCAFFOLD PLANKS AND DECKING
plank I'm offering you is a better grade because the MOE is higher; therefore, it's the better product." Remember, the official grade is "SCAFFOLD PLANK," and the modulus of elasticity is merely one of the design properties, relating specifically to the stiffness rating. Of much more importance is the fiber bending value, which influences a plank's ability to support loads before fracture or failure.
There really is a science to the performance of wood products, and this is especially true regarding the overall performance and life expectancy of OSHA-compliant scaffold plank. Consider both design values, not just MOE, and then make an informed decision. IMAS
Mike Gilleran is CEO of
McCausey Specialty
Products., Roseville, Mich. He can
be reached at mikeg@mccausey.
com.
IRS Favors Business With Updated Tax Incentive
Budgeting is a daunting task for business owners, especially when it relates to large capital expenditures. However, if you are pondering whether to purchase new equipment or machinery this year, don't over think the matter. Be sure to ask your tax advisor about the updated Section 179 deduction offered by the Internal Revenue Service, because you may be able to deduct the entire purchase. Of course, there are some eligibility circumstances related to this incentive, but in general, if the new equipment is acquired exclusively for business use, you should be able to deduct up to the maximum allotment of $500,000. The purchase must be an integral part of your production or manufacturing and not for rental to other entities or affiliated companies. The spending cap on qualifying equipment purchases is $2,000,000, making this a true small-business tax incentive.
For more specific details, visit: www.irs.gov/publications/p946/ch02.html.
In light of the above, note that wood scaffold plank purchased for use by your own staff should qualify as an eligible property recognized under Section 179. Plank is deemed to be a type of equipment, similar to any other tool used by the construction trades. So whether your business is masonry work, plastering, or any other commercial or industrial trade, your next scaffold board purchase is
likely fully deductible. IMAS
Disclaimer. This article is not intended nor should be construed as legal ortax
advice. Please consult your tax professional.
Mike Gilleran is CEO of McCausey Specialty Products. He can be reached at
mikeg@mccausey.com. Undsey Powell is a construction attorney with Anderson
Jones Attorneys. She can be reached at lpowell@andersonandjones.com.
2200F MSR I.SE SURE-LAM
Jared Kennison Joe Kennison I Dick Kennison Sales, ext. '5 S,1les, tixl 1<1 " le ,., I 11
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18 I MASONRY � December 2016 � www.masoncontractors.org
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