2020 has been one of the most challenging and unique years in which to do business. With COVID-19, we all had to learn to adapt to difficult restrictions, find creative ways to reach our customers, and maximize our online operations and presence. It has encouraged us to see how businesses have made this year work for them as we take a variety of portable restrooms, including ADA restrooms, showers, and large bathroom options, across the nation.

Our portable restrooms have helped many businesses with operations during COVID-19. Large options help stores and shops to provide a socially distanced restroom option for visitors. They have also allowed warehouses, stock rooms, rest stops for transportation industries and more to give employees safe restroom options as well. Shower trailers have supporting frontline health care workers as they’ve worked tirelessly to save as many American lives as possible. 

Through all of the ups and downs of this year, portable restrooms have been there to support in a small but necessary way. As the year wraps up, we want to highlight the value in purchasing your portable restrooms before the year ends! 

This is your chance to not only take advantage of the Section 179 Tax Break, but also use the last of your CARES Act package! Learn a little more about these money-saving options for businesses, then contact us to get your portable restroom today. 

The CARES Act Covers Portable Restrooms

Learn about the CARES Act from the US Treasury:

“In response to the Coronavirus (COVID-19) pandemic, small business owners in all U.S. states, Washington D.C., and territories are eligible to apply for an Economic Injury Disaster Loan advance of up to $10,000. This advance will provide economic relief to businesses that are currently experiencing a temporary loss of revenue. Funds will be made available following a successful application. This loan advance will not have to be repaid. If a business received an Economic Injury Disaster Loan advance in addition to a Paycheck Protection Program (PPP) loan, the amount of the Economic Injury Disaster Loan advance will be deducted from the PPP loan forgiveness amount by SBA.

The SBA’s Economic Injury Disaster Loan provides vital economic support to small businesses to help overcome the temporary loss of revenue they are experiencing as a result of the COVID-19 pandemic. 

This program is for any small business with fewer than 500 employees (including sole proprietorships, independent contractors and self-employed persons), private non-profit organization or 501(c)(19) veterans organizations affected by COVID-19.

Businesses in certain industries may have more than 500 employees if they meet the SBA’s size standards for those industries.

The Economic Injury Disaster Loan advance funds will be made available within days of a successful application, and this loan advance will not have to be repaid.”

This loan can be used for any business need, and purchases can be tax deductible, making it smartest to spend this business loan before the end of the tax year. 

More Savings with Section 179 Tax Break

The savings don’t have to stop there! Pairing your CARES Act loan with the Section 179 tax break makes purchasing portable restrooms even more affordable, and time is running short.

As stated on the IRS website:

“You can elect to recover all or part of the cost of certain qualifying property, up to a limit, by deducting it in the year you place the property in service. This is the section 179 deduction. You can elect the section 179 deduction instead of recovering the cost by taking depreciation deductions.”

Using the Section 179 tax code, you can deduct the full purchase price of any equipment which qualifies and is purchased or financed during the tax year in question. What this means is if you buy or lease equipment (like portable restroom trailers), it is possible to deduct the full purchase price from your gross income. By adding up your total equipment, software, and vehicles purchased for your business in 2017, you can write off or expense up to 100% of the cost of a portable restroom for purchase for up to $500,000, and then 50% of the remaining balance up to $2,000,000! Leveraging this deduction allows businesses to jump on what they need now instead of waiting over the next few years by only writing off the depreciation values. With industry price increases on the horizon reaching 6-10%, this is just another reason to purchase now instead of waiting.

To learn more on the IRS website,click here.

Assets eligible for the deduction don’t need to be brand new, just new to you. This means that new and used restroom trailers are applicable. If you purchase a new portable restroom or shower trailer, we also offer a great one-year buy back program of up to 80% of the original purchase price based on unit condition.

To make this process easier for our customers, we have secured extremely attractive financing through our bank. We are offering 90 days same as cash with some of the best rates ever on portable restroom trailers and equipment. Contact us at 1-866-275-7092 to learn more about our financing offers. 

For more information, visit this site devoted to this tax deduction. Please make certain you also have an educated conversation with your tax preparer; you will need to fill out part one of IRS form 4562 for this deduction.

Get Your Portable Restrooms Today

Don’t forget that it is important you use your CARES Act business loan before December 31st to take advantage of additional tax savings. 

We are proud to be a leading provider of portable bathroom units and are here to help. What are your restroom needs? Do you have temporary staff in your facilities that your brick and mortar bathroom can’t quite service effectively? Run a campsite that needs a portable restroom option? Is there an upcoming outdoor event that could use a luxury restroom option? Contact us and let our team of experts find the perfect portable restrooms for you!

We encourage you to take the time to browse our large inventory - we have a variety of portable bathroom rental units that are unique to every need. Our collection of shower, locker, ADA, and many other rental and purchase options is vast and full of a variety of great options. Ready to book your rental or purchase? Send us a message or get a quote on the perfect trailers for your needs. Our team is here to help you and equipped to get you the tools you need for your business to succeed!