OSHA Report; The Cost of Not Protecting Our Workforce

A report generated by OSHA highlights the real costs associated with on the job injuries, who pays them and how this impacts the employee and taxpayers.

Whether an employee is working on a high-rise building or operating an excavator, employers have the responsibility, and what we feel is an obligation to protect their employees from injury. By investing in training and safety, employers get fewer injuries, lower costs, more productivity and an improved satisfaction which often leads to less turn over. But all companies do not feel that way. Many are finding ways to avoid responsibility for providing safe working conditions for their most dangerous jobs.

The report highlights what some companies do to avoid responsibility and what this does to not only the employee, but his/her family and taxpayers when an accident with injury occurs. Shifting the financial burden however does not make it go away. It shifts it to over-burdened worker’s compensation and government systems. In addition, a worker who is injured can expect to make an average of 15% less income after the injury. And while the creating of OSHA in 1970 by President Nixon has greatly reduced on the job accidents, injuries and deaths dramatically, we still have approximately 4,500 deaths every year due to workplace accidents.

As a full-service heavy-equipment distributor, safety is one of our most important topics. Our equipment can be dangerous to operate and to service, which is why we place a high priority on safety for our employees and our customer’s employees. While manufacturers work hard to innovate and make them safer, nothing can replace a well trained and cautious employee.

Report – The Cost of Not Protecting Workers

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Komatsu Adds 2 New Tier 4 Off-Road Haulers

Increased horsepower, reduced fuel consumption, improved access, and all new operator environment

HD465-8 and HD605-8

Rolling Meadows, Ill., November 3, 2016 – Komatsu America Corp., a leading global heavy equipment manufacturer, today introduced the new HD465-8 and HD605-8 off-highway trucks.  Equipped with EPA Tier 4 Final certified engines, these latest additions to the rigid frame truck family combine increased horsepower and the Komatsu Traction Control System (KTCS) to provide improved productivity. These models have payload capacities of 61 U.S. (short)/55 metric tons and 69.4 U.S. (short)/63 metric tons, respectively. They replace the HD465-7 and HD605-7 models.

The new trucks feature a Komatsu SAA6D170E-7 engine that has increased to 724 HP (540 kW) and reduced fuel consumption for the HD465-8 by up to seven percent, and the HD605-8 by up to 12%, compared to their predecessors.  Machine access is improved with sloped stairs and handrails in front, to replace the previous ladder configuration.

For HD465-8 and HD605-8 machines, Komatsu Traction Control System (KTCS) is now standard. KTCS automatically applies independent brake assemblies to achieve optimum traction in varying ground conditions.  Because the system operates without the need for differential lock-up, steering performance is not compromised.

Other new standard features for both truck models include a seven inch, LCD color monitor, dedicated rearview monitor, fast-fill fuel system, an engine compartment light, and a premium heated and ventilated operator’s seat with air suspension.

“With an increase in horsepower and improved fuel economy, the HD465-8 and HD605-8 are designed to maximize production efficiency,” said Rob McMahon, product marketing manager for Komatsu America. “With enhancements to the cab layout and maintenance access, combined with new technology features, these trucks have something everyone will like,” McMahon said.

Read all the new specs and features of these new Komatsu Haulers at our website.

Takeuchi Fleet Management Service Now Available on Takeuchi Machines

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Atlanta, GA: Takeuchi-US, a global innovation leader in compact equipment, has launched a new telematics system, Takeuchi Fleet Management (TFM). This is Takeuchi’s first step in a multifaceted initiative to know their customers better. Now available at all local dealers, TFM hardware is standard equipment on select excavators and track loaders in the Takeuchi lineup.

With the launch of TFM, Takeuchi along with their dealers and customers will have visibility into their equipment like never before. The new monitoring system checks the health of Takeuchi equipment and minimizes costly repair calls with real-time machine information.

Features include remote diagnostics that reduces service trips by capturing run hours and equipment data. Utilization tracking allows the operator to make decisions based on actual equipment use, while also scheduling maintenance based on run hours. This saves time, parts and money by avoiding unnecessary maintenance. In addition, TFM minimizes cost with the precision to identify the problem as soon as it starts. This allows the service person to bring the correct tools and parts the first time, limiting any downtime.

“We are very excited about the new TFM feature and we believe it will provide operators with increased value, a greater capacity to maximize profitability, reduce downtime, and improve efficiency,” said Jonathan Martinez, project manager at Takeuchi-US. “There are so many benefits to the TFM system, including eliminating any guessing game to make TFM users aware of any issues in real-time. This is a great new addition to our lineup.”

Machines equipped with TFM hardware as standard equipment will also include the service through the standard warranty period. To learn more, visit our Takeuchi Excavators Showroom,  Takeuchi Loaders Showroom, Takeuchi Skid Steer Showroom. Visit our website at www.brandeismachinery.com for quotes and more information on Takeuchi equipment.

Section 179 is Back and Improved for 2016

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Congress has approved much needed improvements in Section 179 which allows companies, like yours, the ability to completely deduct the purchase cost of equipment the first year it is put into service. The new limits are:

Maximum 179 Deduction for 2016: $500,000

This means for qualifying equipment purchases of up to $500,000, your company can deduct 100% of the purchase price from its taxes the very first year it is put into service.

Further, this maximum will be increased annually, with the maximum tied to inflation, at $10,000 increments.

Bonus Depreciation; Maximum Qualifying Purchases: $2,000,000

Once you exceed the maximum deduction of $500,000, bonus depreciation kicks in at 50%, until you reach the maximum qualifying purchases of $2,000,000. For example, if you spend $1,000, ooo on new equipment, you can fully deduct the first $500,000, then deduct 50% of the remaining $500,000 for a total tax deduction the first year of $750,000.  It then begins to phase out dollar for dollar until you reach $2,500,000, where it is then completely eliminated.

Bonus Depreciation will be extended through 2019. Businesses of all sizes will be able to depreciate 50 percent of the cost of equipment acquired and put in service during 2015, 2016 and 2017. Then bonus depreciation will phase down to 40 percent in 2018 and 30 percent in 2019.

Note: The section 179 deduction applies to NEW and USED equipment whereas the bonus depreciation is only available for NEW equipment.

What that means to the purchase price of a NEW, $650,00o piece of equipment? Assuming your company is in the 35% tax bracket, your effective cost, after deductions could be as low as $443,000! See our example on our 2015 Bonus Depreciation Flyer

With Section 179 in effect for the remainder of 2015 and all of 2016, and beyond, there’s never been a better time to invest in new equipment for your operation. Visit our new equipment webpage to view our many lines of heavy equipment.

Note: We always suggest you consult your accountant or tax professional before you utilize section 179 for tax savings. Not all companies are structured the same and your savings may vary.

To learn more about Section 179, please visit; www.section179.org.