By Small Business for Small Business
January 2026 Vol 9 Issue 1
Table of Contents
- IRS Tax News
- Insurance Costs & Savings for Small Business
- White House Watch
- Osha News
2026 Section 179 Checklist for Towing Companies
- Confirm eligible tow trucks (GVWR > 14,000 lbs for full expense benefit).
- Verify trucks/equipment purchased and placed in service in 2026.
- Check if vehicles are U.S.assembled for expanded eligibility. January 2026 Vol 9 Issue 1
- Know 2026 deduction limit: approx. $2.56M; phase-out at ~$4.09M.
- Ensure business use exceeds 50% (maintain logs/dispatch records).
This is a paid publication emailed to the address you provided at time of subscription. Please contact us at 800-488-6247 for any address updates, missing issues or to manage your account. You may also Place all qualifying assets in service by Dec 31, 2026. Plan upgrades if revenue or tax rates are expected to rise. email us at info@sbtnu.com
- Apply bonus depreciation (~20% in 2026) after Section 179.
- Include tow equipment: winches, booms, dollies, dispatch systems.
- Document invoices, financing, service entry dates, mileage logs. This is a paid publication emailed to the address you provided at time of subscription.
- Place all qualifying assets in service by Dec 31, 2026.
- Plan upgrades if revenue or tax rates are expected to rise.