my sectiom 179 tax deduction

Scott Stone

Scott Stone

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I am a little hesitant to post these pictures. If you look close there are eight truck in this picture. There are three more in the warehouse, and three more coming.
I bought them for one account that I was low bid on, and had a protracted 6 month battle to receive approval to proceed. It was ugly, and we are working long days to be prepared to service this customer with exceptional service.
The trucks are Fords, the pressure washers are aaladins. These trucks are very basic, and simple, since my stormwater plan does not require waste water recovery.
 
Hey Scott why do you think I wanted you to get that special gift. The frustrations I have and still have because I can't disclose certain info yet so it made everything tough where I lost people on something that should have been easy ....I really meant what I said which was you really did give a ton to back to many... People can pray for this to happen to them all day and all night... But you have to earn it more ways then one. Good Karma works... Congrats and welcome to the major leagues.
 
Those are nice trucks Scott!

Did they come with the flatbeds or did you have to order them and install/have them installed?

Congratulations!
 
Phenomenal looking fleet Scott, Congrats, is any one of those truck units a dedicated backup?

and people wonder why ford are the best selling, they often get and give the best deal on the fleet accounts.
 
Don's deal was not the best on the machines, but, he wanted the sale the most, and was able to convince me that he would provide phenomenal service. So far, he has followed through on everything he said he would do.
I am fortunate, because I have a few people that are able to help with the service and repair of machines, plus, I am able to do nearly everything that is required. I do hate me some electrical, though.
Honestly, I don't know if Ford or Chevy was cheaper. I have always been a blue oval guy, and typically, have found the Fords to be more durable in commercial applications, at least for me. Every Chevy I have owned has blown the engine 6 months after I started using it, except for one. I ordered the trucks through the dealers fleet department. The fleet guy took great care of me, and arranged the flatbeds. That is typically part of the fleet departments job.
As for the bid, it was around $2.5 million a year. I won by less then 1% over the existing contractor, so I bid right, and did not leave much on the table.
FYI, This is a contract that requires a contractors license, that I received 7 years ago. I also would not have been able to pull this one off without some VERY clean books, and outstanding credit. I am really glad we managed our business in the way we have so we were able to get this done. It does make a difference when lenders are crawling all through your books seeing if you are running your business correctly, and honestly. If you are one to hide revenues to protect yourself from the IRS, you would likely not be able to pull this one off.
 
Congrats! You of all people deserve it Scott.

I mean that! Of all the people I have met in the last 6 years you are the most honest, decent and true guy I know anywhere.

However, I think I will just call you the "Tim Tebow" of pressure washing!

You Mormons have something going on, I am converting this week.

Kidding in a way but on a serious note the Lord has really blessed a deserving family, you and your family and your testimony of uncompromising faith are an inspiration to me.

Buddy I am proud of you and proud to know you as well.
 
If you find yourself with one too many trucks I have one of those flatbeds on my Christmas list already. LOL. Congrats Scott. That's one heck of a nice looking fleet. I Love it!
 
We hired thirty last week. Some of them were from the previous contractor, and some of them have a lot of pressure washing experience. No doubt, some will find the work too hard, or not to their liking. There is also a possibility they won't be to my liking, either.
 
That is awesome Scott, never seen quite a fleet like that for PW'ing before. I hope the job becomes very profitable for you!
 
DJ Carroll said:
All this for a one year contract ? Or is a Gov deal with the option to extend?
Click to expand...

Nope, I am not that stupid.it is a five year contract. Sometimes you need to remember that just because someone has told you that is the way it always is, it is not necessarily the way it always is.
 
Scott,

I remember those rapid growth days. They are allot of fun and allot of hassle. Either way take lots of pictures, lots of videos and make allot of memories. You have been blessed with a great contract. Squeeze every bit of profit you can from it and give a little away just for fun!

AC
 
These may be controversial but do you see why a contractors license can separate you from the others out there. I've had one for 16 yrs. And I had to show it just a handful of times but you never know when you will need it for that mother of a job or contract.

Same reasons why I join orgs. The biggest job I received was about $15,000 for a couple of weeks worth of work and the biggest RFP I ever did was thru the org which our Bid was over $2,000,000yr which we didn't get. Both of those was thru the PWNA and Tony Szabo's and I bid thru the UAMCC a $100,000yr bid which we both came down to the final 3. The next year because of the way this company accepted the bids when they called me I refused to do it again.. Because I won't do parking garages for under 4 cents a square half way across the country.

Everything counts.
 
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