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Fitting function and expanding space
InPlant Offices, Incorporated (InPlant) manufactures the widest product range in Modular Building Systems to fit your needs. InPlants Wall systems are available in
1-3/4inch or 3 inch thickness and structural systems are available in either anodized extruded aluminum or painted steel. Based on the environment and purpose of your Modular Building or
Partition System, InPlant will customize a Modular Office, Enclosure or Booth for you. Maximize your valuable space with clear spans up to 40´ wide in non-load
bearing applications; or expand vertically with a second story; or have a load-bearing roof with load capacities up to 125 lb per square foot to utilize the roof space for a
storage or production area.
Durable products maximize the return
Your Modular In-Plant Office can be expanded, reconfigured, or relocated as your company evolves and its needs change. The design of our Building Systems and
Partitions will remain non-progressive. After installation or years later, Wall Panels can be upgraded or replaced to include Wall Systems with windows or doors without
disturbing an adjacent section. With our productâs modular flexibility to update and reconfigure your structure, youâll lower future spending, and maximize the return on your investment through
many years of service
Why Modular - What are Modular Offices?
A modular office is a building that is constructed to serve as an office or other enclosure, but is not connected to a permanent foundation on the ground. These
offices are often used as spaces, but can also be used as overflow areas or even permanent work areas, depending on the need. Typically, they cost less to buy and build than more traditional office
buildings. Modular offices can also refer to temporary walls and structures within a more traditional building.
Modular construction is simpley a construction type that is based on standardized dimensions or units. As such, construction can be accomplished more quickly. This is
opposed to more traditional construction which usually takes place on site and is more complex in nature. Though some may not believe the aesthetics of a modular office are comparable with a
traditional office, they both accomplish the same goal with similar structral integrity.
A modular office can be both portable and permanent, or at least semi-permanent. Portable modular offices are often seen at construction sites and other locations
where temporary events are taking palce. More permanent modular offices can be put nearly anywhere, and even constructed in such a saw that they attach to permanent structures. The modular office
building may include electrical and plumbing hookups for restrooms and even small kitches.
The current tax laws allow very favorable depreciation on all modular office products. These products qualify for a 7 year depreciation period while convention
construction is depreciated over 39 years. Conventional construction, by its nature, becomes a permanent structural addition to a building, and thus it is classified as a real property with the
longer 39 year depreciable life.
Understanding the 2017 Tax Advantage on an In-Plant Modular Office, Building or Enclosure
The current tax laws allow very favorable depresication on InPLant Offices product line, Modular Offices, Portable Buildings, Equipment Enclosures, and Elevated Work
Platforms. Modular products qualify for a one year depreciation period in 2017 under Section 170 of the tax code, up to $500,000, while conventional construction is depreciated over 39
years.
Standard building construction is an immovable and permanent part of your real estate. Its known as conventional construction and is classified as real property with
a 39 year tax depreciation
InPlant modular building products are non permanently installed, portable and movable. Their modular flexibility allows for expansion, reconfiguration or relocating.
This mobility under the Modified Accelerated Cost Recover System (MACRS), allows your InPlant products to be classified as tangible property with a shorter depreciable life.
EXAMPLE: Assume you purchase a new office with a cost of $40,000 purchased and put into service before December 31, 2017. At the end of one year, your InPLant Modular
building System will be fully depreciated, reducing your taxable income bu the original cost of $40,000. Conversely, conventional construction would be depreciated by only 2.5 percent, reducing
your taxable income by only $1,025. Therefore, by selecting the InPlant modular Building System, you gain an additional $38,975 tax deducton in the first year.
|
Construction Method
|
Investment Depreciation
|
First Year Deduction Amount
|
Estimated Tax Rate
|
2017 Tax Savings
|
|
InPlant Office Modular Product
|
$40,000
|
$40,000
|
34 percent
|
$13,600
|
|
Conventional Construction
|
$40,000
|
$1,025
|
34 percent
|
$348.50
|
Assuming a 34 percent tax rate, the difference of your tax savings invested $13,600 one deposit or $348 yearly contribution, and 5 percent for the remaining 38 years
would approximately return $86,842 verses only $41,597.
Sample Pricing (prices are for example only, actual price will variy depending upon customer needs.)
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An 8ft X 8ft guard shack cost would be $9,865.
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A 10ft X 20ft interior office building with a door, 2 windows, standard electric, standard lights and a window unit would be $7,630
