JOHN MCKEOWN

VICE PRESIDENT

As a boy in Northeast Philadelphia, John McKeown grew up around the PHVAC industry.

At an early age, he began helping his father install boilers.  Under his direction, John learned the important role the PHVAC industry plays in providing seasonal comfort to the masses and why installing and maintaining the equipment properly is essential.

A 1982 graduate of Walsh University in Canton, Ohio, John earned a Bachelor of Arts in Business Management and continued in his passion for basketball. In recent years, inducted into his high school and grade school’s Halls of Fame, John also took his turn on the court with the junior college’s national championship basketball game as a forward. John still holds great memories of playing in that storied game, in front of a capacity crowd.

Shortly after graduation, John realized the PHVAC business was where he wanted to be. His first job after college was with the Burnham Corporation in outside sales. In 1997, John was awarded National Salesman of the Year at Weil-Mclain for achieving the highest level of sales in his division.

“I am very proud of our accomplishments and attribute our success to our valued vendors, customers and our hard working, dedicated associates.”

In tandem with sales, John gravitated to training and mentoring others just entering the business. As a result, he began pursuing industry certifications which would allow him to transition into a full-time trainer role for many of the company’s HVAC product lines.

John is a certified trainer of hydronics, steam, and condensing systems. In this role, he enjoys bridging the divide between the technical aspects of the business with the art of the sale. He also receives tremendous satisfaction as a resource to those he has trained and the relationships he has built.

In 2003, John joined the manufacturers’ representative Primary Sales as partner. Six years later, Primary Sales principals sold the business and its assets to Keystone Sales & Associates (KSA). Today, John remains in partnership with KSA and spearheads the training programs delivered through Keystone University.

Married for 30 years, and the father of three girls, John still mirrors much of his father’s influence in the way he teaches contractors today.

“I am very proud of our accomplishments and attribute our success to our valued vendors, customers and our hard working, dedicated associates.”

Section 179 Tax Deduction

For the 2016 tax year, the Section 179 Tax Deduction Limit has been raised back to $500,000, the increased level in effect in 2013 and is not reduced until the cost of section 179 property placed in service exceeds $2 Million.

Understanding The Section 179 Deduction. Click this link to see how Section 179 can benefit your business in 2016.

What you should know:

  • 2016 is a great year to buy and save on used machinery!
  • 2016 Expense Deduction Limit has been raised to $500,000
  • 2016 Limit on Capital Purchases = $2 Million
    Section 179 Threshold for total of equipment & software that can be purchased has increased to $2 Million (threshold would have been only $500,000 prior to the new legislation).
  • 2016 Bonus Depreciation = 50%
    The new law allows 50% “Bonus Depreciation” on qualified assets placed in service during 2013 and 2014.

Please note:

  • Section 179 Deduction applies to most new and used capital equipment, and also includes certain software.
  • Bonus Depreciation only applies to new equipment (no used equipment, no software)

When applying these provisions, Section 179 is generally taken first, followed by Bonus Depreciation – unless the business has no taxable profit in the given tax year.

Sample Savings*

Original Equipment Cost: $500,000

2016 Potential Tax Savings: $175,000

Final Equipment Cost: $325,000

Cash Savings on Equipment Purchase: $175,000

*Assuming a 35% tax qualifying purchase

 This information does not constitute tax advice. Please check with your tax advisor on how this applies to your business.