Connections
New Year, New Plans
As the holidays approach this season, many businesses are looking for that special gift of holiday spirit to send to their clients, business partners, employees and/or affiliates. However, finding that “special gift” has become increasingly more difficult as time progresses–and with a new year approaching, companies need a “special approach” to remain competitive, efficient and prepared for the new fiscal quarter (Q1 2012).
With the dawn of cloud-computing now in full swing (and with the over-commercialized use of the internet), many people feel as though society has become less involved, and less interactive on an offline-basis than in years previous…
When holiday seasons begin, businesses are asking themselves:
HOW CAN WE. . .
- Increase our production efficiency
- Expand our consumer awareness
- Improve our customer loyalty
- Maintain & Develop our business relationships
- Strengthen our strategy for the next fiscal year
Well, as people are moving away from the offline-basis of communications, hosting a corporate event may be the “special gift” your company needs. Providing a nominal, relaxed and seasonal event is an excellent way to boost overall business reputation and a great way to reward your hardworking team of hands. But why not go the extra step, why not surprise your employees, your loyal clients and your long standing business partners. With the new fiscal year approaching, and with the tax incentives of Section 179, your business has the potential to prepare well, in fact, so well you may change your nominal, seasonal corporate event into an astounding New Year’s Celebration.
However, to pull this off your going to need visit lloydsofindiana.com for all of your laminating, binding, paper handling and graphic finish needs, and then you may want to gather some invitations from GoPromoting.com to keep your event planning at its best. ‘And for the remainder of your party supplies, you may try a friendly, sociable store around your local area. Or you could just visit CustomPrintProducts.com for all of your specialty printed signs, banners and displays.
No matter what your plans are for this year’s events–time is still ticking–and great savings and Section 179 Advantages end this year! So hurry up and get your planning done, and finalize those year end sales, its your time for fun.
SECTION 179 TAX ALERT
Dec 1, 2011 Important 4th quarter tax planning implications – to take advantage of the incentives, you must act by the end of this month. Both the ‘Tax Relief Act of 2010′ as well as the ‘Jobs Act of 2010′ that passed in late 2010 affected Section 179 in a positive way for this 2011 tax year. The newest changes are as follows:
- The Section 179 Deduction limit increased to $500,000.
- The total amount of equipment that can be purchased increased to $2 million. This includes most new and used capital equipment, and also includes certain software.
- “Bonus Depreciation” increased to 100% on qualified assets. However, this can be taken on new equipment only.
When applying these provisions, Section 179 is generally taken first, followed by Bonus Depreciation – unless the business has no taxable profit in 2011.
Also, many businesses find Section 179 Qualified Financing to be an attractive option in 2011.
- What is Section 179?
- What equipment qualifies for the Section 179 Deduction?
- Any difference between Section 179 & Bonus Depreciation?
- Can I lease equipment and still qualify for Section 179?
- Does software qualify for Section 179?
- What impact did all the Stimulus Acts have on Section 179?
- How do I elect to take the Section 179 Deduction?
For additional information about Sect 179 please visit www.Section179.org.
Lloyd’s of Indiana, Inc. is a supplier of graphic finishing products including laminating, binding, paper handling and other finishing equipment. We offer a complete line of printers, supplies and accessories for identification and Id badge printing.
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