|Write Off Equipment Purchases in 2011
The recently enacted “Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010” includes incentives for businesses to invest in software, machinery and equipment this year.
Until December 31, 2011, businesses can write off 100% ofpurchases for qualifying property placed in service after September 8, 2010. Generally, qualified property must be depreciable property/equipment, computer software, or leasehold improvements. Check with your tax advisor for more detailed explanations.
For tax years beginning in 2010 and 2011, a small business taxpayer will be allowed to write off up to $500,000 of capital expenditures under Section 179.
Leased or financed software and equipment qualifies for a deduction of the full purchase price even if the full amount is not paid this year. The tax savings can exceed the payment amounts, making this a very bottom-line friendly deduction.
ADS Solutions has partnered with Falcon Leasing to help you structure your software & equipment lease to take full advantage of the Section 179 tax credit. Falcon specializes in technology financing for small- and medium-sized businesses with competitive rates, a skilled staff and fast turn around.
Talk to your tax advisor for more information on this year's tax incentives. If you need help with financing your software or equipment purchase, call Kristen Bass at Falcon Leasing at 888.519.3544.
How to Take Advantage of the Most Important Free Web Listing Sites
Internet search results may seem as random as winning lottery tickets but smart business people can influence when and how their companies are displayed. Informative listings can directly affect the number of visits to the company web site and the sales counter - at no cost to you.
Don't leave customers' ability to find you to chance. Target your Internet efforts by concentrating on the most influential and popular services which are listed below. Create one or two web listings per day to direct more business your way.
Detailed Local Listings
Google, Bing, and Yahoo offer extensive, free listings that showcase your business's goods and services. It is worth the time it takes to sign up for a special account at each site. You'll receive a monthly summary showing how many people viewed your listing and what those people were looking for.
Google: places.google.com (select Places for Businesses)
Bing: bing.com/listings (select "Add a New Listing")
Online phone books are popular sources of businesses information that show little more than name, address, and phone numbers. These listings are important feeders that influence your company's ranking on online search sites. On these sites, it's often best to search for your business by name and phone number. You'll get the opportunity to edit the listing or add a free listing.
www.supermedia.com/business-listings (claim your listing or add a free listing)
Industry-Specific and B2B Business Listings
Make sure your trade association is listing your company information correctly. If there are there industry-related sites that you rely on, search for the opportunity to "add a business." The sites listed here are much-used business resources.
Dun and Bradstreet: iupdate.dnb.com (register to use iupdate)
Manta: manta.com (claim your profile)
Efforts Increase but Profits Unclear for Green Products
"Green" or environmentally friendly products are a growing segment for most industries but their profitability for distributors is unclear. In fact, 95% of the distributors surveyed by RSM McGladrey, Inc. in 2010 have focused on marketing these products to existing customers.
However, most distributors lack the analytics to measure the success of their efforts. A clear majority, nearly 60%, indicate the profitability of "green" products as "unknown." The rest of the respondents are split with 22% reporting lower profitability and 21% reporting greater profitability for this segment.