A Tax Deduction To Give Thanks For – The Sec. 179 Rule

It happens every year around this time – the season for end-of-year tax deductions. The Section 179 tax rule gives businesses an opportunity to write off as much as $500,000 in new and used equipment costs. Equipment or software purchased and put into service by December 31st is deducted from your business’s gross income – it’s as simple as that. And depreciation boosts the total tax reduction even more.

The tax experts at Section179.org provide in-depth information on this valuable tax strategy, and the calculator from Crest Capital shows the savings.

The key phrase in Section 179 is “put into service.” With only a month left in 2016, many kinds of business equipment simply can’t be delivered and put into service before the end of the year. The good news: There’s a wide variety of high density storage, RFID systems, and modular furnishings on a quick-order program. Talk to your tax advisor, then talk to your local storage professional to find out which new and efficient storage systems can help your business qualify for this attractive deduction. Don’t waste a minute!

 

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Santa’s Little Helpers: Amazon’s Robots

It’s no secret that Amazon’s warehouse management is state-of-the-art. In its pursuit of ever-faster fulfillment, Amazon has started using a robot-assisted picking system named Kiva. Dave Clark, Amazon’s V.P. of worldwide operations, says, “Kiva’s doing the part that’s not that complicated. It’s just moving inventory around.” People do the part that requires judgement, confirming that the item is the correct one (and whether it meets Santa’s standards).

In additional to efficiency gains, one of the great benefits of the robotic system is a net gain in storage space – robots don’t need aisles. Storage racks can be condensed to increase capacity without expanding the warehouse’s footprint – a cost-savings gift that keeps on giving throughout the year. Read the full story at: http://wrd.cm/16KebkB

 

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Your Gift from the IRS: The Equipment Purchase Deduction

As the song says, “It’s that time of year,” time to take advantage of Section 179, the tax rule that allows you to deduct the full purchase price of business equipment, up to $25,000. New equipment put into service before December 31st can be deducted from your business’s gross income under Section 179. It’s that simple. And everything we provide – high density storage systems, RFID systems, materials handling equipment, for example – qualifies for the deduction.

More good news: When you add in depreciation, the total tax reduction is even greater. This calculator shows the savings: http://bit.ly/11RTHn5. Check with your tax professional, then give us a call.

 

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The Museum Collection Without A Museum: The Center of Military History

In an obscure corner of Virginia’s Ft. Belvoir is a secure climate-controlled warehouse filled with the U.S. Army’s accumulated treasure of museum-quality military artifacts. Aisle after aisle of mobile high-density storage cabinets are filled with historic weaponry. Rows of air-tight cabinets contain thousands of uniforms and insignia, antique and modern. Rack after rack of rolling frames support 16,000 works of art, with soldiers’ paintings hanging beside one-of-a-kind Norman Rockwells. The collection is a military history buff’s fantasy, carefully preserved and thoroughly catalogued. And other than its curators, no one ever sees it – because there’s no museum to exhibit these extraordinary artifacts.

A museum is in fact in the works, but today it exists only on paper. The Army Historical Foundation is raising money to build the museum, called The Center of Military History, and they’ve raised $76 million of the $175 million needed to bring the vision into reality. In the meantime, the treasures remain safe – and hidden – in state-of-the-art storage. Read the full story here: http://bzfd.it/1tdRpdL.

 

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