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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Your Cell Phone Is Zapping Your Self-Worth

“Ergonomics” is a term often used to describe the posture-supporting comfort of a desk chair or a driver’s seat. Your posture certainly plays an important role in your health and productivity, but it seems that posture also has a significant effect on your attitude. The right chair will keep you productive all day, but other productivity devices – iPhones and laptops – may be slowly destroying your confidence and self-worth. Harvard Business School professor Amy Cuddy, writing in the New York Times, says, “Your physical posture sculpts your psychological posture.” When we hunch over our cell phones or laptops, we are mimicking the look of a depressed, insecure, unassertive person.

Cuddy points to one study in which people sat in either a slouched position or an upright position while they answered questions in a mock job interview. The slouchers reported a high degree of fear and a feeling of low self-esteem, compared to the subjects who sat upright. Another study showed poor memory retention in subjects who were hunched over.

Apparently good posture leads to good self-esteem. Imagine that: feeling assertive just because your desk keeps you from slumping over your laptop – Swiftspace’s Shape, for example. And now imagine your entire team feeling assertive and productive. Could good posture be one of the keys to a successful business?

 

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Space Race: Tech Start-Ups Feel the Office Space Squeeze

Technology sector growth isn’t slowing down one bit. As venture capital drives up Silicon Valley rental rates, tech companies scramble for office space that not only accommodates their growing staff but reflects their company culture and attracts employees.

Even well-funded start-ups often find themselves working in less-than-optimal spaces. One new company had to settle for a room over a carwash, while others have turned live-work lofts into work-work lofts. Bay Area office space expert Jenny Haeg notes that tech start-ups are always on the move. If they’re successful, they outgrow their space and move to new offices; if they fail, another start-up will take over the vacancy.

Regardless of their prospects, tech start-ups have embraced flexible space utilization, installing mobile reconfigurable furnishings that adapt to a variety of work functions. And more than any other industry, the tech sector tries to inject a sense of fun into the workplace, even if it’s adjacent to a carwash. Writing in the New York Times, Vindu Goel reports in depth on the challenges of the Silicon Valley space race: http://nyti.ms/1Gm3e6x

 

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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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Adaptability – Any Way You Arrange It, It Spells Success

Any biologist will tell you that adaptable species are the ones that survive. Similarly, space planners know that an adaptable office environment is the one in which employees don’t just survive, they thrive. And as employees thrive, so do the businesses they work for. New research by Steelcase [http://bit.ly/1CnkZgt] shows that productivity calls for a balance between collaborative space and private space. The ideal office environment will adapt easily, allowing for both collaboration and privacy for a varying number of employees as work teams grow or shrink and staffing needs shift.

The dinosaurs didn’t adapt well, but businesses today are finding ways to avoid the fate of T. rex by installing modular, adaptable workspaces, and surviving with style.

 

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