Friendly Systems Newsletter February 2012

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Take Advantage of Section 179 Deduction For 2012

Section 179 can change each year without notice (Section 179 has even changed mid-year), so it benefits you to take advantage of this generous tax code while it's available. Section 179 offers small businesses a great opportunity to maximize purchasing power. In addition, the recent Stimulus Acts have provided the small business owner with generous new (and higher) deduction limits. Most of the equipment your business will purchase, finance or lease qualifies for the deduction, so make sure you do your homework to verify that your company is leveraging the Section 179 Deduction this year.

The following can qualify for Section 179 treatment:

  • Equipment (machines, etc) purchased for business use
  • Tangible personal property used in business
  • Business Vehicles with a gross vehicle weight in excess of 6,000 lbs (Section 179 Vehicle Deductions)
  • Computers
  • Computer "Off-the-Shelf" Software
  • Office Furniture
  • Office Equipment
  • Property attached to your building that is not a structural component of the building (i.e.: a printing press, large manufacturing tools and equipment)
  • Partial Business Use (equipment that is purchased for business use and personal use: generally, your deduction will be based on the percentage of time you use the equipment for business purposes).

Sage 100 ERP (MAS 90/200) Tip - Using the Secondary Company Feature

Right-clicking on a menu option in Sage 100 allows you to open that option in a secondary company without changing company for everything else, including screens that you already have open.  This can be a great way to handle interruptions while minimizing the disruption to your workflow.  If you need a quick indicator of which screen is open for which company, you can set different screen colors for each company.

Who says football players can't be cute and adorable?

This is totally off topic but at the same time rather inspiring. Sam Gordon is a 9 year old girl who scored 25 touchdowns and made 65 tackles in a boys football league.  So go do something no one thinks you can do.

Happy Thanksgiving

Friendly Systems will be closed for Thanksgiving and also the Friday after, November 23. Black Friday actually starts Thursday night, so skip watching the Jets embarass themselves and get shopping!  



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