The Section 179 Tax Deduction

As we approach the end the the calendar year, many of us are looking at new and/or used equipment that will help us continue to grow our businesses. There are several tax advantages for purchasing equipment now. 

Below you will find  helpful information from www.section179.org that can be used as a resource when looking for information on tax deductions for equipment.

2011 is the Year to Do It!

Due to the extension of Section 179 under the 'HIRE Act of 2010' - the enhanced limits under the 'Jobs Act of 2010' - and the recently enacted 100% Bonus Depreciation under the 'Tax Relief Act of 2010' - you can basically write-off 100% of all the equipment and software your business needs to buy or finance this year!

Section 179 can be extremely profitable to you, so it is to your benefit to learn as much as possible. To begin, you probably have a lot of questions regarding Section 179. Questions like:

• 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? 

  
News Alert

Nov 3, 2011   Important 4th quarter tax planning implications. 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.

 

Your Section 179 Deduction Questions Answered

How To Route NovAcryl PT Series Photopolymer

NovAcryl PT Series Photopolymer is constructed with a clear PETG (Polyethylene Terephlalate Glycol) base. PETG is a thermoplastic and machines differently than other materials like Acrylic. The most notable difference is that PETG does not chip or shatter and requires a different routing bit, feed rates and spindle speeds when compared with other substrates. 

ROUTING RECOMMENDATIONS:  

We suggest using the 13000 Series Spiral "O" Belin Yvon S.C. Router Bit. For 1/8" NovAcryl use Tool# 13317 - CED 1/8", CEL 1/2", SHK DIA 1/4", OAL 1-1/2" at RPM 18,000 with a Feed Rate of 140. 

To place a bevel, we suggest using Belin Bevel 00182 CC05 QL.

The link to Belin's website is www.belintools.com. The bits referenced can be located on page 5.

National Small Business Week 2011

This is week is National Small Business Week. This is an opportunity to recognize small business across the country and the contributions small businesses make to society as whole. 

• approx. 27.2 million small business in US
• 50% of American work for or own a small business
• 60%-80% of new jobs growth
• drive innovation, growth and competitiveness

We also want to look at new ways to keep and/or get business growing by looking at new technologies and growth opportunities within our markets. One way to do this is to continue manufacturing more products in-house like ADA complaint photopolymer signage.

Nova's processing equipment is build in our manufacturing facility located in Bryan, OH . Bringing this technology in-house supports your opportunity to grow as well as supports another US based manufacturer. 

Processing photopolymer has a low cost of entry, requires no licensing fees, has a short learning curve, utilizing existing equipment and processes and yields a higher quality and more profitable product than competitive methods like applied while integrating seamlessly into any production workflow.

So, if you're in the sign industry than you're either a small business or work with many. This week we can be proud to be major part of the economy while helping everyone navigate through their day. 

--MS

Adheso-CUT Tape Dispener Adjustments

The Adheso-CUT Tape Dispenser is designed to automate the cutting of narrow width adhesive tapes like VHB and Acrylic adhesives. The cutting device has a couple of light sensors that need to be adjusted in order for the unit to work in AUTO Mode.

Follow the step below to make these adjustments.

1. The tape must be over top of the sensors in the cutting device which is pictured below.

2. Adjust the sensitivity of the sensors by turning the adjustment screw on the bottom of the device.

If you are still having trouble after adjusting the sensitivity, you can cover the sensors with a piece of opaque tape. The idea is to cover the sensors so the unit thinks the tape running over them. This will allow the unit to stay in AUTO Mode.

Please contact Nova Customer Service with any questions.

--MS

KONGSBERG I-XL: PERFECT FOR SIGNS AND POP

The Esko Kongsberg i-XL digital finishing system delivers record-breaking productivity and versatility which is always important - especially now. The table is easy to operate, comes with excellent tools for any application and has an unsurpassed track record for durability.

The Kongsqberg i-XL comes with tooling specifically for the sign and display market, and offers perfect registration. This gives you the combination you need to finish anything from papers, styrene, PVC and foam boards to the most demanding applications such as acrylics and environmental boards. 

The device works well for cutting the complete line of NovAcryl® material offerings and integrates seamlessly with .DXF or outline files from WorkFlow Manager™.

Click the image below to watch the video.