Section 179 deductions...sounds boring but it can save you a
ton of dough if you simply take advantage. What it says, according
to the IRS, is that if you buy or lease equipment and place it
into service before the year end, you can deduct the full
amount from your gross income for 2008, even if you don't
start paying until next year.
Click Here for an online calculator to do some what-if
scenarios. (Scroll to bottom of page.) Of course, check with
your accountant as you would with any financial decision.
You'll see the advantages are tremendous and depending on
your tax bracket, investments this year will give you large
cash savings.
"Buy + Refi"
Leasing companies are also very creative. Most will let you
make a purchase of a new or used piece of equipment, then
roll an existing lease or loan into a new lease/loan with
lower interest rates and longer terms.
Deferred Payments
If for instance, you don't start paying until March 2010,
you still get the equipment delivered this year and
you still get the Section 179 savings this year. Most
leasing companies are offering some deferred payment plan.
Bottom line is, you've got some powerful leverage
available...it's one of the few things our leaders have
done right. We all know the odds of them taking
away something really useful to the economy and
the country are pretty good, so I urge you not to
delay if you're even close to a purchase.
Talk to your leasing or loan company, or reply to this
email for a few referrals of companies who specialize
in this.
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Help Wanted
Experienced folder operator wanted in Tampa FL.
Should have experience in glue folding. Night shift 10pm to 6am.
Company offers paid health insurance after 90 days,
401k with 3% employer contribution after 1 year,
one week vacation after one year.
Relaxed, casual work atmosphere.
Contact Ron Sheldon (813) 886-5597 x 237
or email rsheldon@ammsusa.com
If you have a Help Wanted or a Situation Wanted
position, we'll list it at no cost both here and in the
print version of Bindery Success, space permitting.
Just reply to this email or forward your listing to
classified@technifoldusa.com
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Point of View
Happy, happy Christmas, that can win us back to the delusions
of our childish days; that can recall to the old the pleasures
of his youth; that can transport the sailor and the traveler,
thousands of miles away, back to his own fireside and his quiet home.
Charles Dickens
An obstacle in life is like a log in your path.
You could step over it.
You could move it out of the way.
Or you could cut it up and make firewood.
Unknown
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