As a small business owner, you’re trying to save money and trim spending during this time. But it may be wise to purchase while the deals are good and the equipment is low-cost. Thanks to a change in the 2008 Federal Tax Code, tax write-offs for property that directly relates to business activities (such as printers, scanners, projection screens, etc.) are at an all-time high (MarketWatch). It is likely that businesses will save more by purchasing now rather than by waiting until they have extra in their budgets.
If you’re upgrading your equipment from equipment that is used and not malfunctioning, then donate your old equipment to a place like Goodwill. You’ll get a tax receipt, which allows you to write off even more. It’s a good thing.
To keep up with consumers who are now thoroughly discriminating value from price, retailers will have to know exactly what consumers are looking to buy this season and shrewdly price items. The “price-as-product-feature” model is going to have to go away, at least for a while. Not many people are thinking that expensive is necessarily better anymore.
They’re going to have to evaluate the crappy coffee they buy every morning from Starbucks. Maybe people will finally realize that $5 really is way, way, too much for unhealthy additives that make the bland coffee taste better and the rather noisy, energy-wasting “barista ambience.”
For resources that can help save your business time and money spent researching products and services, such as internet fax services and hosted pbx services, please visit ChooseWhat.com
For more information on taxes and tax software, please visit Tax-Compare.com.
Jennifer Silva
Zilker Ventures, LLC
