Section 179 NEW ALERT!!!

NEWS ALERT

Jan 4, 2012   Important tax planning implications updated for the 2012 tax year will be posted to this site soon.

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 2012 tax year. Following are the highlights for the 2012 tax year:

The 2012 Section 179 Deduction limit after adjustment for inflation has increased to $139,000 (maximum allowance would have been only $25,000 prior to the new legislation).

The 2012 Section 179 Deduction threshold for total amount of equipment that can be purchased has increased to $560,000 (threshold would have been only $200,000 prior to the new legislation).

The Section 179 Deduction is available for most new and used capital equipment, and also includes certain software.

The new law allows 50% “Bonus Depreciation” on qualified assets placed in service during 2012. 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 2012.

Please contact Phil Redmond or myself for any further questions.  Please remember we carry the largest selection of equipment in America!  We also will fly you and a guest to our Centerpoint Showroom that has 25, yes 25, working operatories for you to view.  Remember we are about choices!!!!!

Soaring Eagle Casino – Mt. Pleasant, MI

Here are some pictures of the seminar Mark and I put on called the “Communication Toolbelt.”  We also had a customer appreciation party afterwards.  We had just shy of 200 attendees and the party was a blast.  Thanks to Lisa Philp, our speaker, for making it such a success and also our customers!  The Cole customers really know how to burn up the dance floor!

Centerpoint 2012 Seminars

“Driven to Excellence” hosted by Pelton April 5th and 6th –

“Driven to Excellence” hosted by Pelton August 2nd and 3rd

“Build your Dream Office” Event hosted by Benco only October 4th and 5th – at Centerpoint West, Cost Mesa, CA

“Build your Dream Office” Event hosted by Benco only October 25th and 26th – at Centerpoint East.