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Year End Budgets? MNI Approach

TECH Q&A: YEAR-END BUDGETING

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This is the first of what will be a continuing series of technology questions answered by Eric Marcus, CEO of Marcus Networking in Tempe.

Question: What technology or telecommunications products should we purchase before year-end?

Answer: December is an excellent time to evaluate your IT needs for the coming year and with Section 179 Deductions changing, small businesses should take advantage of purchasing new equipment before it’s too late.

According to the IRS, Section 179 of the IRS code allows small businesses to deduct the cost of machinery, vehicles, equipment, furniture and other property. This was part of the American Recovery and Reinvestment Act of 2009. At that time, the maximum amount that a business could deduct was $250,000. In 2011, the maximum deduction that a small business could make was $500,000, but in 2012, the amount drops to $139,000.

Marcus Networking recommends replacing old laptops, wireless access points, battery back-ups, MS Office, VoIP phone systems, and servers before Dec. 31, 2012.  All of these products and services can improve workplace efficient and save money in the long run.

We’re also available to provide a free consultation and discuss your business needs.  Does some of your staff work remotely? Will you be adding or reducing staff in the coming year? Are you building a new office? Would you like to cut travel costs and have the ability to do presentations remotely? All of these factors determine what products and services we’ll recommend for your business.  And remember, you’ll always want to talk to your accountant before making any large capital purchases to ensure you follow the Section 179 code and take advantage to its fullest.

Visit http://aznow.biz/tech/tech-qa-yearend-budgeting for the full article.

Eric Marcus is CEO of Tempe-based Marcus Networking, which specializes in telecommunications centered on phone systems, cabling, and the network infrastructure also known as the “backbone.” Read more about Eric Marcus in the January issue of Az Business magazine.

 

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