Archive for November, 2012

This may be the last time – at least for the foreseeable future – that your business will be able to take advantage of Section 179 in the IRS tax code. It has been updated since its original introduction a couple years ago.

H.R. 5279 – The Small Business Jobs and Credit Act of 2010, has been updated so that the total amount for deduction has been increased to $139,000 and the total amount for equipment purchased has been increased to $560,000!!

In what has come as a welcome surprise to many business owners, H.R. 5279 (The Small Business Jobs and Credit Act of 2010), which was signed into law on September 27, 2010, now contains several substantial changes to Section 179, the ever-popular business equipment tax deduction.

Initially, the $250,000 “magic depreciation”, as we like to call it, was set to expire in 2012. Many of our clients were worried because they had planned large equipment upgrades for Q1 2011 that had been stalled for the last 18 months due to the economy. Thankfully, our political leaders addressed it before it was too late.

Information posted on www.Section179.org suggests that the following changes have been made:

· An increase of the total amount available for deduction to $139,000.

· An increase to the total amount of equipment purchased to $560,000.

· The above numbers are to be in effect for 2011 and 2012. In addition, the bill also extended the “50% bonus depreciation” to tax year 2012 (it was rescinded earlier this year, but has been restored).

Here’s an example of playing with the numbers:

Here’s How CMIT Solutions of Denver is Sweetening the Pot For Businesses With 20+ PCs

If you become a new client of CMIT Denver and upgrade your network with us before December 31, 2012, we will include:

  1. 2 FULL MONTHS of (a $3,000 value!!) absolutely FREE!! All computer networks need ongoing maintenance to keep them running problem-free, and with our  IT Service, you’ll not only enjoy faster and more reliable service from your computer network, but you’ll gain incredible piece of mind knowing that your network and the data it holds is safe from loss, corruption, downtime, viruses, hackers, spyware, and a host of other problems.
  1. We’ll allow you to continue your IT Service at a special discounted rate that will easily save you THOUSANDS in IT support! After the three months are up, you can continue to receive regular maintenance, critical updates and security patches, fast, remote support, and 24/7 watch over your network and data at a special discounted rate. Of course, you are under no obligation to continue this maintenance, but I’m certain you are going to want to continue after you see how we keep things running.

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Stand Up For Productivity!

Take Charge of Your Productivity with These Time Management Tools

CMIT Solutions is in the midst of a revolution – the Productivity Now! revolution. We at CMIT focus on the productivity or lack thereof of our clients and work with them to leverage technology and processes- where it makes sense – to increase productivity and as a result, profitability.

“Lost time is never found again.” – Benjamin Franklin

One way to take charge of your Productivity is with time management tools of which there is a plethora. Do you often find yourself wondering where all the time goes? Much in the same way that keeping track of expenses reveals where your money goes, keeping tabs on your time can help you make more efficient use of it by identifying wasted time and opportunities for increased productivity.

You need a way to track your time in order to help you be more productive. Take a look at this short (yet far from complete) list of time management tools:

  • Remember the Milk – It is available as a Web app and on most popular smartphones. Remember the Milk seamlessly integrates with Outlook, Google Calendars, and Gmail. It even works with Siri (Apple’s digital assistant on the newer iPhones).
  • GoodToDo – GoodToDo uses your email account as a task management tool. If you receive an email that you need to follow up on tomorrow, you simply forward it to tomorrow@goodtodo.com, and the email will appear as a task on your GoodToDo portal.
  • Timy – If you use Basecamp for project management (like some of our CMIT colleagues do), Timy is an excellent tool for tracking time, as it integrates nicely with Basecamp’s billing system. Available for many smartphone platforms, Timy is a breeze for task management on-the-go.

At the same time that there are numerous time management tools in the marketplace, Microsoft Outlook is a very powerful tool that has task management functionalities. Just as with any time management system, it comes down to the user – that’s you!

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On October 17, 2012, Jeff Connally, CEO of CMIT Solutions, Inc., threw down the proverbial gauntlet to the CMIT Solutions system of 125 owners. Jeff challenged and strongly encouraged us and our local teams to declare independence from our mobile devices while driving.

Too many drivers, including myself, have been nonchalant, dismissive and in denial about the dangers associated with texting, emailing, reading and talking (even hands-free) on their mobile device while driving. Maybe the timing was just right when Jeff issued his challenge and coupled with my 10th grade son reprimanding me about using my phone in the car, I made the decision to act and go “cold turkey.” So far, so good. I will admit that the part I miss most is using the time while driving to make personal calls to family and friends. BUT, it was dangerous because I’d have to key in my password to unlock the phone and then find the person in my People tile on my Windows phone regardless of using my Bluetooth earpiece.

To give you a taste about sending or receiving texts while driving (one of the 3 driving evils regarding technology):

  • Reaction times DOUBLE
  • 23x more likely to be in a traffic accident
  • 20x more likely to be involved in a near crash

Go now to our website—www.CMITDenver.com/driving— to download a blank version of the Declaration to use for yourself, your family and your colleagues. Look carefully at the PowerPoint slides on this page to remind yourself why you are signing the declaration.

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