877-375-2810 [email protected]

Season’s Greetings!  It’s December.  There is a crispness to the air.  Lights are everywhere.  Music is playing in the streets. And Section 179 of the United States Internal Revenue Code (26 U.S.C. § 179), allows a taxpayer to elect to deduct the cost of certain types of property on their income taxes as an expense up to $500,000.00 for property purchased in 2010.  It is time to focus on the year’s end. Spend it now, get a break on your taxes from Uncle Sam in 2011.

 How are you positioned to wrap up your year?  What reports are you required to produce from your billing or accounting software to keep your accountant happy?  How about for your clients? There are lots of year-end maintenance tasks you can perform in your billing and accounting software that will both provide useful analytic information for 2010, and help you start the new year on a better footing, with a “leaner, cleaner” database. 

 Have you met with your accountant or financial advisor yet to plan your organization’s tax strategy?  Can you make any last-minute purchases to maximize your present tax position? Have you been considering adding new technology to your practice?

 How well is your network and hardware functioning?  Do your year-end plans include upgrades?  How would new equipment – and the new Windows 7 operating system — impact your existing programs and applications?

 Is it time to upgrade your software?  Many hardware and software vendors face their own end of the year, and offer sales and discounts to boost their revenues.  Do you know about these hidden gems? Dell seems to be particularly focused on “year-end specials” (we get 3-4 pieces of mail per day from them in December). If you are considering a hardware purchase, this is a great time to shop for the best prices.

 The consultants at Eastern Legal Systems support a variety of software and hardware products, and can work with you to get the best pricing on software upgrades and new technology purchases.  We can also work with you in the areas of implementation, customization and training, so you can get the most out of the programs you own.  And those services are also often able to be “bundled” into a Section 179 recapture, if purchased in conjunction with an upgrade.

 Call us at 1-877-ELS-0555 for more information on leveraging your technology purchases and saving on your tax bill.