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New Tax Bill Sets Stage For Sales

The tax bill recently passed by the U.S. House and Senate not only provides tax cuts for individual taxpayers; it also greatly benefits business owners. New tax incentives make 2003 the opportune time for on-premise and coin consumers to invest in new equipment.

Businesses that haven’t already invested in equipment should do so before the end of 2004. The recently passed legislation allows companies to immediately write off up to 50 percent in bonus depreciation on first year eligible equipment purchases, according to an AccountingWeb.com article. For small businesses the tax law also raises the amount of money that can be deducted on certain asset purchases.

“To drive business investment, small enterprises will be able to immediately write off $100, 000 in new equipment purchases and all businesses will be able to expense half their investments this year,” according to the Associated Press.

Our country’s new tax bill will further complement the Job Creation and Worker Assistance Act of 2002, which allows businesses to accelerate depreciation expense into the first year of ownership of new assets. Together, these incentives will significantly impact our ability to sell. .

So, let’s capitalize on this once-in-a-lifetime opportunity by educating our customers about how they benefit.

For more information about the details surrounding the tax law, access the following hyperlinks:

http://www.accountingweb.com/ OR http://www.nytimes.com/aponline/national/AP-Bush-Taxes.html

Mike Floyd is the executive vice president of Continental Girbau, Inc., manufacturers and distributors of commercial and industrial laundry equipment. Girbau S.A. markets its products throughout 80 countries worldwide. Mike is one of the initial founders of the Continental Girbau Inc., and has been in the laundry industry for more than 19 years.

Quick Rinse - News From Around The World

Sodexo Laundry Services Technology Recognized By CIO Magazine

GAITHERSBURG, Md. — An innovative use of computer technology that increases operational efficiency by providing key metrics for its commercial laundry operations and has saved more than $100,000 since its implementation has earned Sodexo, Inc. IDG’s CIO magazine’s 2010 CIO 100 Award. The award recognizes organizations around the world that exemplify the highest level of operational and strategic excellence in information technology (IT). Sodexo’s Laundries Dashboard is a central decision-support tool that combines information from multiple systems to monitor core processes in Laundry and Linen Services businesses.

The dashboard presents Sodexo leadership and field management with key metrics in a customized, easy to use presentation. The dashboard uses Pureshare® Active-Metrics® software to gather and display appropriate information in the form of metrics for each level of management; the metrics are used to make business decisions. Because the dashboard is web-based, it can be accessed from any computer or mobile device. It also sends realtime email alerts that enable management to resolve operational issues immediately. Sodexo’s Laundries Dashboard allows for the effective management of critical areas as well as providing detailed analysis and comparisons.