Repro Products was pleased to support The New South Foundation’s 5th Annual Golf Tournament on October 16th by sponsoring a table at one of the holes. New South Construction holds this golf tournament every year to provide funding to the New South Foundation which supports charities and community service projects and also offers a scholarship program. Pictured are Sean Mooney and Zack Perkinson representing our wide format and Xerox office equipment sales departments. In addition to serving tasty snacks, we ran a guessing game to determine who could come closest to guessing the final score of the October 22, 2017 rematch of the Atlanta Falcons and New England Patriots. Check back next week to see who won our game and a $100 Home Depot gift card.
Technology is supposed to increase our productivity, but when we reach the point where our devices require as much attention and TLC as a newborn, it’s probably time to make a change (pun intended). Below are some of the signs that you are working too hard for your wide format printer.
1. YOUR PRINTER REFUSES TO “TALK” TO YOUR NEW OPERATING SYSTEM
A new operating system comes out that promises to make life easier for everyone. But, the printer does not communicate effectively with the new system and the inevitable errors and crashes ensue. If you are updating the operating system in your office, you should consider updating your wide format printers to avoid productivity delays, computer crashes and frustrated (and unproductive) employees.
2. YOUR COMPANY HAS OUTGROWN YOUR PRINTER
Sure that wide format printer capable of lightning-fast 2 Ds a minute was great when your business didn’t need anything faster, but now that the number and size of jobs has grown, you need a device capable of keeping up with your team. There are a variety of wide format printers in the market today capable of printing 4, 8, 14 or even 30 Ds a minute. If your staff is waiting on your printer to print, you are wasting your most valuable resource – time.
3. YOUR WIDE FORMAT MACHINE IS “MATURE”,
While maturity is an admirable quality in humans, it is a definite disadvantage in technology. Chances are you are not driving a car that is 10 or more years old with over 300,000 miles on it (and if you are, you know you are driving on borrowed time). There are many factors that determine the lifespan of your wide format printer including how many square feet it has printed during its lifetime and how well it has been maintained. Wide format printers are notoriously well-built to withstand heavy usage for years, but any device over eight years in age may have reached the end of useful life. When the repair technician has his own coffee cup in your breakroom, you need to start thinking about new equipment.
4. IT IS DIFFICULT TO FIND REPLACEMENT CONSUMABLES
Over time, it can become more difficult to find the ink and print heads required for your wide format printer. When you get to the point where it feels as though you are on an eternal scavenger hunt to find the parts you need, it is time to look at new equipment.
5. YOUR STAFF IS SPENDING TOO MUCH TIME ON TASKS THE MACHINE COULD DO
The speed of your wide format printer (as covered above) is just one aspect of the overall time spent printing. Many newer models have instant on printing which removes the tedium of waiting for the machine to warm up. Others print mixed sets – mixed in both size and color and black and white – eliminating the need for hand collating. Inks that can be changed on the fly without stopping your print job and choosing models which hold more rolls will also speed up the overall time getting those crucial prints out the door.
These are just five common indications that you may need to look at replacing your wide format equipment. Perhaps the most telling sign is if your printer has become the target of much discussion among your staff (and not in a good way). If you hear coworkers plotting on the best way to kill the printer and make it look like an accident, then too much energy is being needlessly expended. There are many options in both models of equipment and purchasing and leasing plans which can make getting a new piece of wide format equipment a painless process.
Contact Repro Products for a personal consultation to determine which printer will best meet your needs and budget.
Section 179 Tax Deductions Have Been Extended for 2017
A major part of any business strategy is making the right investment choices to position your company for long term success; including choosing the right equipment to push your business in the right direction. However, one of the toughest obstacles facing businesses is finding the capital to pay for that investment.
Consult your tax and financial advisors to review and assess the factors that may apply to your business and tax situation.
Business owners can take advantage of purchasing equipment and deduct the full purchase price of financed or leased equipment for the current tax year. The equipment must be within specific dollar limits.
What is the Section 179 Tax Deduction?
The Section 179 Tax Deduction of the IRS Tax Code allows a business to deduct, for the current tax year, the full purchase price of financed or leased equipment that qualifies for the deduction.
Major expenses typically are required to be depreciated over a term of years to account for what is known as the “useful life of the purchase” as dictated by the IRS. However, with the Section 179 tax deduction, business owners can elect to immediately expense the full purchase price of the equipment.
For example, if you purchase equipment for $50,000, you would typically write it off a little at a time through depreciation. Such as, $10,000 per year for say five years. However, most businesses would prefer to write off the entire equipment purchase price for the year they purchased it. This makes it more attractive to purchase more equipment when needed, instead of carrying over the purchase amount minus depreciation.
What Purchases qualify for Section 179 Deductions?
If you’re interested in taking advantage of the tax deductions this year, take a look at some of the purchases that would qualify for the Section 179 deductions:
Most tangible personal property for business use, such as:
- New or Used Machinery and Equipment purchased for business use
- Office Equipment
- Partial Business Use (equipment purchased for business and personal use, restrictions apply)
When Can You Elect to Use the Section 179 Deduction?
You are eligible to take advantage of the Section 179 tax deduction for the tax year in which you placed the purchase(s) in service. For example, if you purchase a HP PageWide XL 8000 Printer and place the equipment into service by December 31, 2017, then you would be able to take advantage of the Section 179 deduction when you file your 2017 tax return.
Need help selecting the right investment for your business?
Your Repro Products Business Development Manager can help you determine a technology investment strategy which will give your business a competitive advantage. Simply visit Repro Products, email email@example.com or call 770.434.3050 to begin maximizing your write-offs today.
For More Information and Section 179 References:
See below for more helpful articles with expert information on Section 179, and be sure to speak with your financial and tax professional about what impacts these deductions can have on your business.