BCD Electro Reveals How Many Small Business Owners May Be Missing Out on the Section 179 Tax Deduction
Dallas, Texas (PRWEB) November 05, 2013 -- It is that time of year again. No, not the autumn leaves or approaching holidays, but rather about the fourth business quarter. For many companies it is the reminder that the Section 179 deduction for capital equipment investment is still in effect through the end of 2013.
As part of the economic stimulus, The American Tax Payer Relief Act of 2012 raised the Section 179 deduction limit from $125,000 in 2012 to $500,000 for 2013, and businesses are taking advantage of this generous benefit while they still can. The U.S. House Ways and Means Committee approved a proposal in March to make the deduction limit permanent at $250,000.
Upgrading and investing in equipment also means deciding what to do with your old equipment. A University of Wisconsin study reported that there was an estimated 5,000,000 tons of electronics in storage in the U.S., that almost half was ready for end-of-life processing, but that only about 25% of it would get recycled. The two options mandated by law are to properly recycle or destroy unwanted equipment. In most cases, BCD Electro recommends recycling because of all the valuable and reusable material that can be recovered from aging and obsolete equipment.
Of course, data security with recycled electronics is a vital concern, and we have all heard the cautionary tales in the news. An international study sponsored by BT in England found that 34% of discarded hard drives still contained confidential data because they were not recycled properly. CBS News aired a story a couple years ago about used copiers being sold whose hard drives had not been wiped at all.
BCD’s data destruction system uses a wiping standard that is NIST 800-88 compliant and third party confirmed. Our system also comes packed with automated serialization and reporting features to satisfy the pickiest CIO.
When people think about e-waste, computers come to mind, but many may not realize that batteries, ink and toner cartridges, phones, AV equipment, monitors, computer accessories, copiers, fax machines and other business equipment are also recyclable.
If your company is taking advantage of the Section 179 deduction this year and you have a room or warehouse filled with old or obsolete equipment that you need properly recycled or disposed of, we provide inventory services, as well as certified recovery and data destruction to give you peace of mind, environmental compliance, and money back for your excess inventory.
Recycling used equipment saves extracted raw resources and reduces air pollution.
BCD Electro, and through its subsidiary BCD Electro Store is a full service remarketing and recycling company. Through a broad suite of best practices, business-ready solutions, services and products BCD Electro provides secure and timely control of key product lifecycle management processes to help companies accelerate revenue, drive innovation, reduce costs, improve quality, and ensure regulatory compliance. We specialize in recycling IT , telecom, networking and hospital equipment as well as sales of excess inventory from manufacturing operations.
For more information contact:
chorstman(at)bcdelectro.com
blog: http://www.bcdelectro.com/wp/
Cortney Horstman, BCD Electro, http://www.bcdelectro.com, 214 630 4298, [email protected]
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