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Huge Tax Deductions Justify New IT Assets in 2011

Anyone buying technology can take advantage of President Obama’s legislation titled “The Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010” to reduce the total cost of operations (TCO) of IT projects. If you are not using this legislation to help justify your next IT project, you’re missing an extremely powerful financial opportunity provided by the federal government. The new legislation is a multi-year program that allows 100% accelerated depreciation in 2011 then drops to 50% in 2012. The current law is very specific in that there is a 50% drop-off in after-tax savings for companies that wait to invest until 2012. Download this detailed white paper on the subject to help you explain it to your CFO, owner, accountant, or yourself why you should make that IT investment in 2011. Jeff has been in the AIDC/POS business for over 30 years having worked on the manufacturer, reseller, ISV (Independent Software Vendor), and distribution sides of the business. His roles have included Sales, Sales Management, Systems Integration Management, Business Development, Merchandising Management, and Divisional President. He was also a part owner of a large reseller in the retail segment. It’s from this experience that he writes his blog and this white paper. He currently works as Divisional President for a specialty distributor of technology products and came to this job from Retalix Ltd., where he served for over two years as CEO of Retalix North America and executive vice president of acquisitions and business development of Retalix. Prior to that, he worked with IBM Corporation for 12 years, and for seven years with Kyrus Corporation, where he held sales, business development, and senior management positions. He is also a graduate of the University of North Carolina at Chapel Hill. You can follow Jeff on Twitter at @JYelton or on his blog.