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    • Oct 24thDid You Have A Successful Year?

      179Now is a great time to purchase concrete raising equipment to help make your business more profitable in the years to come. The tax year is coming to an end and it is time to start thinking about your tax deductions. Section 179 of the IRS tax code will allow you to deduct from this current tax year. Concrete raising equipment you purchase, leased or finance will be credited to your deduction for the 2013 tax year. It is important to ACT NOW and take advantage of current benefits of the section 179 code. Thinking about your businesses future is important and it is important to do your research. Find every advantage you can acquire to increase your revenue in the years to come. When the code changes you don’t want to have that should of, would of, and could have purchased concrete raising equipment feeling.

      Section 179 was designed to help businesses, that’s why almost all “business equipment” purchased and in service until Dec 31, 2013 qualify for the deduction.

      Things you should know pertaining to the Section 179 Code:

      The tax deduction will not take effect if you have exceeded purchasing $2,000,000 in equipment in 2013. Section 179 has been modified in 2013 for small and medium size businesses to succeed. The prior rate in previous years was $200,000.
      The vehicles weight must exceed 6,000 lbs. There are loopholes to get around this for smaller vehicles due to size, passenger quantity and cargo area.
      The current 2013 deduction limits are $139,000 and the total amount of equipment purchased cannot be over $560,000. This limit may go back to normal in future years so it is important to take advantage of the current rate.

      Your geographical location may have an impact on your deduction rate. An increase may be provided for areas in New York liberty zone, enterprise zone and the gulf coast zone. There is a special page dedicated to see if you’re located in the special section zones.

      To participate for the section 179 code you will need to fill out an IRS form 4562 (Click Here). If you need assistance speak with your current tax preparer for more details.

      The equipment purchased can be new or used, the important thing is that to be “new to you.” Used equipment does not qualify for Bonus Depreciation.

      Your new equipment cannot be used for personal use.

      2013 Section 179 Example Calculation

      Equipment Purchased:

      $50,000

      First Year Right Off:

      Max: $500,000

      $0.00

      50% Bonus First Year Deprecation:

      20% in each 5 years on remaining amount

      $0.00

      Normal First year depreciation:

      20% on each of years on remaining amount

      $15,000

      Total First Year Deduction:

      $500,000 + $70,000 + $15,000

      $50,000

      Tax Savings:

      $590,000 + 36% tax rate

      $17,500

      Equipment Cost after Tax

      $650,000 less all tax deductions

      $32,500

       

      The section 179 tax deduction can have a huge impact on your savings from equipment purchases. The Section 179 deduction calculator can give you an example of your savings when purchasing concrete raising equipment. Please note that the calculator and bonus deprecation calculation is a reflection on the current year and may change after December 31st 2013.

      Click Here to learn more about HMI’s financing partners.

      Whether you’re looking for Polyurethane concrete raising or mudjacking equipment the Section 179 code will help you save money to help you make more money in the future. Contact HMI at 1-800-626-2464 or info@concreteraisingsystems.com to purchase concrete raising equipment.

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      by admin
    • Oct 14thDiversify

      Diversify your business. Part 3 of “Ideas to Grow Your Business.”

      diversifyAre you ready to take your business to the next level? No matter what your business specialty is, you may be looking into new ways to create revenue. From contractors to entrepreneurs, HMI has helped small businesses across the world expand into new markets and increase their revenue stream.   Diversifying your business is a big step for every small business to make, but reward can be very gratifying.

      There are couple things to take in account when adding or expanding your business services.

      Do your research. Make sure you acquire knowledge of what type of business you are expanding into. As well it is important to have stability in your business when branching out into new directions.  Know your target market area and take in account of new travel destinations.

      We offer you the option of polyurethane concrete raising and mudjacking equipment and materials. Whether you choose between the two or both, we are available to answer any questions you may have about our business operations and equipment. We offer multiple business packages to suit your budget and your specific needs.

      Preparation and patience.  Change can be exciting and frightening for some, and that is why to prepare your staff for your upcoming opportunity in this new market. Make sure that your staff has acquired the proper knowledge in your new service, so they can proceed with the expertise that you have developed. Your new service may be booming at first or it may take a little while to get the ball rolling. Get the word out about your business and try to presell your service to find what your market will be.

      At our 2 day training classes we cover hands on training with our equipment and business operations. This opportunity allows you to give your new service a test drive.  Become an expert in the concrete raising industry before you make the leap.

       

      Be open to advice. It’s not a bad idea to seek the advice from others with your new concrete raising service. There may be ideas out there you have overlooked or just didn’t think of. It’s easy to talk yourself into something, but some outside feedback can be an eye opening experience.  The best way to get the knowledge you need is to start with a 2 day HMI training seminar.

        Advanced August 050A few questions to ask of any business/service diversification:

      1. How much does it cost?

      2.  How much will it make?

      3. How hard will this be to add to my current business?

      How does HMI answer those questions:

      1.  $30-50K

      2.  Potential 60-75% profit margins

      3.  With our experience in the industry, HMI offers training, onsite technicians and support, expanding to offer concrete raising is easy with HMI.

      If you’re thinking about expanding into the concrete raising business give us a call 1-800-626-2464. We will answer any questions you have about the business. Whether your questions pertain to polyurethane concrete raising, mudjacking, marketing or business operations, we are here to answer them.

      Diversifying your business is a big step and we are here to help and support you through this opportunity. We are a manufacturer and a contractor who have seen both sides of the spectrum when it comes to concrete raising.

       

       


      by admin

      Good Old Fashioned Hand Written Code by Eric J. Schwarz

        HMI Business OpportunityWorld Class Manufacturers of Concrete Raising Equipment

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