Tag Archives: Nema

“Companies don’t go bust because they don’t make money; they go bust because they don’t have any cash.”

Tax Opportunities
Many businesses are having a tough time meeting their operational and loan repayment obligations. There are many viable and easy-to-implement tools to generate cash.

Inventory Accounting Method: Do you carry $1M or more in inventory? This inventory accounting method can bring cash infusion to your business.
R&D “Process Improvement” Tax Credits: Have you devoted time and resources to new or innovative products or manufacturing processes, improvement of existing products, patent development, software development, design and engineering staff, prototyping, modeling, and trial-and-error testing? If so, this strategy can increase cash flow.
Accelerated Depreciation: Have you built, purchased, or renovated a building in the past 10-15 years? This tax savings strategy can improve the economic health of your bottom line by accelerating the manner in which you recover the investment in your facility costs for income tax purposes. If you own property valued above $650,000, this strategy can increase cash flow.
Commercial Building “Green” Tax Deduction: If you have built an energy-efficient building, or upgraded your HVAC or lighting system to reduce energy consumption, you may qualify for this deduction and reduce the amount of tax you owe.

If your company is looking for a smart way to increase cash flow, you owe it to yourself to learn more about these tax-saving-cash-generating strategies.

For a FREE benefit analysis or to have a deeper discussion about increasing your company’s cash flow contact:

SourceCorp Professional Services

The National Electrical Manufacturers Association (NEMA) has revealed the results of new market research that provides a clear picture of America’s need for information about energy and cost saving through modern lighting systems. The research, conducted in conjunction with Today’s Facility Manager magazine, focused on the owners and operators of commercial, industrial, institutional, and healthcare buildings.

Findings indicate that 41 percent of building owners plan to upgrade lighting products and systems within the next year, primarily to save money and energy (78 percent) and lower maintenance costs (40 percent).

According to Ron Runkles, lighting industry director for NEMA, the association is working with its members to build awareness of the value of modern lighting through its enLIGHTen America campaign.

“The results of the research showed that 82 percent of building owners did not know the commercial building tax deduction was extended by Congress to 2013,” Runkles said. “We’re providing a service by letting people know there is a quick payback by investing in lighting renovation. For example, 38 percent want a three-year return on investment. And it’s green; the 30 percent building energy savings is almost a bonus.”

The research also revealed that 74 percent of those surveyed plan to apply for utility rebates; 61 percent did not currently utilize lighting controls; and 27 percent were pursuing LEED certification. Also, 96 percent of building owners consider sustainability either “important” or “somewhat important.”

“It’s little wonder Secretary Chu has endorsed NEMA’s campaign. We’re making a difference.” Runkles said.

NEMA is the association of electrical and medical imaging equipment manufacturers. Founded in 1926 and headquartered near Washington, D.C., its approximately 450 member companies manufacture products used in the generation, transmission and distribution, control, and end use of electricity. These products are used in utility, industrial, commercial, institutional, and residential applications. The association’s Medical Imaging & Technology Alliance (MITA) Division represents manufacturers of cutting-edge medical diagnostic imaging equipment including MRI, CT, x-ray, and ultrasound products. Worldwide sales of NEMA-scope products exceed $120 billion. In addition to its headquarters in Rosslyn, Virginia, NEMA also has offices in Beijing and Mexico City.

About SourceCorp:
SourceCorp specializes in the Commercial Building “Green” Tax Deduction,  LIFO Accounting, R&D Tax Credit and Cost Segregation Studies. With a team of nearly 70 professionals and with offices located throughout the country, clients realize unparalleled experience, services, and trust. SourceCorp serves many of the nation’s most prominent CPA firms, Associations, and Fortune 1000 companies. For more information, please call 817.732.5494 or visit www.SourceCorpTax.com.

NEMA: www.nema.org

NEMA companies are the energy solution leaders for Smart Grid and Energy Storage technologies. Learn more at: http://www.nema.org/gov/energy/smartgrid/

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