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I'm speaking to a group of students at Columbia Business School today about the basic IT needs when starting a business. Here's the summary
Top 5 Dos
- Back Up and then plan your Disaster Recovery
- Set it up so you can work from anywhere
- Learn to fully use your tools
- Monthly options are often better than outright purchased (for tech reasons, not just because of cash flow)
- Proactively manage your technology. It’s not set it and forget it
Top 5 Don’ts
- Underestimate the importance of security
- Spend money just because it’s cool (unless cool is important to our business)
- Assume just because it’s in the CLOUD it’s cheaper, safer and better
- Skimp. Invest where you need to
- Make all the IT decisions yourself. Use a professional. Your IT advisor is as important as your accountant and your attorney
It may be time to buy new equipment before 2010 comes to a close. The benefit of doing so is that one-hundred percent of your purchases this year (up to a maximum of $500,000) can be expensed. This means you can subtract the amount of money for the whole tax year instead of over several years. This is one of the new tax incentives for small businesses, according to IRS Section 179.
Qualifying purchases could be computers, servers, and accessories. While it is unknown what tax codes will look like in 2011, now seems to be a smart time to make a purchase. The current tax code is definitely appealing due to the dramatic increase in the amount to be written off.
To find out if your desired items are eligible and learn more, CMIT Solutions is here to help. We can assist with making recommendations and we suggest that you also consult with your tax professional.
Spotlight Franchise: CMIT Solutions CMIT Solutions franchise network is a franchise company thats on the right track, helping small business owners to manage their technology needs. In addition, this franchisor practices what they preach when it comes to supporting their franchisees. Read more.
If you're looking for an inexpensive way to handle common business applications like spreadsheets, presentations and word processing, chances are you've looked into free Web-based services like Google Docs, says John Smythe of CMIT Solutions in Everett. What you may be less aware of is the fact that Microsoft has come up with its own free, Web-based competitor to Google Docs: Office Web Apps...read more
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