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Nelson Equipment Company News & Information

October, 2010 

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continues to enhance its in-house engineering and design capabilities with improved tools. Implementing new CAD products that allow customers to visualize system solutions with greater detail greatly improves the quality and speed of a system project. These tools, coupled with new pricing tools, enables our organization to take complicated systems and reducing the man hours it takes to create a finished product, thus saving our customers time and money.

The next time you have a demand for a working solution design in a short period of time, contact “Team NECI” for your solution.

INFO@NELSONEQUIPMENT.COM
 
 
 
 

NEW PRODUCT ANNOUNCEMENT

Colson Caster Corporation is pleased to announce the newest addition to our product line, the Transforma LT wheel.

This 2” wide TPR wheel is available in 4”, 5”, & 6” flat tread design, as well as a 6” round tread version.

In addition to this new, very competitively priced wheel, we are also excited to announce that Colson Caster Corporation is now the EXCLUSIVE SUPPLIER for the entire Trans-forma wheel family for North America.

As a distributor for Colson Caster, you now have another selling advantage over your competition. We encourage you to take another look at these great wheels.

We will be sending out a sample of these wheels. Included in the package of samples will be new lower pricing for all of the Trans-forma wheel line, full product specifications, and also a new bearing option that is now available. You will also find in the package, a new lower price on our Pedestal precision bearings for 2” wide wheels, and a sample of our new Encore Dolly caster product.

 

 
 
 
Wildeck’s new Laddergard™ Safety Swing Gates are self-closing and meet OSHA 1910.23 safety requirements. Their strong structural steel construction withstands daily use and abuse and a durable safety-yellow paint finish provides maximum visibility in high traffic areas. Two sizes are available that are both reversible and adjustable to fit either 16” to 26” wide openings; or 27” to 40” wide openings.
 
 
 
 
 

RECENT AND ONGOING PROJECT INSTALLATIONS PERFORMED BY NELSON EQUIPMENT

Application: Product Transport Conveyor System
Solution: Reduction in non value added labor
Application: Work in Process Ergonomic Enhancement
Solution: Reduction in worker fatigue
   

Application: Food Packaging Conveyor
Solution: Interfacing of existing production equipment to create buffer between processes
   

Application: Packaging Equipment Integration
Solution: Conveyor System that interfaces with multiple packaging machines
   

Application: New Construction- Dock Doors
Solution: Vertical Design, Insulated dock doors maximizes dock staging area

 

Application: Automated Order Processing
Solution: Batching Station

 
 
 
 
Small Business Jobs Act: A Windfall for Small to Mid-sized Manufacturers
Wednesday, September 29, 2010
By Mark Lauber and Karim Solanji

With a resounding and somewhat historic move, Congress passed and the President signed into law the Small Business Jobs Act (SBJA). The SBJA provides tax relief for small and medium sized businesses for 2010. Of particular and significant note are two provisions: the modification to a five year credit carryback and the modification of the Alternative Minimum Tax (AMT) in relation to general business credits.

Five Year Carryback on Unused General Business Credits
Previously, the carryback and carryforward rules for general business credits stated, generally, that unused credits were to be carried back only one year and, if unused in that year, then carried forward up to twenty years. The previous rules did not provide the immediate tax relief many taxpayers needed.

With the SBJA, taxpayers will be able to carry back unused credits generated in 2010 a total of five years before having to carry them forward. This change will allow many taxpayers who have been hit recently by the economy to still receive an immediate tax benefit, even if they are unprofitable in 2010.

General Business Credits Not Subject to AMT
Prior to the SBJA, general business credits generated by a taxpayer were subject to the AMT. This credit subjugation to the AMT drastically limited or completely eliminated the benefit of the general business credit to many taxpayers. With the passage of the SBJA by Congress, many small to medium sized businesses will not have this AMT limitation applied to general business credits generated in 2010.

Congress has defined the businesses that can take advantage of this AMT change as being sole proprietorships, partnerships, and non-publicly traded corporations with $50 million or less in average annual gross receipts for the prior three years.

With more than 20 million Americans paying AMT, the ability for business owners to reduce their taxable liability through a slew of general business credits, including, the R&D Tax Credit, is especially significant.

Immediate Tax Relief
These two provisions will provide the immediate tax relief needed by many small to medium sized businesses to help them succeed in today's economy. It is noteworthy that these provisions will apply to the Research and Development Tax Credit when it is passed later this year, thereby allowing many taxpayers to take advantage of this credit that previously were unable to due to a lack of utilization.
The Positive Effect on the R&D Tax Credit

Due to the economy the last few years, many manufacturers have been unable to take advantage of the R&D Tax Credit. The main reason being that the taxpayers for these companies were subject to AMT. Now with the SBJA, the R&D Tax Credit can reduce a taxpayer's tax liability, regardless of AMT, thereby opening up the R&D Tax Credit to most of these taxpayers.

Even for smaller manufacturers, the R&D Tax Credit can be significant. Here are some examples:

Example 1 - 4 Year Study
Annual Payroll: $1.7 MM
Total Credit: $80,000

Example 2 - 1 Year Study
Annual Payroll: $6.5 MM
Total Credit: $50,000

Example 3 - 4 Year Study
Annual Payroll: $1 MM
Total Credit: $60,000

Example 4 - 1 Year Study
Annual Payroll: $3.5 MM
Total Credit: $60,000

Contact a consulting firm specializing in the R&D tax Credit to learn more. The firm will have the knowledge to help determine if your company can take advantage of the Small Business Jobs Act as it relates to the R&D Tax Credit. If you can, it can result in a substantial reduction in your 2010 tax liability and a tax refund for previous tax years.

About the Authors:
Karim Solanji, J.D., Director, and Mark Lauber, VP of Marketing, M.S. Industrial Engineering, both of Paradigm Partners.

 

 

USED EQUIPMENT AVAILABLE

 

Looking for used or remanufactured equipment for use in your facility?  Contact us  as we work with many end users, suppliers, wholesalers, and 3rd party integrators that provide access to many different material handling products.

Contact us at:

 

info@nelsonequipment.com

Phone: 318.688.9970

Toll: 800.523.6199

Fax: 318.688.4899

 
 
 

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Nelson Equipment Company, Inc.  •  9708 St. Vincent  •  Shreveport, LA 71106  •  800-523-6199

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