Have you ever been moved by something so powerful that it compelled you into immediate action?
That’s how I felt when I ran through the Blue Mile, a length of the Marine Corps Marathon that is sponsored by the wear blue: run to remember organization.
The Blue Mile is so named because it is lined with blue Tribute Posters with the photos of service members who died while serving in the armed forces. Behind them, volunteers wave US flags and cheer on the runners as they pass by. It is incredibly moving.
“wear blue: run to remember was founded in 2010 by a group of military spouses and community members who lost loved ones in combat,” said Melynda Weaver, Director of Development. “At that time, no existing organization addressed an active, community approach to remembrance and healing. A shared space to grieve, remember, and move forward with life-affirming habits was desperately needed, and wear blue was born.”
wear blue’s work also includes helping individuals and families with challenging aspects of military life, including frequent separations and the trauma of loss.
As a veteran-owned business, Capital Online Auctions is proud to be partnering with wear blue to raise money for veterans and their families. We invite you to join our fundraising auction by donating items/products, gift cards and services.
For each donated lot, COA will post in the auction, 1) the donating company’s or individual’s item/lot photo, 2) preferred web site link and 3) logo. Donations are tax deductible as wear blue is a 501c3 organization. Donations may be submitted through this l by clicking HERE or visiting capitalonlineauctions.com/donation-form/.
We thank you for your time and generous support!
Images and video used with permission of wear blue: run to remember (wearblueruntoremember.org)
December 20, 2021
We’re rocketing toward the new year, but before the ball drops on 2021, there is still time to make buying and selling decisions that will have positive impact on your company this calendar year.
Government Incentives For Business-Related Purchases: If you own a small- or mid-sized US-based business, you may already know about the Section 179 tax deduction, which allows a business to deduct the full purchase price of qualifying business-related equipment from its taxable income within the year it is purchased.
What you may not know is that the deduction limit increased this year to $1.05 million on purchases up to $2.62 million. Qualifying equipment must be used for business purposes and can be purchased new or used.
What makes the deduction so attractive is that it significantly lowers the true cost of equipment a business needed anyway. It’s essentially an investment in you, by you.
“In years past, when your business bought qualifying equipment, it typically wrote it off a little at a time through depreciation. In other words, if your company spends $50,000 on a machine, it gets to write off (say) $10,000 a year for five years (these numbers are only meant to give you an example).
“Now, while it’s true that this is better than no write-off at all, most business owners would really prefer to write off the entire equipment purchase price for the year they buy it.
“And that’s exactly what Section 179 does – it allows your business to write off the entire purchase price of qualifying equipment for the current tax year.
“This has made a big difference for many companies (and the economy in general.) Businesses have used Section 179 to purchase needed equipment right now, instead of waiting. For most small businesses, the entire cost of qualifying equipment can be written-off on the 2021 tax return (up to $1,050,000).”
The site has a Section 179 calculator, which will enable you to estimate your savings.**
It’s important to note that qualifying purchases must be completed, financed and put into service by the end of 2021.
Generating Income Through Sales Of Used Equipment: The well-reported supply line issues have caused strong buyer demand across many sectors, which is driving up prices on used equipment. Add in buyers wanting to take advantage of the aforementioned tax breaks and the result is a heavy seller’s market.
And we’ve seen that seller’s market firsthand! Here at Capital Online Auctions, we are experiencing high bidder registration numbers, high web traffic, and robust selling prices across all auction categories. We are happy to help you get your used equipment posted before 2022 is here! Contact us here.
**NOTE: Capital Online Auctions is not a tax advisor, please consult your tax professional to find out how your business may benefit from the Section 179 deduction.