Warehouse Control Systems included Economic Stimulus Act Tax Deductions
Released on: June 20, 2008, 5:10 am
Press Release Author: Thomas R. Cutler
Industry: Software
Press Release Summary: Warehouse Control Systems included Economic Stimulus Act Tax Deductions
Press Release Body: QC Software is the leading provider of Tier 1 warehouse control systems to the warehousing and distribution industries. Since 1996, QC Software, utilizing state of the art technology combined with extensive research, development, and rigorous testing, has developed the QC Enterprise suite of products. Designed to be modular in nature, easily configurable, and platform independent, this highly scalable solution satisfies the needs of any size warehouse.
According to Rich Hite, President of QC Software (www.qcsoftware.com), a leading warehouse control system software firm based in Cincinnati, OH, suggests that Tier 1 distributors should take advantage of the 2008 Economic Stimulus Act offers tax deductions on equipment purchases, including software.
In a recent Modern Materials Handling -- Logistics Management column, Corinne Kator noted that, “Companies in the right situation can enjoy significant tax benefits for buying materials handling equipment this year; she suggests, “If the shaky economy has you putting the brakes on plans to buy new equipment this year, you may want to put those plans back in motion. Investing in capital equipment before the end of 2008 could result in significant tax benefits thanks to the Economic Stimulus Act that Congress passed earlier this year. In addition to the individual tax refunds we’ve heard so much about, the stimulus package also includes two less-publicized provisions that offer businesses increased tax deductions on purchases they make before the end of the year.”
The article continues, “The details of the two provisions are tricky, but the bottom line, says Michael Cecere, a CPA with the Massachusetts accounting firm Gray, Gray & Gray, is this: \"If you’re thinking about making a large expenditure, 2008 is a good year to do it.\" Cecere offers the hypothetical example of a company that buys and installs $500,000 of assets this year and writes off nearly 80% of the purchase at tax time. In another example, a larger company only qualifies to take advantage of one of the two tax benefits but is still able to deduct 57% of the cost of its purchases.”
QC Enterprise is a suite of software products that encompasses all of the tools necessary to efficiently and economically operate a warehouse or distribution center.
Traditionally, a Warehouse Control System (WCS) executes instructions provided by an upper level host system, such as an ERP system or a WMS system. QC Enterprise, on the other hand, is a true Tier 1 WCS which provides advanced management capabilities including inventory control, resource scheduling and order management.
QC Enterprise is comprised of 4 tightly integrated modules which provide state of the art warehousing capabilities and the QC Toolkit to easily configure QC Enterprise and its modules to fit any warehouse environment.
QC Software, Inc. www.qcsoftware.com Jerry List JerryList@qcsoftware.com (513) 469-1424
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