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Sales leads, contact information
and regional business news
found here...
For the current calendar of events, click here..
FREESTATE SELF STORAGE
Clean, secure, climate
controlled storage…
Located in Laurel
(410) 792-2840
www.selfstorageplus.com
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Special Thanks to Our Gold Corridor Partners
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The BWCC Green Alliance Committee, BG&E and Mobern Lighting Company presented
an Energy Efficient Lighting Workshop recently that was hosted by Mobern.
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FloorMax and Jackson-Shaw rolled out the Red Carpet to celebrate FloorMax's new location at The Brick Yard in Laurel. The BWCC held a Networking Business Mixer and Ribbon Cutting Ceremony to celebrate. Rafie Ansari (center), General Manager and Owner, cuts the ribbon to start the event while Walt Townshend (back right),
President & CEO of BWCC looks on.
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Business News
U.S. EEOC Revises Compliance Manual on Compensation Discrimination
In a recent newsletter from member Christine Walters, MAS, JD of FiveL Company, she advised clients concerning the recent issues regarding wage discrimination. With her permission, we provide that information here...
[FULL STORY]
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Time to Order Your 2010 IRS Tax Calendar for Small Businesses and the Self-Employed
Businesses can pre-order Publication 1518 and Publication 1518(SP) 2010 IRS Tax Calendar for Small Businesses and the Self-Employed, on www.irs.gov. If you order now, the English version of the 2010 Tax Calendar will be shipped in November, and the Spanish version will be shipped mid to late December. Please do not submit duplicate orders. Now is the time to order this valuable tool, 2010 Small Business, Self-Employed Tax Calendars for your small business owners!
If you have any questions, please contact Internal Revenue Service, SB/SE, Veronica Tubman, Senior Stakeholder Liaison, 31 Hopkins Plaza, Room 850B, Baltimore MD 21201, 410-962-3445; Fax: 410-962-2374.
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BWCC Foundation’s Holiday Mixer Approaches
Mark Your Calendars for Wednesday, December 2 at The Great Room, Savage Mill...
[FULL STORY]
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Where Does Maryland Rank? (At Least in these Publications…)
Maryland is ranked 12th in Forbes magazine’s Best States for Business report, moving up two slots from a similar study that was conducted in 2006. The report is found at...
[FULL STORY]
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Procurement Fair Biggest Ever in 18-Year History!
 The 18th Annual Baltimore Washington Region Government Procurement Fair, produced by the Baltimore Washington Corridor Chamber (BWCC) and its GovCon Council, was the largest ever. Through the efforts of the Council’s committee, chaired by Richard Knight of Aercrete, Inc. and Rene Alonso of Blind Industries of Maryland, 54 federal, state and local government agency exhibitors were joined by 10 prime contractors and sponsor exhibitors to welcome nearly 300 small and minority business owners and representatives.
[FULL STORY]
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Faster Write-Offs for Certain Capital Expenditures
Many small businesses that invest in new property and equipment will be able to write off most or all of these purchases on their 2009 returns. The new law extends through 2009 the special 50 percent depreciation allowance, also known as bonus depreciation, and increased limits on the section 179 deduction, named for the relevant section of the Internal Revenue Code. Normally, businesses recover these capital investments through annual depreciation deductions spread over several years. Both of these provisions encourage these investments by enabling businesses to write them off more quickly. The bonus depreciation provision generally enables businesses to deduct half the cost of qualifying property in the year it is placed in service.
The section 179 deduction enables small businesses to deduct up to $250,000 of the cost of machinery, equipment, vehicles, furniture and other qualifying property placed in service during 2009. Without the new law, the limit would have dropped to $133,000. The existing $25,000 limit still applies to sport utility vehicles. A special phase-out provision effectively targets the section 179 deduction to small businesses and generally eliminates it for most larger businesses.
Bonus depreciation and the section 179 deduction are claimed on Form 4562. Further details are in the instructions for this form, found at http://www.irs.gov/pub/irs-pdf/i4562.pdf.
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