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South Texas
Machine Tool & Fabrication Show
June 23 & 24,
2010 - Pasadena
Convention Center
A two day showcase
of industrial products and services that supply this rapidly
expanding industrial region. The area's major machine tool dealers
including Hillary Machinery Inc, Paul Cody Machine Tools, Haas, and
others are expected to participate in this diversified industrial
show. Hillary Machinery Inc will have 2 machine tool booths
displaying Hyundai-Kia CNC Machines, Milltronics Conversational
CNC's, and Tsugami Swiss Style Machines.
Get
Directions - Download
Show Flyer - Download
Free Ticket
Kalmanek MFG
Grand Opening June 17, 2010
Partners Ken
Kalmanek and Adam Wirries to hold grand opening on June 17, 2010 at
their new facility in Spring, Texas. Their shop is up and running and
open for business. Join Ken and Adam as they kick off Kalmanek MFG
with good old fashioned Texas BBQ. They need a head count so please RSVP
R.S.V.P.
Ken kalmanekk@yahoo.com
or Adam awirries@yahoo.com
or Call 281-352-0515
Texas home
sales up almost 5% in first quarter
Texas home sales
rose almost 5 percent in the first quarter compared with year-ago
levels. And statewide median sales prices increased more than 3
percent to $141,500, the Texas Association of Realtors said Monday. http://www.dallasnews.com/sharedcontent/dws/bus/stories/050410dnbusTexassales.10e5c669.html
Texas has one
of country’s best small business climates
The Small Business
and Entrepreneurship Council has ranked Texas the second-best state
in America for small-business development for 2010. http://www.bizjournals.com/austin/stories/2010/05/03/daily7.html
Regional
Economy Continues to Pick Up Steam
Economic
conditions have firmed up in Texas over the past six weeks, and new
data and anecdotal evidence suggest that a recovery is under way in
the state. Texas payroll employment is growing at a modest pace, and
the Texas Business-Cycle Index has increased for three consecutive
months. <http://dallasfed.org/research/update-reg/2010/1003.cfm>
National
Economy Heading in the Right Direction
In the first
quarter of 2010, real gross domestic product (GDP) grew at a 3.2
percent seasonally adjusted annualized rate, in line with Bloomberg
survey expectations for a 3.3 percent increase. The initial estimate
released by the Bureau of Economic Analysis showed that half of
first- quarter growth was attributable to inventory investment. <http://dallasfed.org/research/update-us/2010/1003.cfm>
Texas Economic
Indicators May 2010 Federal Reserve Bank of Dallas
The Texas economy
continues to pick up steam. Texas employment continued to expand in
March as the state added jobs for the third straight month. Housing
starts and existing-home sales increased, reflecting improvement in
the Texas housing sector. Monthly real Texas exports rose in February
and were up 22 percent from last year. Texas factory activity
strengthened for the sixth month in a row in April. http://dallasfed.org/research/indicators/tei.pdf
2010 Tax Incentives
Courtesy of Chuck
Arnold
- (214)
244-2076
The
HIRE Act of 2010 - The 'Hiring Incentives to Restore
Employment Act' of 2010 passed on a bipartisan Senate vote of 68-29
extended the enhanced Section 179 deductions of 2008/2009 into 2010.
Businesses can now write-off up to $250,000 of "qualified
property" during the 2010 tax year - subject to a phase-out if a
business has capital expenditures exceeding $800,000.00. Please note
that the HIRE Act does not extend the 50% bonus depreciation that was
available in the 2009 tax year.
In 2010, the maximum Section
179 write-off is $250,000. These tax savings could be used to make
some of your monthly payments thereby reducing the overall cost of ownership.
Example of Tax Savings:
Section 179 Deduction + MACRS Depreciation: Equipment Cost: $275,000.00
Section 179
Expense (up to $250,000) |
|
1st Year
Depreciation Expense
(7 Year
Asset Depreciation for 1st Year = 14.29%) |
|
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Total 1st
Year Write-Off: |
|
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Savings on
Equipment Purchased/Leased Assuming a 35% Tax Bracket: |
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Net Equipment
Cost after Tax Savings: |
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Hillary
Machinery Inc Seeking Qualified Sales Engineer and Service Engineer
in Houston, Texas
Hillary Machinery
Inc is currently interviewing for (1) Machine Tool Sales
Representative and (1) Application/Service Technician to join our
Houston area sales and service team. Interested candidates should
submit their resumes via email to sales@hillaryinc.com; via fax to
972-767-3147; or call 972-578-1515 / 800-683-1516 for more
information. Hillary Machinery Inc is an equal opportunity employer. For
more information, visit our career page. |
