Monday, April 23, 2018

Why You Should Upgrade Your Office Furniture In 2018


Now is the best time to upgrade your office furniture. Here’s why. On December 22, 2017 the US Congress passed H.R.1 (TCJA) also known as The Tax Cuts and Jobs Act. Business owners will receive some incredible benefits with the passing of this legislation. As a business owner, you can now deduct the purchase of new and used office furniture for 2018 off your taxes!


How the Tax Cuts and Job Acts will affect your business

The newly revised Section 179 deductions of the IRS tax code deals exclusively with business expenses. Under the 2018 rules, businesses can now deduct twice the amount (up to $1 million) of business property expenses as the previous year (maximum of $500,000) and the phaseout threshold has been increased from $2 million to $2.5 million.

In recent years, the bonus depreciation (the percentage for first-year) deductions have fluctuated making tax planning complicated. Now under TCJA, the new law increases the bonus depreciation deduction from 50% to 100% for five years and then gradually phases out the deduction over the next five years. This bonus deduction has been expanded to include “used” property allowing you to take the full tax deduction on the “used” office furniture you purchase this year.

The ability to deduct the purchase of new and/or used office furniture is a huge incentive for businesses to invest in themselves. In the past the economic stimulus acts only allowed you to deduct a portion of your costs however this new update allows you to deduct the entire cost of your furniture purchase.

Now is a great time to plan upgrades to your office space. This new law will allow you to take deductions for this year’s purchase of new and/or used office furniture provided the equipment was procured or financed and installed between January 1 and December 31, 2018.


How to plan your office makeover for 2018 with bfi

bfi is a full service business interior resource, providing consultative services, product solutions and technical assistance for office, healthcare, institutional, and government environments.

We have a professional staff of office furniture sales and design consultants who are happy to meet you and walk you through options for your new office furniture. We can help you transform your office space into a functional office space that works with practical office designs to meet your budget needs.

Our ability to structure dependable, convenient, cost-effective, long term partnerships and consistently delivering outstanding, well managed competitive services really makes it quite easy to do business with us. Let our office furniture consultants show you how we deliver fast, excellent, affordable office furniture designs for every budget. Contact our staff today.

The Bottom-Line

With the new tax bill benefits, it’s never been a better time to plan an office furniture upgrade with new and/or used office furniture options available.

About bfi

For over 70 years, Business Furniture, Inc. (bfi), has been a leader in furniture specification and furniture project management. With offices in Elizabeth NJ, Parsippany NJ and New York City, bfi is a nationwide resource managing product and service solutions, procurement, delivery and installation, furniture asset inventories and reconfiguration services and 24/7 online customer service. bfi is a New Jersey authorized Herman Miller office furniture dealer. We offer thousands of products from more than (200) of the world's finest office furniture manufacturers and employ over (75) professionals serving a diverse customer base in the corporate, governmental, medical, educational, architectural and design and real estate sectors.

For more information, contact Daniel Morley, President /CEO at dmorley@bfifurniture.com or 908-926-6157.

(disclosure, we’re office furniture dealers, not accountants, make sure you consult your financial advisor or accountant for more detailed information)

Friday, April 20, 2018

Will Cubicles Ever Be Cool Again?

If You Still Need Cubicles In Your Office, Here's How to Keep Them Modern and Fresh. READ ARTICLE

Source: Inc.

Monday, April 16, 2018

The Top 7 Office Design Trends to Watch in 2018

​Workplaces have come a long way. With millennials and Gen Z entering the workforce, office interiors have been constantly evolving. Modern design techniques have been incorporated to improve efficiency, enhance productivity, and inspire innovation.

Friday, March 23, 2018

Going Beyond the Work/Life Balance

Visit JLL's Human Experience website titled Workplace - Powered by Human Experience for a gimps of the future of work. VIEW NOW

Wednesday, March 21, 2018

The science of why sitting all day is bad for your health


Is sitting all day at work slowly killing you? The simple answer is yes. Staying in a fixed position for extended durations can have serious adverse effects on your health. READ MORE

Monday, March 19, 2018

Some sound advice on workplace design

Thoughtful design, paired with a change management program to educate staff, can both enhance connectivity and minimize distractions.

Open office design draws mixed reviews these days, and noise is one of the primary reasons. Spaces intended to facilitate the free flow of people and ideas often allow noisy distractions to travel, too. But thoughtful design, paired with a change management program to educate staff, can both enhance connectivity and minimize distractions. 

So how do we deliver workplaces that support our clients' goals for branding, functionality, and productivity?

READ ARTICLE
Source: Building Design & Construction

Thursday, March 15, 2018

Have you seen the new Orb desk from TheSenatorGroup? It's out of this world

Orb is a revolutionary desking solution that allows the liberalisation of space through 360 degree circular worktops. We’re not talking simply about cutting corners, far from it, Orb’s design permits a natural fluidity to the workspace allowing gentle crescents to be created through the simple interlocking of workstations.
READ MORE

Monday, February 19, 2018

5 Spaces To Support Creative Collaboration

Collaboration is one of the key focuses of business leaders today. It drives innovation and creativity, leading to new ideas and business success. Regardless of industry, teamwork plays a crucial role in our work. When workers are able to collaborate, they’re more likely to solve problems and generate innovative ideas.

According to a Global Workplace report, 96% of highly engaged and satisfied workers feel their company encourages teamwork and collaboration. To facilitate teamwork, it’s essential for employers to provide collaborative spaces throughout the workplace.

Genuine meeting places spur collaboration that helps migrate ideas around an organization, and give people the fuel to do their best work. Collaboration can happen in a variety of spaces, and it’s important to provide both casual and formal settings to support teams. Here are five spaces to support creative collaboration.

CONTINUE READING
Source: Coalesse