2007 Section 179 Increase

Just a heads up . . . The Small Business and Work Opportunity Tax Act of 2007 was signed by President Bush on May 25th and one of the sections was good news for alpaca breeders and small businesses in general. The provisions of Section 179 in excess of $100,000 (adjusted annually for inflation) were extended through 2010. Originally the deduction was scheduled to be reduced to $25,000 that year. So the new law extended the higher threshold of Section 179 by one year and increased the 2007 limitation from $112,000 to $125,000. The law also increased the annual phase-out of Section 179 from $450,000 to $500,000.

It's nice when tax legistation is in our favor for a change.

Don't forget to sign up for the tax seminar being presented by Peggy and Fred Kraft at Northwest Alpacas on Friday, November 30th.

http://www.alpacas.com/AlpacaInstitute/CourseDetails_ODS5.aspx

Updates-Cria #9 and Tax Training

The babies are doing great--catchin' some rays and enjoying the sun. Who says alpaca breeding is all work and no play.

The most recent arrival was on Wednesday, July 11th--his arrival greatly destroyed the axiom that crias are born during the daylight hours--how does 2:00 in the morning sound! He goes by the name of Jitterbug--the first cria from Bugaboo and a full Peruvian stud by the name of Trey. Name a color and this little guy probably has it somewhere on his busy little body. A Jitterbug he truly is. Bugaboo came out of a group of animals from Canada and at the age of six had never previously delivered a cria. To say she didn't originally know how to handle the little guy was an understatement--but after a few days with the rest of the moms on the farm she has figured out how to be a mom and she is doing a great job. He has already gained three pounds and his IgG was off the chart. He and Sinatra (shown above) immediately hit it off and have been a team since they first met.

Just a heads up--I am currently scheduled to be teaching another tax class at Northwest Alpacas in Hillsboro, Oregon, on November 30th--the link appears below:
http://www.alpacas.com/AlpacaInstitute/CourseDetails_ODS5.aspx

And don't forget our Summer Sale--Cash terms allow you to buy one alpaca and get the second of equal or lesser value for 1/2 price; all financed rates have been reduced and other discounts are available. Check out the site--select your alpaca or package of choice--the new babies are still coming and it is a great time for you to get some wonderful genetics for your herd at a great price. Don't forget--90 days is the same as cash and we do take credit cards.

Look forward to hearing from you. One of our favorite parts of the alpaca business is farm visits so we want to thank all of you who have dropped by this summer--be sure to stop back so you can see how the babies have grown. If you have never been to the Oregon Coast in the summer--you are in for a treat--come on out and stop by for a visit. Sinatra sends a reminder--Don't forget to bring your shades!