While many of us will focus our attention on the seminars and panel discussions, we cannot help but also be drawn to checking out “what’s new” on the exhibit floor.
As we DJs enter the haze of smoke, lights and pulsating beats, the one question that will be on nearly everyone’s mind is “what am I going to buy this year?”
Almost Anything You Buy Can Be a Write-Off
You’ll be very glad to know that for any audio, lighting, electronics, or software you purchase in 2011, you can write-off the full cost up to a limit of $500,000 (and who has that much to spend?), rather than taking the standard deprecation deduction allowed by the IRS. How? Because of enhanced small business expensing (Section 179 expensing).
With so many great deals available at the DJ Expo, and historically low rates on credit cards, the “Perfect Mix” is available for you to make the investment in new gear this summer.
For those Mobile entertainers who started a business 2011, you can also deduct up to $10,000 as business start–up expenditure.
Jerry Bazata – Money Answer Man
Jerry Bazata has over 25 years of experience as a professional mobile entertainer. He is the owner of DJ Jaz Music and Entertainment, and J & J Marketing and Entertainment, a leading consultant to the event planning and music industries. Jerry is also a Vice President in the Global Commercial Bank-Business Banking Group of a global financial institution.
He has been a featured speaker numerous times at the International Bar & Restaurant Show in Las Vegas and the International DJ Expo in Atlantic City. Jerry’s charismatic, humorous and down-to-earth style allows attendees to get educated in an entertaining manner. He provides guidance and inspiration to help DJ business owners achieve their financial goals.
Additionally, Jerry has authored countless articles about financial and marketing success strategies that have appeared in a DJ Times Magazine and financial publications. His insights and forecasting abilities are second to none.
Jerry is a graduate of Sacred Heart University in Connecticut. He holds Bachelor of Administration Banking and Finance, and Bachelor of Administration Marketing degrees as well as an American Institute of Banking Sales Management and Theory Degree.