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Ok, let’s continue our series on why an equipment financing company is better than the bank. And we’re up to reason #4, which is “compensating balance”. Now what is a compensating balance? Well, it’s nothing more than the bank saying “hey, we loaned you one hundred thousand dollars… the least you can do is have [...]
You know I can’t go more than 3 or 4 posts before I mention Section 179. And being that we’re right smack into the height of tax season, I figured now would be a great time. So how did you do? You saved a bundle, I hope. Because last year was a GREAT year for [...]
You read it here folks!! Posted on January 6, 2012 Ok, let’s predict sports first, because we’re all still in a sporting frame of mind. For the Super Bowl, I see… the NY Giants. I know, I know, a lot of you think I’m nuts, and that Green bay [...]
Ok, it’s a New Year – 2011 to be exact. As someone who grew up in the 80’s, it’s really sobering to think of what year it is. Back then, the “Year 2000” seemed soooo far away. Yet, we’re now in the second decade of the millennium. Time certainly marches on. But this isn’t a [...]
BIG TIME good news – Section 179 is back, and it’s back with a vengeance!! On September 27th, 2010, HR 5279 (aka The Small Business Jobs and Credit Act of 2010) was passed, and it contained some MAJOR changes in regards to Section 179. In effect, it raised the limits, it brought back an old [...]
Section 179 Deductions
Happy New Year! We've reached 2012 - and time once again to claim your Section 179 Write-Off for this 2012 tax year!
If you want that new piece of equipment or the latest software to fire up your business - don't hesitate to contact me to learn more about Section 179 Qualified Financing!!
Recent Thoughts by Fletch
- Reason #5 why an equipment financing company is better than a bank – Financial Statement Covenants
- Reason #4 why an equipment financing company is better than a bank – Compensating Balance
- It’s tax time – did you take advantage of Section 179?
- Reason #3 an equipment financing company is better than the bank – we don’t want your first born (or your kid’s college fund) as collateral.
- Reason #2 an equipment financing company is better than the bank – the Upfront Costs are lower.
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