Driving down the road the other day, I saw some fuel prices that were well over $4 per gallon. Ok, it was diesel, but even the high-test gasoline was close to $3.80, and regular unleaded was $3.60. And from all indications, it’s going higher (this means we probably won’t be driving out to my mother-in-laws as often, what… Read More »
If you’ve spent any amount of time watching television, it’s likely you’ve seen the various commercials that purport to have banks and lending companies “compete” to offer you the lowest feasible rate. In the same vein, you may have also stumbled across online banner advertisements, promising unbelievably low monthly payments for mortgages or refinances. Regardless of whether they… Read More »
Hello, finance enthusiasts! Last week brought about significant changes to Section 179 of the US Tax Code, often referred to as the “Hummer tax break” in our previous discussions. Just to jog your memory, this provision allows businesses to purchase equipment and write off the entire cost, albeit with certain limits in place. Well, the Economic Stimulus Act… Read More »
Since I work in equipment financing, I’m often asked “Hey Chris, what are some of the advantages of using an equipment financing company over a traditional bank?” There are a lot of answers to that question, all of which I’m sure to go over at some point. But for today, lets start right at the beginning- at the… Read More »
Today’s topic has to do with S Corporations and taxes. This is more of a ‘corner me at the party’ type topic, but since I work in financing and leasing (hence the clever “Lease Guy” moniker), I have to have a broad base of knowledge in regards to taxes and the like (well, I like to think so,… Read More »