If you are planning to lease a car, make sure you read the fine print. I didn’t, and I was also somewhat ignorant (some might say stupid), and it ended up by costing me a lot. Plus, the dealership made out big time. Here’s the sordid story: About five years ago, I started my own business. I was… Read More »
This week I’m going to start a series on automobile financing and automobile leasing. This will need to be a series because there is just so much information in regards to buying vs. leasing that it could fill a book (tax advantages, which is best for a particular type of business, different types of leases and finance deals,… Read More »
I know that I’ve alluded to today’s subject here in previous posts, but this time, I’d like to devote an entire post to it, as it is important. For many small businesses, taking the plunge to finance equipment is a big step. After all, when all is said and done, you’re assuming a long-term commitment. So I want… Read More »
Now that the New Year is upon us, it’s time to make a New Years resolution. Mine is I’ll make at least a weekly post in this blog. There was also something about exercising in there, but I think the unofficial rule is the first resolution counts, and the rest fall under the ‘maybe next year’ column. So… Read More »
Have you ever wondered why many small business owners drive large SUVs? It’s not about projecting an imposing image or being environmentally indifferent. Rather, it boils down to a single reason: the IRS has made it financially advantageous via a provision called Section 179 of the US Tax Code. Understanding Section 179 Section 179 is a lesser-known incentive… Read More »