What is depreciation?

Now that tax season is starting to heat up, I figured I’d spend a moment talking about depreciation. Because it is sometimes a misunderstood topic (or, not understood at all, like when the car mechanic says you have a warped colander bolt, which is interfering with the smeelie bar & that’s what is making the whooshing noise, to… Read More »

theLeaseGuy

Equipment Financing Made Simple

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 »

theLeaseGuy

An S-Corporation Tax Question

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 »

theLeaseGuy

Leasing a car? Then don't be as stupid as I was.

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 pretty… Read More »

theLeaseGuy

Automobile Financing- Buying vs. Leasing (Overview)

Automobile Financing- Buying vs. Leasing (Overview) 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… Read More »

theLeaseGuy