Advantages of an Equipment Finance Agreement over a Bank Installment Loan

The other week, I talked about one of the advantages of using an equipment finance company over a bank when it comes to financing equipment. In that article, I focused on the application process, and how much simpler it was. This time, I’m going to highlight some of the differences between an Equipment Finance Agreement (EFA) which is… Read More »

theLeaseGuy

The Economic Stimulus Act of 2008 and Section 179

There were big changes last week in section 179 of the US Tax code. If you recall, that’s the Hummer tax break that I wrote about here. Essentially, it allows a business to buy equipment and write off the entire amount (up to certain limits.) Well, last week, the Economic Stimulus Act of 2008 went into effect. You… Read More »

theLeaseGuy

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