Financing a Small Business Start-up

With stats ranging from 50% to 80% of new businesses failing in the first 5 years, how can you increase your chance of survival? Having worked in commercial equipment finance for many years, I have sorted through my fair share of start-up applications. Imagine, if you will, a mountainous eyesore of unprepared hobbyists who are willing to risk… Read More »

theLeaseGuy

Section 179- Letting the Government Pay For Your Stuff

I have gotten some questions regarding my last post on Section 179 Deductions, mostly what types of equipment qualify for the deduction? Technical Excerpt: Section 179 of the United States Internal Revenue Code (26 U.S.C. §179), allows businesses to immediately deduct the cost of certain types of property” “Certain types of property”…. there’s the rub… Well the truth is,… Read More »

theLeaseGuy

Section 179

Before you start scratching your head while scrolling down the page looking for sections 1 through 178, I am referring to the US IRS Tax Code. It’s day 2 of the 4th quarter rush and a lot of the new recruits have no idea why it gets so crazy in the office during this time. Most of the… Read More »

theLeaseGuy

To Whom Am I Speaking?

I called a friend of mine last night, and his 5 year old daughter answers, saying “To Whom am I speaking?” I just about busted out laughing. It reminded me of what I am doing here… who am I? And why should you care? Well the first question is easy; the second question has to do with sanity… Read More »

theLeaseGuy

Section 179 Copier Example

I just read a recent post on another blog about how Section 179 was leveraged in the copy machine sales business. Special thanks to a member of the Print4Pay Hotel, who reminded me of Section 179 in the IRS Tax Code and how it creates “urgency”. I’ll use his quote here. “Time is limited as the asset must… Read More »

theLeaseGuy