I’m on a bit of a Section 179 kick as of late, and wanted to mention something I’m sure I’ve talked about before, but it bears repeating: Section 179 can be used by any type or size business. Section 179 doesn’t care if you’re a sole proprietor, a partnership, or a corporation. It doesn’t care if you’re on… Read More »
In my last post, I went over book accounting and tax accounting. Now let’s take a look at how each views leasing. The first point I want to make is the one overriding factor that any business needs to determine is their goals for a lease first, then they should choose a lease that best meets their needs.… Read More »
Every year, I do a Fletch Predicts post in January, and this year was no different. But then Covid-19 hit, and threw pretty much everyone’s predictions for the year out the window. So I’d like a re-do. Here we go: I won’t predict sports winners, because at this writing, nobody knows if anything will resume. I’m a big… Read More »
As you know, I write about Section 179 a lot. Because it’s an excellent way for businesses to acquire equipment, and can really save a company a lot of money. But sometimes, I get frustrated with how Section 179 is often presented. I’m a plain-language guy, and once something starts to sound too much like an advanced-level economics… Read More »
This is it folks, the homestretch. If you want to use Section 179 for 2012, you’d better buy (or lease) your new (or new to you) equipment by midnight on 12/31/2012. Actually, it goes one better than that – you have to have the equipment installed / put into use by then. So just “buying” the equipment isn’t… Read More »