Ok, it’s been awhile – I can talk about Section 179 again. Because it’s back, baby!! Just this week, congress passed a job-creation / tax cuts bill that’s aimed at rewarding businesses who hire new people. Called The Hiring Incentives to Restore Employment Act (or HIRE – clever, huh?), it seeks to give tax breaks [...]
As the holidays loom closer, and we wind the year down, I want to give business owners yet another reminder that Section 179 is something that should be definitely on their minds/calendars. Especially since the economy has shown signs of life. In fact, I would wager that if new (or even used) equipment is something [...]
I’ll never forget my first experience with Section 179. It was well over a decade ago, back before I started on the equipment financing path I’m now on. In fact, back then, I worked a variety of jobs as I figured out what to do with my life (my wife says I’m still figuring it [...]
This post is about equipment finances and taxes, but it’s probably not in the way you think. See, usually when I write about something like this, it’s about the tax advantages of leasing equipment, or maybe about leasing tax write offs, or some other issue about taxes and leasing. But not this time – this [...]
Although most small business people are skeptical anyone other than the major banks, automakers, and the lucky few special interest groups will get much benefit from the massive spending proposed in the Economic Stimulus Bill of 2009 – there is at least one very bright spot! Increased Section 179 limits expected to be extended thru [...]
Section 179 Deductions
Happy New Year! We've reached 2012 - and time once again to claim your Section 179 Write-Off for this 2012 tax year!
If you want that new piece of equipment or the latest software to fire up your business - don't hesitate to contact me to learn more about Section 179 Qualified Financing!!
Recent Thoughts by Fletch
- Reason #5 why an equipment financing company is better than a bank – Financial Statement Covenants
- Reason #4 why an equipment financing company is better than a bank – Compensating Balance
- It’s tax time – did you take advantage of Section 179?
- Reason #3 an equipment financing company is better than the bank – we don’t want your first born (or your kid’s college fund) as collateral.
- Reason #2 an equipment financing company is better than the bank – the Upfront Costs are lower.
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