Author Archives: theLeaseGuy
Happy New Year, everyone! Whew, that was some end to 2014, wasn’t it? But before we take a look at Section 179 for 2015, let’s recap 2014 a bit in regards to our favorite small business tax deduction. For most of the year, Section 179 sat at a maximum deduction of $25,000. I posted about it several times,… Read More »
Let’s do a little poem for the holidays… Twas a night in December In an office on a hill Where the executives all gathered With their accountant named Bill “Your taxes are too high” Said Bill with a frown We have nothing to claim To bring the number down “But what can we do?” The executive VP did… Read More »
Real quick post today, but I have big news. Section 179 is back!! Yes, it’s later in the year, but it finally happened. Our leaders in Washington (they are leaders, right?) have finally given Section 179 for 2014 a little love with the Tax Extenders Bill. And you thought it would remain at $25,000 all year… ahh, Fletch… Read More »
As readers know, I’ve done several posts on equipment leasing and different types of leases. And that continues today with the FMV lease. The FMV in FMV Lease stands for “Fair Market Value”. It’s also sometimes known as a “true lease” in business circles, probably because this structure was likely the original thought behind leasing. An FMV lease… Read More »
See, even Fletch gets a bit confused when all of these lease types are jumbled together. I say this because my last lease post was about the 10% purchase option lease, and at the end of it, I said “next we’ll talk about FMV leases”. But I forgot all about the 10% PUT Lease, which, truthfully, is the… Read More »