Category Archives: Small Business

Coca Cola need not read this

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 »

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 »

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 »

Automobile Financing- Buying vs. Leasing (Overview)

Automobile Financing- Buying vs. Leasing (Overview) This week I’m going to start a series on automobile financing and automobile leasing. This will need to be a series because there is just so much information in regards to buying vs. leasing that it could fill a book (tax advantages, which is best for a particular type of business, different… Read More »

Here’s Some Great Tax Advice – Hire an Accountant

Today is January 17th, meaning there are less than three months remaining until tax day (forgive me, but us finance guys treat tax day like a major holiday. Now that I think about it, maybe this is why we don’t ever get invited anywhere). Anyway, being that I am a finance guy, every tax season, I get asked… Read More »