My last post was about used equipment, and how there’s an advantage to getting the equipment now (as opposed to supply chain slowdowns making you wait.) I even mentioned financing used equipment, and also went a step further and added in that we finance private party deals (aka user to user, or in simpler terms, buying a used… Read More »
My previous post was about the Section 179 deadline, and how supply chain issues and delivery delays could derail some companies who wait too long to make their 2021 section 179 equipment purchases. And almost right away, my brain kicked into “and getting used equipment instead alleviates that” (since Section 179 eligible equipment can be new or used.)… Read More »
** 4th Quarter 2021 update: I wrote this post in May, and boy did it come true. The good news is by reading this now, you still have a decent amount of time to get your Section 179 purchase financed, delivered, and put into service. But definitely act now. In 2021, you need to pay close attention to… Read More »
Let’s wrap up my little “leasing and accounting” series by going away from the complicated, and embracing the simple. People ask me all the time “what is the best type of payment structure for my business, leasing or financing?” And I always answer with another question: “what is your company goal in wanting this transaction?” Here are the… 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 »