the Lease Guy | Financing Equipment, Vehicles, Software

The Two Different Accounting Methods – Book Accounting and Tax Accounting

Here’s something that’s a surprise to many non-businesspeople: There are actually two different accounting methods, and most successful businesses will compile reports and similar using both. The two accounting methods are: Book Accounting (which could simply be called “accounting”) utilizes Generally Accepted Accounting Principles (GAAP), whose rules are set by the Financial Accounting Standards Board (FASB). Tax Accounting… Read More »

The Advantages of Leasing Equipment – an Overview

I’ve had leasing equipment on my mind lately. Even though I’m quite schooled on the advantages of leasing equipment and I’ve spoken about it in this blog previously, I never really expressed just how flexible it is, and how it could help companies of any size, no matter their goals. I also never really got into the accounting… Read More »

It’s Your Money, And You Should Keep More of It

As I write this, the biggest issue on the minds of businesspeople everywhere is “taxes”. Of course, this argument has been going on for centuries (the USA was founded partly due to unhappiness with taxes), but there is a very valid point here. “Enough with the taxes” say small and mid-sized companies, and they’re right. Businesspeople, especially those… Read More »

Fletch Predicts 2021

So here we are at my annual predictions post. Let’s forget the fact that 2020 was a terrible year for any early year predictions, and look forward to 2021. And I do see room for optimism. But like always, let’s start out with the fun stuff: sports. As I type, the NFL playoffs are going on, and to… Read More »

2021 – Resolving to Stay Flexible

I usually do a prediction post early in the year, and indeed, that’ll be coming. But I realized I never really do a New Year’s Resolutions post. Maybe that’s because I generally don’t make them – I don’t feel the magic turning of the calendar means a “new you” or whatnot. But there is a change in the… Read More »

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