I was asked the following question via e-mail the other day: Hey Fletch, Forgive my ignorance, but you keep calling Section 179 a tax deduction, while you called the ITC a “tax credit”. What is the difference (if any)? Good question – a lot of people get confused by this, as they are definitely different. Here’s… Read More »
Thanksgiving is around the corner, so I thought I’d take a moment and give some Fletch-themed thanks: I’d like to give thanks to the government for realizing that small businesses needed help, and increasing Section 179. It’s definitely a step in the right direction. But it can go further. As I pointed out in another post, bringing back… Read More »
I just had a giant tree cut down at my house. An 80’ tall White Oak – it was growing right next to the house. I figured it to be at least 100 years old (probably more). I’m not one to just get rid of something so majestic, but it always made me a bit nervous being so… Read More »
BIG TIME good news – Section 179 is back, and it’s back with a vengeance!! On September 27th, 2010, HR 5279 (aka The Small Business Jobs and Credit Act of 2010) was passed, and it contained some MAJOR changes in regards to Section 179. In effect, it raised the limits, it brought back an old friend, and it extended… Read More »
Not that congress asked for my assistance or anything, but as an equipment financing guy, I do have my ear to the ground when it comes to the economy. In fact, I’m right there where the rubber meets the road – small to medium sized businesses buying equipment… in fact, you don’t get a much better economic barometer… Read More »