Twice in the last month, I wrote about some of the advantages of financing equipment through a company that specializes in equipment financing and equipment leasing, as opposed to going to a traditional bank. I feel like I’m on a roll here, so today I’d like to offer another advantage that equipment financing companies have over banks- and… Read More »
Whether you personally find it to be true or not, it would appear that the general perception of the media is that the country is teetering on recession. You almost can’t turn on the news without hearing the dreaded “R” word (however, to soften the blow and keep people watching this is almost always offset by the nice… Read More »
The other week, I talked about one of the advantages of using an equipment finance company over a bank when it comes to financing equipment. In that article, I focused on the application process, and how much simpler it was. This time, I’m going to highlight some of the differences between an Equipment Finance Agreement (EFA) which is… Read More »
Hello, finance enthusiasts! Last week brought about significant changes to Section 179 of the US Tax Code, often referred to as the “Hummer tax break” in our previous discussions. Just to jog your memory, this provision allows businesses to purchase equipment and write off the entire cost, albeit with certain limits in place. Well, the Economic Stimulus Act… Read More »
As tax season starts to ramp up, it’s an opportune time to delve into the topic of depreciation. It’s a term that’s often misunderstood, or not understood at all, somewhat like when your auto mechanic launches into a technical explanation of why your car is making that strange noise, and you find yourself nodding in feigned understanding while… Read More »