Equipment Leasing Blog

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Monday, November 23, 2009

Tax Deductions for Equipment Attainment

Business owners who acquire equipment for their business: machinery, computers, software, and other tangible goods, usually prefer to deduct the cost in a single tax year, rather than a little at a time over a number of years. This deduction is known by its section in the tax code, a Section 179 deduction. Under Section 179, businesses that spend less than $800,000 a year on qualified equipment, can write off up to $250,000 in 2009. The rules are designed for small companies, so the $250,000 deduction phases out when a business purchases more than $800,000 in one year.

For an illustration of how Section 179 can reduce the cost of acquiring equipment, go to the Tiger Leasing Tax Savings Lease Calculator.

What will happen in 2010 is anyone's guess. Politicians in Washington have not yet decided on what will happen to this provision in the tax code. So business owners should take advantage of it now, while it is available. They can further leverage this benefit by using a lease to spread the cash outlay over a period as long as five years.

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posted by Tiger Leasing @ 3:29 PM 0 Comments

Wednesday, November 18, 2009

The Credit Squeeze and Small Businesses

Lately, there has been a lot of attention given to the "credit squeeze" and how it's affecting small businesses. Anyone operating a business has to be a little unnerved reading headlines such as "Small U.S. firms face Credit Squeeze as Crisis Drags", "Banks Cutting Back on Loans to Businesses", and "Away From Wall Street, Credit Keeps Contracting".

Bankers are scared and rightly so - delinquencies continue to be on the rise and bank balance sheets have been damaged. So banks are only lending to their most credit worthy borrowers. Too often, the most credit worthy borrowers are determined to be the larger companies. Small businesses are left out in the cold. This has resulted in too many small businesses scrapping plans for expansion, or even having to close their doors for good.

When banks aren't willing to lend the money necessary for investing in new resources, it's time to find other alternatives. Small businesses do have options when it comes to increasing their business in these uncertain times. Tiger Leasing has put together the top 10 reasons why leasing is smarter than borrowing from a bank. Leasing companies have available lines of credit from a multiple of banks and other lenders. If you are a small business that has been in existence for at least two to three years and you as an owner have good personal credit, then it is likely that an equipment lease can be arranged quickly at very reasonable terms.

Equipment leasing allows you to acquire new machinery, software, technology, furniture, or whatever kind of equipment you need.Financing terms can be arranged that best fit your budget. The benefits of leasing are powerful, and can open up doors you may have believed were closed to your small business. Don't let the credit squeeze stand in your way.

With an uncertain economy it is important to find creative ways to keep your business running efficiently. Equipment leasing is one such way. Get innovative. Look outside the box. Get the information and facts to work around any road blocks the credit squeeze has put in front of your company's growth.


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posted by Tiger Leasing @ 3:54 PM 0 Comments

Thursday, November 12, 2009

Have you met BEN?

Tiger Leasing is proud to announce our newest team member, BEN. BEN is the Business Equipment Network. BEN can provide you with a list of vendors who have the office furniture, computer equipment, software, food and restaurant equipment, medical equipment, or audio, video, production and editing equipment you're looking for. BEN connects equipment vendors with those businesses looking to improve their productivity.

Tiger Leasing understands that it is important for you to know that you're getting the best value when acquiring new equipment and resources for your business. In the same way it is important to research any purchases you make for your company, it is also important to get all the information when you choose to lease. BEN allows you to compare your different pricing and service options so that you know you're getting the best deal. BEN makes it easy to find the exact equipment you need for your business, practice or restaurant from this expansive list of vendors across the nation.

BEN allows business owners to create connections with equipment vendors. You can learn about the latest equipment offered from network members, share tips and strategies for maximizing value for equipment leasing, and much more.

You can connect with BEN in a couple of different ways. Check out BEN's Home page on the Tiger Leasing Web site. Log in to Facebook and become a member of BEN's Facebook group. However you choose to access BEN, you can be sure that it is our way of giving you the information and facts that you need to make the best business decisions. Growing your company can be a complex process, so let BEN make it easier than ever to make sound decisions.

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posted by Tiger Leasing @ 2:18 PM 0 Comments