Tagged by: "Equipment purchases"
Traditionally, it's been easier for many businesses to lease rather than purchase new equipment since it costs less up front and can help you stay up-to-date with the latest technology. However, since Congress permanently set the Section 179 deduction limit at $500,000 in December 2015, small and mid-size businesses may qualify for a hefty tax break for buying equipment. Read More >
As many businesses continue to hem and haw about investing in new equipment (according to the Equipment Leasing and Finance Association), your company may be able to win a competitive advantage by taking decisive action and acquiring new equipment. For many businesses, new equipment offers the potential for moving the company in a new direction, increasing efficiency or boosting production. However, deciding to invest in new equipment is only part of the equation. You also need to decide how to finance your equipment — with a lease vs. loan? Consider the following four factors when weighing your decision. Read More >