The Section 179 tax deduction gives vehicles under 6,000 pounds that are used for business purposes a deduction cap of $12,400 and $30,500 for vehicles over 6,000 but under 14,000 pounds.* If the 6,000- to 14,000-pound range seems better, you can upgrade a feature like an engine and you may cross the 6,000-pound threshold, allowing… Read more »
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Lenders use UCC filings to show what they can claim if a borrower defaults on a loan. In addition to listing what the lender is legally entitled to, the report can also show other UCC filings from previous loans. Whichever lender files first is the one that gets first access to the listed assets, and… Read more »
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Launching a first franchise is an amazing experience where you get to be your own boss, so it’s common for the appetite for added success to kick in. Knowing when to launch your second and third franchise comes down to research, planning, and striking when the opportunity is hot. This guide will help you determine… Read more »
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Debt and equity financing both give you the funds to grow your business, but in different ways. If you like to be in control and make the decisions, debt equity like a small business loan from a lender is better than equity financing because you call the shots. When you are going into an uncertain… Read more »
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Both small business lenders and business credit rating agencies like Dun & Bradstreet look at debt ratios because: The ratios indicate how much of your total business value you already owe to other creditors. They show how likely you are to make payments when repaying a loan. Together, they tell a story about how you… Read more »
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The Section 179 tax deduction offers business owners with an exciting opportunity to save substantially on their tax bill. Find out what is considered Section 179 qualifying property.
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If you’d like to use the Section 179 deduction to buy business equipment, make sure you understand the latest rules. Here are the key changes for 2021.
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Building business credit is crucial for small businesses as it enhances their ability to secure financing opportunities and improves financial stability. A strong credit profile can lead to better interest rates, higher credit limits, and more favorable terms from lenders and suppliers. This financial flexibility supports business growth and operational stability. However, business owners often… Read more »
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