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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5 Ways Accurate COGS Helps Improve Profitability
Accurate Cost of Goods Sold (COGS) helps improve profitability by giving you the information needed to make pricing decisions that grow revenue over expenses, so you can focus your time on cutting costs and creating a better experience for your customers. With accurate COGS you’ll know the exact cost of each item you sell and… Read more »
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Why Top Line and Bottom Line Matter and How to Grow Them
The top line and bottom line in business are important figures on a company’s income statement. Find out which one’s more important for long-term growth.
READ THE STORYAccurate Cost of Goods Sold (COGS) helps improve profitability by giving you the information needed to make pricing decisions that grow revenue over expenses, so you can focus your time on cutting costs and creating a better experience for your customers. With accurate COGS you’ll know the exact cost of each item you sell and… Read more »
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Why Top Line and Bottom Line Matter and How to Grow Them
The top line and bottom line in business are important figures on a company’s income statement. Find out which one’s more important for long-term growth.
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What Is a Break-Even Analysis?
What is a break-even analysis? This formula will help you determine how many sales you need to make a profit. Here’s how.
READ THE STORYFood trucks have become a popular and affordable way to break into the food industry. Although cheaper than opening a restaurant, the initial costs of the truck, cooking equipment, and permits can all add up. Financing these costs can ease this pain with benefits like lower upfront costs, better cash flow, and potential tax deductions.… Read more »
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How to Finance Heavy Equipment for Small Businesses
As a small business owner, your dream of expanding, innovating, and running your operations efficiently lies in one critical factor: acquiring the right equipment. Whether you’re a startup or an established company, acquiring heavy machinery, up-to-date technology, or specialized tools is essential. How Does Heavy Equipment Financing Work? When you need to acquire equipment for… Read more »
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What Is Revolving Utilization?
What is revolving utilization? Here’s a look at this important part of your credit score, including the best ways to improve yours.
READ THE STORYKnowing if buying a franchise is a good idea comes down to the amount of risk you’re willing and able to take on both financially and socially right now. If right now is not a good time for you to buy a franchise, then this could be the time to prepare yourself. That way, you… Read more »
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Resources for Female Entrepreneurs | National Funding
Women are starting businesses in greater numbers than ever before. These five organizations offer resources for women in business to help them succeed.
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10 Grants for Women-Owned Small Businesses
Imagine getting the money your business needs with no strings attached. Grants are funds provided by governments or organizations. Unlike loans, grants don’t come with the expectation of being paid back. Grants can offer much more than just free money – they offer mentorship, education, and a meaningful stride toward dismantling gender inequality in entrepreneurship.… Read more »
READ THE STORYThe 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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Are Small Business Loans Tax Deductible? | Tax Deduction 101
Check out the following rules to find out if your loan payments are tax deductible.
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What Equipment Qualifies for the Section 179 Deduction?
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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