Taking a Look at the Section 179 Deduction Carl Villella As the fiscal year draws to a close, it may be worth considering Section 179 to lower your tax burden for 2023. To refresh your memory, Section 179 allows a business to deduct the full purchase price of certain equipment for the year it was put in service. By deducting the full purchase... Read More December 2023 Issue #15293 Page 57
Are Current Interest Rates Affecting Business? Carl Villella Over the last few months, we’ve been adjusting the rates on our factor sheet upwards as the Fed continued to raise interest rates. The Fed has now raised its target rate to the highest level in 22 years, to 5.50%. Despite the higher rates, we have not seen the demand for funding slowing... Read More November 2023 Issue #15292 Page 61
Surprising Resilience Tempered By Lingering Pressures in Quarter 4 Lesko Financial Services Team As the Fourth Quarter got underway, there were strong signs that the U.S. economy remains resilient, despite stock market volatility and consumers beginning to express some wobbles in confidence. But the crisis in the Middle East, political divisiveness in the U.S., and chaotic developments... Read More November 2023 Issue #15292 Page 78
Why Your Local Bank May Not Be Your Best Option Carl Villella It’s easy to consider the bank down the block for your financing needs. After all, it’s close and you know the bank manager; it seems like you’re at the branch a lot dealing with the in’s and out’s of everyday business. But, is that bank always your best option for... Read More October 2023 Issue #15291 Page 77
Grow Your Business with Low Upfront Costs Carl Villella Investing in new, or even used, equipment can be a game-changer, but the upfront costs can be daunting. Many vendors are requiring a 50% deposit with the order, even though lag times for delivery of the equipment can run up to nine months or longer. That means your cash outlay that could be used... Read More September 2023 Issue #15290 Page 81
Why Use a Broker? Carl Villella For many, the first thought that comes to mind when they hear the word “broker” is “middle man,” and extrapolating that into thinking that by using a middle man, the funding costs will be more expensive. It’s a false assumption. And it goes deeper than that. Some... Read More August 2023 Issue #15289 Page 66
Economic Resilience Despite Lingering Recession Fears Lesko Financial Services Team The U.S. economy started the second half of 2023 with a sense of resilience and more optimism than last year at this time. Inflation has been trending downward since its peak in June of 2022; the Federal Reserve hit the ‘pause’ button on interest rate hikes; the job market has been... Read More August 2023 Issue #15289 Page 72
The Robust Pace of Commercial Financing Carl Villella Economic activity, as we see it here at Acceptance Leasing and Financing Service, is robust. If the current pace of funded deals continues as it has for the first six months of 2023, we will have a banner year, surpassing any year in our 30-year history. We are funding transactions from a... Read More July 2023 Issue #15288 Page 58
The End of Interest Rate Hikes? Carl Villella For those concerned that interest rate hikes will continue, the Fixed Income team at the Capital Group believe the last hike of 0.25% in early May will most likely be its last of the cycle. Many economists share that perception. After 10 consecutive hikes by the Fed, inflation is cooling at... Read More June 2023 Issue #15287 Page 64
CS150 Shows Revenue Gains Dropped, Big Differences Persisted Between Lumberyards, Home Centers, Specialty Dealers Craig Webb Dramatic falls in lumber prices caused America’s biggest sellers of building materials to record in 2022 less than half the revenue gain they achieved the year before, Webb Analytics’ latest Construction Supply 150 (CS150) reveals. The group, which arguably accounts for two-thirds... Read More June 2023 Issue #15287 Page 86