How to use your business cards

Sometimes we see people being miserly with their business cards. We have a saying that says: "Your business card is worthless until it is the hand of either a potential client, or someone who is in the position to refer business to you." You have produced your business cards for a reason. They are to let people know your name, your business and most importantly, how to get in contact with you. So be plentiful with your business card. Is there anything more ridiculous than someone saying or thinking "I won't hand out my business card to these people, because then I'll have none left." That is the point of having them in the first place, to get them out in circulation! When they are sitting in your wallet, they’re just pieces of cardboard, when they’re out in circulation, they are marketing tools.

Naperville Sun: Business: Morning Briefing: September 4, 2008

http://www.suburbanchicagonews.com/napervillesun/business/1144272,6_3_NA04_BIZBRIEFS_S1.article

Credit service caters to small business

Jerry Huang announced Wednesday the launch of Wirth Business Credit operation, part of a national business finance company that specializes in providing small business owners with financing options. His office is in Naperville.

Wirth serves small business owners whose financing needs range from $5,000 to $300,000 by providing lease financing for business critical equipment. According to a recent Equipment and Leasing Finance Association Report, U.S. businesses leased almost $600 billion in capital goods in 2006, yet credit lines are the dominant form of financing in the small business segment.

Visit www.wirthbusinesscredit.com/chicagowest or call Huang at 630-303-9325.

Visit www.wirthchicago.com

What is tax advantage of Capital lease?

http://wiki.answers.com/Q/What_is_tax_advantage_of_Capital_lease (9/3/2008)

A capital lease ($1 buy out lease) allows the lessor to take advantage of the accelerated depreciation methods, and/or the bonus first-year expensing method (e.g. section 179 deduction) for the leased asset. The lessor also gets to deduct the interest portion of the lease payments, which is greatest at the beginning of the lease. Theoretically, the aggregate deductions over the life of the lease should be equal. Thus, the lessor gets the benefit of accelerated deductibility, and therefore the desirable time value of money.

A capital lease allows the lessor to take advantage of the accelerated depreciation methods, and/or the bonus first-year expensing method (e.g. section 179 deduction) for the leased asset. The lessor also gets to deduct the interest portion of the lease payments, which is greatest at the beginning of the lease. Theoretically, the aggregate deductions over the life of the lease should be equal. Thus, the lessor gets the benefit of accelerated deductibility, and therefore the desirable time value of money.

Always consult your tax accountant before making assumptions about the tax impact of any financial transaction.

Group Touts Section 179 as 'Magic Bullet' to Lift Equipment Sales

http://www.monitordaily.com/app_enews/news.asp?news_ID=21926

Group Touts Section 179 as 'Magic Bullet' to Lift Equipment Sales

Finance experts say Section 179 of the Economic Stimulus Act has led to increased sales among equipment manufacturers as customers reap the benefits of the new tax deduction.

The economic stimulus package dictates that in 2008 businesses can write off twice as much equipment acquisition costs as an expense rather than depreciating the purchase over several years, with qualification extending to almost all tangible corporate property. If the company exceeds the $250,000 cap, the law features a provisional depreciation bonus that lets it write off up to half of the purchase in the first year, on top of the regular depreciation allowance.

And according to financial professionals cited by the informational group Section179.Org, equipment manufacturers, distributors, and resellers have experienced a boost in sales since the introduction of the Stimulus Act.

The group has launched a website to educate those in the industry and is urging its constituents to promote the benefits of Section 179 as a way of boosting sales. Group spokesperson Chris Fletcher went so far as to call Section 179 a "magic bullet to lift equipment sales."

"Because the Economic Stimulus Act of 2008 greatly enhanced Section 179, it's the perfect time for any business to buy new equipment" said Fletcher. "This means that everyone involved in any kind of business equipment - from the manufacturers to the distributors to the sales force - should make certain their client base knows all about section 179".