Finance and Marketing

Archive for September, 2009

Company vehicle leasing can offer many wonderful benefits for any type of business. It is often more cost effective and it allows them to have late model vehicles all the time. There are always newer models that come along with great features that a business will want to take advantage of.

Company vehicle leasing means you will have a great warranty in place as well. Should there be something wrong with the vehicle during the warranty period then it is going to be taken care of by the company. Either they will fix the vehicle or they will offer another one to replace it. Most leases also cover the vehicle should it be involved in an accident by a licensed driver of your business. Therefore you don’t have to worry about a loss when something like that happens.

Generally you will have better luck negotiating a deal for leasing a vehicle than buying one. Some things you can get to decide include the size and type of vehicle, the number of months you want to lease it, the interest rate you are willing to pay, and even others that you wish to put on the table.

The routine maintenance as well as oil changes are often free when you take part in company vehicle leasing. This is important as these things will help to ensure that the vehicles are reliable and operating as they should. You don’t want to be in need of a company vehicle but not have one ready to go that is up to your standards.

Company vehicle leasing can also help to lower the amount of money that owed for income taxes at the end of the year. When a vehicle is purchased for business use it can depreciate quickly. Also, only a portion of the cost will be allowed to be used as a deduction. With a leas though the full amount of the payments for that lease period will be covered.

In any business there is already enough to take care of on a regular basis. Company vehicle leasing allows you to get all the great benefits but you can avoid the different types of hassles. With the economy, you also don’t have to worry about not being able to sell vehicles you no longer need for a fair price.

The government is making it easy for homeowners to save on their taxes this year. Whether you’re a first time buyer, or just renovating, there are a number of savings out there.

Save The Environment and Money Too!

Thanks to the $700 billion bailout plan, going Green in 2009 can net you some juicy tax credits. A number of incentives that are especially helpful for people living in older homes, include:

- Credit for 30 percent of the cost of a photovoltaic solar energy system. For a wind energy system a homeowner could receive up to $4,000 or 30 percent of the cost of installation of a home windmill system.

- A $1,500 credit for installing energy efficient windows, doors, water heaters, roofs, insulation, heating, or a central air system in 2009 or 2010.

Sell Your Home and Pocket the Profit

Selling your home at a profit provides a juicy tax break if it was your main residence for at least two of the past five years. Singles don’t pay taxes on profits of up to $250,000, and married couples have a $500,000 threshold. If, you owned the home for less than two years you may still qualify for gain exclusion if you sold your home due to job, health or unforeseen circumstances (such as divorce or death). Ensure that you have the necessary documents to back up your claim, such as a doctor’s letter.

Your First Home Tax Credit/Loan

First time home buyers are entitled to a $7,500 tax credit if they earn less than $75,000 a year (couples may earn up to $150,000). If a buyer has not owned a home in the past three years, and falls in the eligible income range, they can take a tax credit worth 10% of the home’s sale price, up to a maximum of $7,500. This applies to homes that have closed between April 9, 2008 and before July 1, 2009, and can be applied to either the 2008 or 2009 taxes.

The really nice part of this tax perk is that it is a true credit. If you owe $8,500 in taxes, the $7,500 credit comes off the top, leaving an amount owing of only $1,000. In addition, it is refundable, which means if you owe less than $7,500 in taxes, the government will send you a check for the difference.