National Funding: Departments for Cloud Software

An old processing model has returned to the business scene with a fancy new name, “cloud computing.”  National Funding encourages clients to evaluate the cloud software options for major business functions.  Advantages realized from cloud computing include remote data storage, up-to-date software and technical support.  Certain business departments should be using cloud computing options to prevent growth barriers from impacting revenue generation.

HUMAN RESOURCES

Payroll and employee records have substantial legal requirements.  Taxes, benefits and employee rights require constant updates to the software and business practices of the firm.  National Funding recommends using cloud software because of the automatic updates and leadership realized from expert software providers.

ACCOUNTING

Invoices, accounts payable and accounts receivable can be managed more easily in the cloud.  Employees will find better data entry processes and more expansive reports in these vast software packages.  National Funding challenges clients to speak with other companies and ask about the cloud computing options used in other firms.  Choices are important because data conversion can be time consuming later.

MARKETING

Automated marketing efforts, such as emails, coupons and social network updates, allow the decision makers to create a marketing plan that is executed.  Timing is essential for effective outreach to customers.  Creation of videos can create interest in the website that increases the number of people who visit the landing page.  Clients should be creative and consistent in using the cloud for marketing.

National Funding knows that clients who embrace cloud computing experience lower costs, increased productivity and faster growth.  Business processes will be followed more completely when the entire team is using software that can support major operations.  Growth is essential to continue to grow the revenue potential.  Barriers are removed since the cloud will grow with the business.

National Funding: Who Owns the Equipment?

Equipment acquisition used to follow one model: a business bought the equipment and owned it outright.  National Funding believes there are many ways to acquire expensive business equipment.  Incurring debt in a weak economy can place the company in a precarious financial position.  Lease agreements with the proper end-of-lease terms allow companies to acquire equipment without incurring debt.  Monthly payments are affordable for the current operation.  At the end of the lease, the client or the leasing company will have ownership of the equipment.  Each situation is unique, and the client has the flexibility to choose which pieces of equipment to own.

The client should own equipment with long useful life at the end of the lease.  A wide variety of lease terms must be leveraged to allow the client to acquire equipment without incurring debt.  Certain lease terms would include years of payments to make equipment affordable.  Other lease terms would last a matter of months because the equipment must be replaced frequently to avoid obsolescence.  Each specific situation can be addressed through appropriate lease agreements through one of many leasing companies.  Specialists will work with the client to find the best leasing company for each type of equipment.

At times, a client will discover that the lease terms no longer match the situation.  Leasing specialists can work with the client and the leasing company to devise a strategy to correct the situation.  National Funding is an advocate for clients when situations arise.  New lease terms could benefit both parties if the right questions are posed.  Success in leasing is possible when the client has ideas about the best approach.  Leasing companies know that finding new customers is challenging.  National Funding strives to match clients and leasing companies for the best possible agreements.  The right party will end up owning the equipment when the leases end.

National Funding: Tax Benefits for Equipment Acquisition

Each year, Congress writes legislation to encourage certain activities in the business sectors.  National Funding encourages all clients to investigate Section 179 of the IRS tax code.  In 2012, the code was enhanced to allow businesses to deduct the entire price of equipment in the same year.  Up to $139,000 can be deducted when equipment is leased or purchased and installed in 2012.  Tax preparation should include a discussion with the tax advisor to determine if Section 179 applies.  Important tax advantages reduce the tax burden and improve cash flow.  Businesses are encouraged to make capital purchases for equipment when significant changes are made to the tax code.

 

Most types of equipment fall within Section 179.  Vehicles, software and production equipment are the most common types of equipment that businesses purchase.  National Funding knows that proper use of the tax code improves cash flow for business growth ventures.  Companies must take advantage of every legal tax incentive, especially when equipment would propel business growth.  Equipment leases are included in Section 179.  The company would not be required to save large sums of money before replacing old equipment.  Business growth can be accelerated with better equipment.  A tax advisor can answer specific questions concerning Section 179.

 

In 2013, the same deduction will be reduced to $25,000.  National Funding has worked with many clients throughout 2012 in the quest to acquire new and used equipment through lease agreements.  Lease specialists strive to find the best rates from each vendor.  Restaurants, trucking companies, construction companies and manufacturers rely on the lowest possible lease terms to acquire the most advanced equipment.  Claiming every possible tax deduction ensures that the cash will be available through the coming year.  National Funding will continue to make new vendor agreements to provide many equipment choices for every client.