PLAN, PURCHASE, PROSPER EQUIPMENT FINANCING CAN SHAPE YOUR 2025 BUSINESS GOALS
Exquisite Lemon Bars INGREDIENTS
• 2 cups all-purpose flour • 1/2 cup powdered sugar • 1 cup butter, softened • 4 large eggs
• 2 cups granulated sugar • 1/2 cup fresh lemon juice • 2 tbsp grated lemon zest • 1/4 tsp baking powder • 1/4 tsp salt
As the end of the year approaches, farmers and small-business owners are gearing up for a crucial time — end-of-the-year tax planning. This often includes evaluating how equipment financing factors in, providing financial relief, and setting you up for future success. The best strategy for tax planning is treating it like a year-round event. If you’ve made money this year, it’s essential to understand how equipment financing can help you offset taxable income. Equipment Financing Can Save You Money Equipment financing at the end of the year can be an effective strategy to get the items you need while reaping some tax benefits. You can expect a significant tax bill if your business had a strong and profitable year. One method to reduce what you owe in taxes is by purchasing the equipment you need at the end of the year and filing a tax deduction under Section 179 of the IRS tax code. It allows business owners to deduct a significant portion of the equipment cost, which can reduce your tax liability. Additionally, end-of-year financing will enable you to spread the equipment cost over time. Assess Your Goals Looking ahead to 2025, you must assess your business’s status. Ask yourself if you are in a growth phase, trying to maintain your current operations, or downsizing. From there, you can determine your next steps and whether equipment financing is right for your business. Ask for Help
DIRECTIONS
1. Preheat oven to 350 F and grease a 9x13-inch baking pan. 2. In a medium bowl, combine flour and powdered sugar. 3. Cut in butter until the mixture resembles coarse crumbs. 4. Press mixture into prepared pan. Bake for 15 minutes or until lightly browned. 5. In a large bowl, whisk together eggs, sugar, lemon juice, lemon zest, baking powder, and salt. Pour over crust. 6. Bake for 25 minutes or until set. Allow to cool before cutting into bars.
Always be ready to ask for help. Understanding your options and when you might need extra guidance is critical to success. Brokers and financial experts can be an important resource for navigating the sometimes complex world of equipment financing. They can help you make major financial decisions and provide expert advice on funding and other business strategies.
We are finishing up the year strong! We are very grateful for our broker partners.
End-of-year equipment financing is more than just a tax-saving tool — it’s a way to set your business up for success in the new year. Take the time to evaluate your needs, consider where your business is headed, and don’t be afraid to seek professional advice. At CHB, we’ve helped brokers navigate complex financial decisions, guiding everything from equipment financing to business growth strategies and marketing. We’re here to help you finish the year strong!
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