Former NFL greats Joe Montana and Jerry Rice, former Florida Governor Jeb Bush, and comedian Jay Leno highlighted the star-studded 2015 ATD at NADA convention and expo last week in San Francisco. This year’s event took place over a four-day period at the historic Moscone Center. Balboa Capital was an exhibitor at this year’s show. We had a large booth on the North floor with five commercial vehicle financing managers and a member of our vendor marketing team, each of whom networked with our existing dealer partners and prospects. This Balboa Capital equipment financing blog article features an overview of the event.
Cars, Trucks, Dealers and More
The ATD at NADA convention and expo is one of the premier automotive and specialty vehicle events of the year for dealers. At last week’s show, major truck manufacturers and hundreds of exhibitors showcased the latest equipment and technologies the industry has to offer. There were a number of informative workshops designed to help dealers grow their businesses. The workshops covered a variety of topics, including social networking, digital marketing, cash/asset management, dealership culture, and cybersecurity.
The Event in Pictures
Thousands of people attended the 2015 ATD at NADA convention and expo, and everyone had a great time. Truck manufacturers, exhibitors, dealers, business managers and consultants from around the country networked with one another throughout the day and into the evening at various events. The event was never short on entertainment; it featured lots of live music and award presentations throughout the day. Our commercial vehicle dealer financing team took photographs at the event, many of which are featured on Balboa Capital’s Pinterest page.
Shift Your Commercial Vehicle Sales into Overdrive
Balboa Capital works with commercial vehicle dealers throughout the US. We help them increase their sales with our industry-leading dealer financing program and online sales management system called Portal360. When you become a dealer partner of Balboa Capital, you’re taking the necessary step needed to get your commercial vehicle business on the road to success. Get started now by submitting your online dealer application through our website.
Lastly, we look forward to seeing everyone at next year’s ATD at NADA show in Las Vegas, Nevada.
Balboa Capital is pleased to announce the launch of our all-new website last week. We redesigned our website to provide users with a faster, easier and more secure way to apply for financing from any computer, laptop, tablet or mobile phone. Balboa Capital’s new website has the same great financing calculators and interactive tools that set us apart, and they have been updated with a fresh new look and improved functionality.
You Asked. We Delivered.
We listened to the suggestions and requests of our customers and equipment vendor partners and streamlined our new website to provide them with a better online experience. Users accessing financing information, calculators, and online application forms can find them quickly with streamlined navigation and content-rich categories for each of the industries and markets we serve.
Balboa Capital is a technology-driven financing company; we are committed to remaining at the forefront of our industry and adapting to new ways of doing business through innovative web-based technologies. We hope that you enjoy using our new website. We will be regularly updating it with helpful business information, blog articles, whitepapers, infographics, company announcements and case studies in our video testimonials section.
As we reported on our equipment financing blog a few days ago, the US Senate received a proposal to extend the Section 179 tax deduction to 2013 levels as part of a larger tax extenders bill. Last night, the Senate approved the measure by a vote of 76-16, and now it is on its way to President Obama’s desk, where approval is likely. An extension of Section 179 will benefit equipment manufacturers, equipment vendors and business owners nationwide.
If the President signs off on the Section 179 extension, business owners will be able to deduct up to $500,000 worth of qualifying equipment and property that was bought (or financed) and put into business use during 2014. It is important to note that the Section 179 extension, if approved by the President, expires on December 31, 2014.
Equipment That Qualifies
There are many types of equipment and property that qualify for the Section 179 tax deduction. These include business vehicles, office equipment, office furniture, computers, printers, software, machinery and manufacturing equipment. We recommend that you consult with your accountant to find out if the equipment you want is eligible for the Section 179 deduction.
When President Obama makes a final decision on the Section 179 extension, Balboa Capital will let you know. The clock is ticking, so visit our blog each day for the latest news.
Business owners in the United States received some positive news regarding the Section 179 tax deduction. In a meeting on December 3, the US House of Representatives passed a proposal to increase the Section 179 deduction from $25,000 to $500,000 for the 2014 tax year. This proposal still needs to be approved by the Senate and signed by President Obama, but the House’s passage is the important first step to making that happen. Balboa Capital keeps our customers and blog readers up to date with Section 179 developments as they happen. This blog article has the latest information you need to know about Section 179.
Section 179 Defined
The US Government created the Section 179 tax deduction to give generous tax incentives to business owners who add capital equipment to their operations. Under Section 179, business owners can deduct the cost of certain types of qualifying equipment and property on their income taxes as an expense. As of this post, the deduction limit is $25,000 for equipment that is bought or financed and put into use before December 31, 2014. The IRS website has a complete list of equipment that is eligible for the Section 179 deduction. However, you should always consult with your tax professional prior to making a capital equipment purchase.
What’s Next for Section 179?
As mentioned earlier, a big increase to the Section 179 deduction limit was just passed by the House as part of Bill H.R. 5771. If the extension does not clear Congress before the end of 2014, it will likely be discussed in January.
Invest in Your Business… Today
Some business owners are awaiting the final decision on Section 179 before making any equipment purchases. But why wait? The sooner you acquire equipment, the sooner you can put it to work for your company and get a nice tax break in the process. Balboa Capital is fully staffed during the last few weeks of the year, and our account managers are ready to help you secure fast financing for new or used equipment. You can apply for an equipment lease quickly and get a credit decision within one hour or less. Lastly, we fund 95% of our approved deals that have the necessary documents on the same day. Use our free equipment lease calculator to get started.
If your company is growing, you are probably hiring new employees to meet the needs of your customers. You might even be in the enviable position of outgrowing your current office space. As your company grows, having the right computers, servers, hardware and software is necessary to keep everything running smoothly and without any problems. That is where an information technology (IT) specialist can help. This Balboa Capital equipment leasing blog article discusses the important role that IT managers play at companies like yours. It also features tips on how to find the best IT manager based on your company’s specific needs.
The IT Manager’s Role
One person used to make up a company’s entire IT department. The core job responsibilities included managing email systems, fixing computers and updating business software systems. Today, technology is evolving at a rapid pace and placing demands on IT managers like never before. Sensitive company data is being stored on secure cloud-based servers, and employees are accessing files and sharing information from computers, laptops and mobile devices.
And with data security being a primary concern of businesses, many IT managers are responsible for providing risk-assessment reports and implementing security protocols and technologies. Lastly, it is not uncommon for an IT manager to oversee a team of web programmers, developers and analysts.
What to Look For in an IT Manager
Hiring an IT manager to oversee and manage your company’s information technology department is an important decision. There are a number of capable, qualified candidates out there, but finding the best one requires planning. Before you post a job opening, write down what your company’s IT needs are today, and what you expect them to be in the future. Adding a new office location, switching over to cloud software, and launching a new website are large business strategies that require expert IT knowledge.
So, look at candidates who are highly experienced in these areas, and who are well-versed in database management, information security, system administration and the myriad programming languages.
In summary, effective IT management plays a vital role in the overall performance of your company, and it starts by having the best-possible IT manager for the job. Balboa Capital hopes that you found this equipment leasing blog post to be informative and helpful.