As the year ends, a few smart accounting decisions can make a meaningful difference to your tax bill and cash flow. Many business owners miss opportunities simply because they act too late. Before joining Tamarack, I spent 20 years as a CFO for an equipment finance company and experienced the busyness of year-end firsthand. As you enter this season, it is important to review non-performing assets and corporate taxes.

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One of the oldest and most common business plans in equipment finance is the broker-to-lessor transformation and goes like this: establish one’s brand as a finance broker, build customer and lender relationships, grow the business to the point where one can secure funding for the paper and become a lessor. One could say it’s a straightforward three-step process.

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What’s “new” today will not be the same as “new” in the future yet no one expects innovation cease – it’s part of our human nature and the driver of economic growth.

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