Archive - February 2019
-
The Top 5 Things to Know When Starting a Small Business
Posted On: February 26, 2019 by Falcon National Bank in: Manage your Business | Business Banking
"The people who are crazy enough to think they can change the world are the ones who do." - Steve Jobs 70% of small businesses are owned and operated by a single person.1 Two-thirds of all present-day college students intend to become entrepreneurs at some point in their careers.2 It takes just 6 days to start a business in the U.S., compared to a whopping 38 days in China.3 There are 28 million small businesses in the U.S., which outnumber corporations 1162 to 1. 4 Small businesses...
Read More -
Consumer Beware: Tax-time tips to keep you safe
Posted On: February 19, 2019 by Falcon National Bank in: Your Financial Life | Personal Banking
The headline of the first article in the February IRS newsletter reads: Don't be victim to a 'ghost' tax return preparer. Wow! What next! The IRS is now warning taxpayers about unscrupulous tax preparers, known as ‘ghost’ tax return preparers. These individual preparers do not sign the return, instead they are instructing the taxpayer to sign themselves and mail to the IRS. These preparers are making some quick fees based on their aggressive write offs and generous refunds. By...
Read More -
A Brilliant Deduction (Section 179)
Posted On: February 12, 2019 by Falcon National Bank in: Manage your Business | Business Banking
November and December are always busy months in the world of Commercial Equipment Financing. At the urging of their accountants, many of our customers rush to make last minute yearend equipment purchases. Why the big rush you may ask? Well, My Dear Watson, it comes down to the fact that they are running out of time to take advantage of the SECTION 179 TAX DEDUCTION. What is the Section 179 deduction? Most people think Section 179 is some complicated and mysterious tax code. Truth is, it is...
Read More