Year-End Moves: Finish Strong. Start Stronger.

Make the most of the final days of this year by evaluating your equipment needs and planning for the future. This is the best time to take steps to end the year stronger and position your business for success in the coming year.

It is important to have a plan and take steps today:

• Project your performance.
  Run the projections on how your business will finish the year. We are finding that many clients projections are coming in stronger than anticipated. Planning ahead will allow you the time to shop the best prices and leverage your investment to reduce tax liabilities. It could be as easy as a phone call today.
• Map your equipment needs.
  In any growing organization, there is a series of equipment needed to continue smooth operations, become more efficient and foster growth. Map the pieces of equipment that you are interested in purchasing over the next five years and begin sequencing the purchases based on the impact on your business. If you already have a map in place, take the time to review it and make changes based on your business needs. The market has been favorable for growth and businesses that originally planned to purchase equipment over the next 2-3 years are determining the tax benefits and financing structure available now make more sense for them to accelerate their timeline. See the current changes to businesses looking to invest in capital assets: One Big Beautiful Bill
• Identify tools to leverage based on your needs.
  With projections and an equipment plan in hand, you can identify which tools you can leverage to achieve your bottom-line goals and attain tax savings. While the opportunities can vary by industry, there are a series of key tools that all organizations can explore and do the math. In certain cases, these tools can be combined to maximize savings this year. Discover how the Power Pair: Section 179 and Bonus Depreciation team up to deliver even greater savings.

Make Your Next Move

These tools can be applied to a broad assortment of equipment, across any industry, to gain a tax advantage for this year, next year and even subsequent years. The Northland Capital team can help you understand the tools and navigate the opportunities based on specific equipment you are interested in.