While that maxim has been used hundreds of times, in 1868 the first print version said: “As in a game of cards, so in the game of life, we must play what is dealt to us, and the glory consists, not so much in winning, as in playing a poor hand well.”
It’s a motto I try and live by in all facets of my life ‘cuz there really is no time to cry in the corner!
We’re spending a fair bit of time with our lawyers, accountants and advisors navigating our way ‘round H.R. 1 of the 119th Congress and there’s much to be learned. The big thing for us here in “lease land” is 100% Bonus Depreciation is now permanent and that’s huge! Being able to expense the whole kit and caboodle in Year One works great for your tax bill or for the tax bill of your favorite lessor…hint, hint. Extension of the 2017 TCJA individual rate cuts beyond their 2025 sunset is pretty cool too and as we continue to read and research, you can feel free to give us a call and we’ll share what we learn.
There is also broader eligibility for businesses to deduct borrowings related to equipment finance and that will make EFA’s rise in popularity since they are more like a loan and very common for things you finance that are embedded in your buildings, e.g. chillers and LED lights.
Yes, there’s lots going on ‘round the globe and in your backyard and mine with, today, a fairly stable economy; reasonable liquidity in the capital markets; and, Ringo Starr turned 85 last month!
So let’s get ready for Q4 as the Bureau of Labor Statistics tells us the average U.S. salary today is $65,470 vs. February 9, 1964 as Ringo first appeared on Ed Sullivan when it was all of $4,576.