FLEET MANAGEMENT

  Managing a fleet of vehicles can be a very busy task. We can help

  with our fleet management program. Below are some of the services

  provided through our partner company called "Network".  You can

  pick the services you want to utilize:                               

                                         1. Maintenance and Repair 
                                            -  National Account Card
                                            -  Reduce Downtime
                                            -  Post Warranty Recovery
                                         2. Accident Management
                                             -  24 Hour Reporting
                                             -  Collison Repair
                                             -  Salvadge
                                         3. Risk Managment
                                             -  Driver Record Checks
                                             -  Point Assignment Program
                                          4. License and Title Management
                                             -  Flags Vehicle Tags
                                             -  Monitor State Changes
                                             -  Title Retention
                                          5. Value Added Services
                                             -  Fuel Management
                                             -  Emergency Roadside assistance
                                             -  Replacement Rentals
 For more information please contact me:  Phone # 425-251-6000
 or cell # 206-979-8015 or e-mail: larrya@nwfl.com

Tax Time Again

                     YOUR TAX BILL



Is your tax bill looking scary?

 Most business owners are looking for ways to reduce taxes and leasing may help. Why not pay for your equipment and vehicles in a way that could reduce taxes! The example below is intended to show how leasing can be advantageous.  It is not intended as tax advice. We suggest that you discuss this illustration with your tax advisor to determine how it will affect your situation.

When a lease is structured correctly, it can provide a potential tax benefit. That's because the lease payment is a fixed expense and it is paid out of gross profit (Pre-Tax Dollars). The payments reduce the taxable gross profit; therefore the tax bite is reduced.

If a business entitiy is in the 34% tax bracket (Maximum Corporate Tax Rate), it will save 34 cents in taxes on every dollar it pays in the lease payment (Sales Tax included).

Here's the example:

Click on the example to enlarge

In effect, Uncle Sam is picking up 1/3 of the total cost. In addition to the potential tax benefit, a lease requires no down payment or large cash outlay. Lease financing is 100% financing which means the business entity will preserve its cash and its lines of credit for its working capital needs.