August 2010 | Citywide E-News
Talk to Your Accountant about New Tax Benefits
Related to New Hires & Equipment
Citywide Banks always encourages responsible growth for our clients. In fact, there have been times over the years when we have advised a client or two to hold off on incurring debt. We don’t believe in “lending a business into trouble” because we only succeed when your business succeeds. That’s one way we add value to our long-term relationships with growing businesses.
Another way we add value is keeping you informed about the resources available to help maximize your profitability. Recently, the Hiring Incentives to Restore Employment (HIRE) Act created opportunity for savings via payroll tax exemptions and tax credits for hiring previously unemployed workers. The bill also offers an allowance for qualified small business owners to write off equipment investments of up to $250,000 in 2010, instead of taking years to depreciate.
Your Citywide Banker is ready to meet with you and your Accountant to discuss how these incentives might fit into your business planning. We have money to lend for working capital, hiring, and equipment purchases, and the HIRE Act incentives might just be the springboard you need to keep your growth plans on schedule.
Kevin G. Quinn, President & CEO, Citywide Banks
303-365-3706 |
