The US economy has improved significantly, but now many business owners are facing more unique challenges. The 2 biggest concerns we hear on a daily basis are the difficulty in finding staff and the challenge in getting material/supplies. There are a few strategies that may be helpful in tackling each of these challenges.


  • Consider looking for part-time help versus just trying to fill a full-time/salaried position. Many older skilled workers prefer working 10-20 hours a week. One of our clients in the trucking industry was able to hire 2 part-time drivers and set their schedule to equal almost a full-time driver.
  • Beyond posting jobs on Indeed or other job sites, a local vocational school that has graduates looking for work may be able to fill a position quickly.
  • Can any portion of your business benefit from automation? Even a simple voicemail system can eliminate time your staff gets tied up by
    answering/transferring calls.
  • Evaluate every aspect of your business to see where time is wasted. Can you outsource any portion of your business that consumes you/your employees time?

Supply Chain:

  • If there are parts/components that your business consistently uses, consider stockpiling 3-6 months of this inventory. If the supply chain issues persist into next year, or gets worse, your business can be partially protected.
  • If you have multiple clients asking for your product, consider asking them if a partial order would help their own production while you are working on their backlog. As an example, one of our clients works with several homebuilders, even though each homebuilder needs a certain amount of lumber to finish the job they don’t necessarily need it all at once.

We hope you and your business can overcome these challenges and have a successful second half of 2021.  If you have any upcoming equipment needs our team is available to discuss equipment financing options for your business.  Give us a call at (949) 271-5800, email at or chat us now at the chat box below.

What are the differences between Section 179 and Bonus Depreciation?

Prior readings: Section 179 Benefits, Bonus Depreciation

Section 179 is an IRS tax code that allows you to recover all or part of the cost of qualifying equipment, by deducting it in the year you put it into service, and Bonus Depreciation is another incentive that allows businesses to immediately deduct a percentage of the purchase price of eligible assets, rather than write them off, over the useful life of the asset. Given how similar these two tax incentives are, here are some differences so you can understand how they are separated in your books.

Section 179 assets apply on an asset-by-asset basis, whereas Bonus Depreciation applies by asset class. Section 179 can apply to a partial asset cost and will apply only to the extent of the company’s taxable income, with any remaining balance carried over. Bonus Depreciation applies to the full asset class and has no income or loss limitation to the deductibility of the bonus depreciation. In general, you take your Section 179 deduction first, followed by Bonus Depreciation.

The conclusion? How you choose to deduct is up to you and can be done in ways to benefit your business in the long run. Look at your types of leases and see what methods would best apply and how you want to treat your assets. Bonus Depreciation could go away and is currently planned to reduce in 2023 and sunset by 2026, so make a long-range plan so that your depreciation methods work for you when bonus depreciation is no longer around.