Archive - August 2021
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Easy access to financing options could be most underutilized sales tool for equipment dealers
Posted On: August 31, 2021 by Falcon National Bank in: Manage your Business | Business Banking, Your Financial Life | Personal Banking
For equipment retailers, leveraging affordable financing options is almost as important as the product features you are selling, when closing the deal. Conversations between dealers and their clients usually start with defining what is needed to do the job: features, functionality, model and manufacturer options. The discussion typically moves into pricing and affordability. Letting buyers know, early in the sale process, that financing is available moves that buyer one step further down...
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Hiring an Independent Contractor: What Businesses Need to Know
Posted On: August 17, 2021 by Falcon National Bank in: Manage your Business | Business Banking
While there are benefits and drawback to almost any hire a company makes, independent contractors may pose a few unique opportunities and challenges. It is important to weigh all your options before you decide to make this change in your team. The Basics of Classifying an Independent Contractor The general rule laid out by the IRS is that an employee is labeled an independent contractor if the payer has the right to control or direct only the result of the work, not what...
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