LatestNews

This blog will highlight recent events and notices involving Kingswood Leasing

8th Annual Bowl-A-Thon

| Zeb Wright

“It Takes A Community To Raise A Child”

Dover Children’s Home 8th Annual Bowl-A-Thon A Huge Success!

Approximately 400 community members of the greater Dover area came together Valentines Day and raised over $27,000 for the Dover Children’s Home. This fundraiser is held annually to help raise funds to meet needs not covered by their budget. This event, along with two others held yearly, make up about half of the overall operating budget of the non-profit for a year.

Kingswood Leasing Raises Most Pledges

The “Kingswood Kingpins” were proud to raise the most pledges for the event this year and edge out the reigning 4 time fundraising champions, The Dover Police Charities.

We Could Not Have Done It Without…

You!  Every contribution counts, especially to the lives of the kids each dollar affects. But a special shout-out must go out to our top donors:

  • Pawnee Leasing
  • Financial Pacific
  • Global Financial

We are so grateful and inspired by your generous donations and support!

Bowl-A-Thon Makes Local News

Karen Dandurant covered the event and published an article in the popular seacoast Fosters.com news forum:

Bowl-a-Thon raises money for Dover Children’s Home

You can also read all about the event and other DCH news on their Facebook page.

Thank You! Thank You! Thank You!

We cannot say “Thank You” enough! You all made this event so extraordinary for us! Your support got more of us involved in our community than any year before. We were so proud to present all your donations to the Dover Children’s Home and get our ‘bowl-on’ with our fellow community members. Even if you could not donate this year, we sincerely appreciate the support that was showed to us. Kingswood Leasing is proud to serve businesses, and proud to support our community.

Kingswood Needs Your Help To Support Local Children’s Charity

| Zeb Wright

Support Us For The 8th Annual Dover Children’s Home Bowl-A-Thon

Kingswood Kingpins Strike Again!

The Kingswood Kingpins are ready to get our “bowl on” with friends and family while helping to raise critical funds to support programming for the at-risk children in our community. This is one of our favorite events of the year where we can join other local businesses to support a great cause in our area.

Please Pledge Your Support!

While our goal is to raise more than we ever have before, every dollar counts for these children in need. All pledges are 100% tax deductible and can be made at Make A Pledge, where your tax deductible receipt can be printed. Cash or checks made out to “Dover Children’s Home” are also acceptable.

Please join us in supporting at-risk children in our community by pledging for the Kingswood Kingpins player or team of your choice. Your pledges are so sincerely appreciated.

About the Dover Children’s Home

Dover Children’s Home is dedicated to enriching the lives of adolescents and strengthening their family relationships through the highest quality residential treatment services and educational programs. Their commitment to evolving and designing new treatment programs sets the standard for excellence in the field and enable those children facing life’s most difficult challenges with the means to grow and live healthy, productive, and independent lives.

History

Dover Children’s Home was organized to ease the plight of children and families who suffered due to the recessions of the 1890s and has continued to serve the needs of under-privileged children for more than 120 years. During the depression of the 1920s, more than 60 children resided in the Home. In 1939, the state of New Hampshire requested that the Home limit its number of children to 50. This number was subsequently cut to 45 after World War II. Over the years, the Home transformed further to providing intermediate-level residential care, case management, and therapeutic services to vulnerable youth ages newborn-20.

 

Services

Dover Children’s Home is a non-profit, intermediate-level residential treatment program designed to provide a wide array of community-based services for boys and girls, ages newborn-20, who have been abused or neglected or who have committed delinquent acts.

For more information about Dover Children’s Home, visit our website at www.doverchildrenshome.org.

Kingswood Swears In New Vice President

| Zeb Wright

Brian Ouhrabka begins 10th year as the new Vice President of Kingswood Leasing

Dover, NH – Kingswood Leasing is proud to announce that Brian Ouhrabka has been promoted to Vice President. Brian just recently celebrated the beginning of his 10th year with Kingswood Leasing. Brian started with the company in September of 2005 after graduating from Providence College with his B.S. in Marketing.

As Kingswood Leasing enters its 25th anniversary in business, we couldn’t be more proud of the banner 2015 we had providing more capital to businesses than any year before. And the Executive with the most growth during that time was Brian Ouhrabka. Brian’s extensive experience with funding sources, combined with his personal attention that he delivers to his clients, has allowed Brian to double the value of his account portfolio over the past year alone. We look forward to supporting Brian’s continued success .

In appreciation of his services he has been promoted to Vice President and is taking a more active role in the marketing of the company’s extensive knowledge and resources in the hospitality business. He is the first non-family member to hold such a position but then we feel like he is part of the family. – Clifford Metcalfe Jr, Owner & President

Join us in congratulating Brian and his future with Kingswood Leasing.

IMPORTANT NOTICE: Section 179 Expanded

2015 Tax Hike Act
| Zeb Wright

Section 179 Expanded & Permanent

This new law expands the available deduction under Section 179 up to $1,000,000 and makes this type of deduction permanent for subsequent years to come.

Summary of Guidelines

  • Available deduction is now up to $1,000,000
  • The first-year bonus depreciation is set at 100% for any amount over the $1,000,000 write off amount
  • Available for tangible New or Used Equipment that is actively used by the business
  • Equipment must be purchased and installed to qualify for a deduction in a given tax year

What Does This Mean To Me?

If you are buying equipment you will want to know how much money you can save on your equipment purchases. And if you are selling equipment you will want to be able to show how much this law can save a customer on their equipment purchase. Either way, a Section 179 Tax Savings Calculator is a valuable tool to have and use in order to see how much money is at stake. All of our calculators have this tool and have recently been updated to reflect the changes this new law will enact.

Using The Calculator

All one has to do to see how much one can potentially save is to enter the cost of the equipment you want to purchase and hit the “Section 179 Tax Savings” button. No other information is required to use the Section 179 Tax Savings Calculator. One can also input their effective federal tax rate to personalize the savings calculation (the default tax rate is set at 21% for businesses). The calculator will show you a summary of IRS Section 179 Write Off & Bonus Depreciation savings and how they affect the bottom line of your equipment costs. You can even print out this summary with any quote. We suggest that you do print out the summary and provide it to your tax adviser, who can confirm whether or not this type of tax application is best for your specific situation.

Kingswood Has A New Website!

KingswoodLeasing.com
| Zeb Wright

KingswoodLeasing.com has been upgraded! The site has been redesigned with one primary focus – helping business succeed.

Kingswood Leasing has over 24 years of experience providing commercial capital solutions to equipment buyers and equipment sellers alike. Our web presence needed to fulfill the same mission of providing an industry leading experience at our valued clients finger tips. With this critical mission in mind, the site has been redesigned specifically for the use of equipment buyers and equipment sellers.

Equipment Buyers have new resources to educate themselves on the available types of financing, the different industries and equipment that Kingswood specializes in, financial documents and forms at their fingertips to download, and a terminology glossary for any unfamiliar financial terms that may be seen. And as always buyers still have access to our financial calculators and secure online application, both of which have also been upgraded to improve our equipment buyer’s experience.

Equipment Sellers have new resources as well in order to take full advantage of everything Kingswood can do for them. Equipment sellers looking for an in-house finance department or an alternative to their current finance broker can apply online and be approved within 24 business hours. Equipment sellers who want to learn more about the benefits of working with Kingswood have resources at their fingertips to compare Kingswood to other commercial finance brokers, download financial documents, browse pre-approved equipment, and find answers to commonly asked questions.

Kingswood Leasing has been leading the way for equipment financing in the hospitality industry for over 24 years. In that time Kingswood has also learned how important it can be to have access to capital for more than just equipment. Working Capital loans have been an ever-increasing part of Kingswood’s commercial capital portfolio and Kingswood is now poised better than ever to offer working capital loans to all of our clients. Those who are interested in learning more about alternative finance solutions or are ready to apply for a working capital loan now have the resources to do so.

Kingswood has also learned how much credit histories can affect a credit decision. The world revolves around credit, whether you are opening a business, purchasing a house, a car, or equipment for your business. Good credit is a major factor in obtaining any loan or lease, and the stronger your credit is, the greater your ability to save hundreds to thousands of dollars of your money. Kingswood has introduced an affiliated Credit Repair program that will deliver personalized attention to each individual’s unique credit history in order to increase your credit score and get the most out of your credit. Unlike most credit monitoring services, our program is temporary, and focuses on removing inaccurate and unverifiable items from your credit bureaus. Individuals interested in a free consultation, now have online resources available to get started.

Our new website has many new pages, features and posts that we will continue to present to you, our valued patrons, as we move forward. We want to thank you for working with us in the past and look forward to help you grow your business. As always, we sincerely appreciate your feedback and the opportunity to earn your business.

Kingswood Crushes It At 8th Annual Dover Children’s Home Golf Tournament

Kingswood Leasing Cliff Metcalfe III Golf Team
| Zeb Wright

Kingswood Leasing was proud to be a sponsor and participate in the 8th Annual Dover Children’s Home Golf Tournament. The tournament was again featured at the beautiful Links at Outlook in South Berwick, Maine. Participants competed for bragging rights and over $1,500 worth of prizes, as well as a chance to win a new Honda Accord as a hole-in-one prize.

Kingswood Leasing is a proud supporter of the Dover Children’s Home and their mission. Dover Children’s Home is dedicated to enriching the lives of adolescents and strengthening their family relationships through the highest quality residential treatment services and educational programs.

Business NH Magazine Names Kingswood Leasing in the “Top 20 Fastest Growing Family Businesses”

| Christine Moses-Chen

Dover NH- Business NH Magazine hosted their Ultimate Biz Bash at the Capital Center for the Arts in Concord NH, where Kingswood Leasing will be recognized as one of the “20 Fastest Growing Family Businesses”

Kingswood Leasing is proud to be listed as the 6th fastest growing family business out of the 144 other recognized companies.

In business since January 1991, Kingswood Leasing is a full service, family-owned and operated leasing company, specializing in leasing and financing programs for both vendors and end users, who are dealing with capital equipment transactions of all types.  Providing capital for all types of organizations, from the largest corporations to mid-sized companies to individually owned businesses.

Kingswood Leasing combines the personal service of a small company with the ample financial resources needed to get the job done.  The account executives are experienced, innovative, and creative experts in leasing and financing

Contact: Joe Hannigan

Marketing Manager

Tel 888-327-8121

joe@kingswoodleasing .com

“Sharing” in Foster’s Daily Democrat

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The following piece appeared in the May 6, 2011 issue of Foster’s Daily Democrat in the Letters to the Editor section. It was originally released as a Press Release.

Sharing

To the editor: Kingswood Leasing has taken advantage of the “Return to Work” program and has successfully added five employees to our staff.

On Monday, April 17, we had the chance to share our success with the Seacoast business community. Our president, Clifford Metcalfe Jr. was invited to join in a discussion about the state program “Back to Work” with Mrs. Sarah Morrissey of N.H. Somersworth unemployment, Mr. Timothy Dabrieo and Ms. Janine Parsons of the Greater Portsmouth Chamber of Commerce, and hosted by Mark Miller.

The Return to Work program takes “The Fear of Hiring” out of bringing on new staff members. This program gives the employee and the employer time to work together and become orientated in advance with the position and its responsibilities.

For up to six weeks the potential employee can work and be trained with no cost to the employer (even workers’ compensation is paid for by the state). The employee continues to receive unemployment benefits and if it does not work out, parting is easy and painless on both parties.

The stigma of hiring from the unemployment pool is a thing of the past. Each of the nine state unemployment offices has a representative like Morrissey who will work with the employer to prescreen applicants and find the right candidate for the job. They then go through the interview process, as you normally would. When you decide on a candidate, you get to observe them and start training them for 24 hours a week for up to six weeks.

Kingswood Leasing went through dozens of prescreened resumes and interviewed 4-5 people per position. We had a few come through first that we tried out and it just did not work. As said, on the show, anyone can act a certain way to impress an employer during the interview, but it is hard to keep up that act for 6 weeks without the truth showing through. While we do not want to disclose by name the employees who came to us through this program, the five staff members are doing a great job and two are approaching their anniversary.

As businesses approach new hiring today, I cannot stress enough how this takes the “fear” out of making the wrong choice. Info on this state program can be found on the web at www.nh.gov/nhes/nhworking/ReturntoWork.htm.

Kingswood Leasing has been helping small businesses grow for 20 years and is the premier lease broker. Find out more about them at www.KingswoodLeasing.com.

Strategic Partnership

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Kingswood Leasing is proud to announce that we are now a Strategic Partner with the New Hampshire Lodging and Restaurant Association. As such, you’ll be seeing our name more often in their publications and functions. We’ll be at the Member Mixer  May 24th at the Portsmouth Gas Light, hope to see you there!