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Ralph Petta

Ralph Petta is the president and chief executive officer of the Equipment Leasing and Finance Association (ELFA), 1825 K Street NW #900, Washington, DC 20006, 202-238-3400, www.elfaonline.org. ELFA is the trade association that represents companies in the $1 trillion equipment finance sector that includes financial services companies and manufacturers engaged in financing capital goods.

Articles by Ralph Petta

The Silver Lining of Lease Accounting: What to Know About the New Standard

Leasing and finance are the most common payment method used by businesses to acquire equipment and software. Here are some newly enacted benefits that shops will realize through new changes in accounting and tax laws.

Benefits of Financing Remain with Lease Accounting Changes

The new lease accounting standard by the Financial Accounting Standards Board will not impact shops wanting to acquire advanced manufacturing equipment to grow their business. Here are some of the changes on operating leases for capital equipment that your shop should be aware of and prepare for.