November: Strategic Investments Today = Saving Money Tomorrow
Make Smart Business Investments Before Year-End
As the year wraps up, now is the time to consider equipment upgrades that could improve your operations and reduce your taxable income.
Under current IRS Section 179 rules, many business equipment purchases made before December 31 can qualify for accelerated deductions. That means you could write off the full purchase price this tax year instead of depreciating it over time.
Working Capital Loans:
Preparing for the Holiday Rush
Seasonal sales spikes can strain immediate cash flow.
Whether you’re stocking inventory, hiring seasonal staff, or increasing production, a working capital loan or line of credit can help you stay ready and responsive during the busiest season of the year.
Lower Rates Equate to More Possibilities for Homeowners & Homebuyers
Whether you’re considering a refinance to lower your monthly payment, buying a new home, or taking advantage of home equity before year-end, this is an excellent time to explore your options.
Financing established before the end of the year positions you for potential tax savings on mortgage interest incurred in 2025.
Fraud Prevention
October was Cybersecurity month, but with the holidays upon us, Harmony Bank wants to keep the conversation going. Check out our social posts for more tips on Friday’s Focus on Fraud. Your vigilance is always the best defense! Remember, utilize key tools like a strong password that you change often and multi-factor authentication when signing into confidential sites.
FOLLOW US FOR FRIDAY'S FOCUS ON FRAUD TIPS
Our Team is Always on the Watch for Fraudsters
Here's a recent example:
Two team members noticed something unusual with one of their regular customers; the customer starting cashing more checks than usual. Our team members compared notes and asked some gentle questions. That's when the customer said someone had contacted them through social media saying they had won $750,000 - but only if they followed their "instructions".
Thanks to our team members’ persistence, compassion, and understanding, they stopped a vulnerable customer from losing her entire savings.