More and more people look to business leasing to manage their office equipment costs.
Lease payments are pre-tax operating expenses, the cost of leasing could be fully deductible. Rather than deal with depreciation schedules and alternative minimum tax problems, you make lease payments and deduct them as business expenses. The degree to which the customer can benefit will depend on their type of business, industry and financial situation.
The benefits of leasing...
- Up to 100% Tax efficient Leasing payments are up to 100% tax allowable. Every payment that is made on a leasing agreement could qualify to reduce a business's Corporation Tax bill and can dramatically reduce costs.
- Improves cash flow Leasing allows you to purchase equipment that is important to your business and keep valuable cash in your bank that may be used for other projects that are not as tax efficient.
- Let the machine pay for itself If the equipment you are purchasing will be a profit centre for your business it is easy to work out how many hours / jobs per week that it needs to do to pay for itself!
- Quick turn around Approvals and documents can be turned around within 24 hours.