Tag: lease equipment
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Acquire assets and borrow money tax efficiently
Most businesses will need to borrow money at some point, whether when starting up, funding growth or purchasing equipment. It is possible to cut the cost of borrowing by doing it in a way that reduces your overall tax bill. Tax relief on borrowings is not sufficiently exploited by some businesses. Tax relief may offset…
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Decide whether to lease or buy assets
To be able to operate successfully, your business might need to acquire assets or capital equipment, such as plant or machinery. These assets may include office furniture, computer equipment, company vehicles, engineering machines or service equipment. You could buy all of this equipment outright, or you might decide to rent or lease it instead. There…