Financing your business and buying all the needed equipment might be an uphill task especially if you are just starting out. Leasing equipment can boost your business and help you acquire essential but expensive equipment without the full costs. Here are some other benefits of leasing equipment for your business: Tax advantage The lessee gains tax advantage by being permitted to claim the payment associated with the leased equipment as part of the business expense. This lowers the company’s taxable income. Accounting for the full payment of the leased equipment is also easier on the company accounting since the financial statements can be found on the general ledger. Saves money… Read More
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