A "true lease" or operating lease with a fair market value buyout allows the full monthly payment to be deducted over the term. This type of lease can also qualify for off-balance sheet treatment, which essentially means the lease payment may be treated as an "operating expense", and thus it's 100 per-cent tax deductible. Be sure to verify with your tax professional or advisor to see how your lease qualifies.
Qualifying equipment purchases are defined as tangible personal property. Some examples range from heavy machinery including manufacturing and printing equipment. Technology purchases also qualify such as computer hardware and software.
Leasing simply adds up to good business sense. A properly tailored lease program gives you the benefit of having the equipment you need minus the risk and financial pressures. Our lease programs will minimise the demands on your cash flow, eliminate investing in obsolete equipment, and keep your bank and other credit lines open to use for daily operations and marketing so you can grow your business.