It is hard enough for you to run your business, without having to know the rules for tax and accounts for HP, leasing and buying equipment .
Our team understands that every financial decision you make is important, and where or how you spend your money matters.
Some points to consider before making these decisions are:
- Will you be able to cover any maintenance costs that will incur should you buy equipment outright?
- Does your business have a good credit rating?
- Is your cash flow consistent enough to sustain monthly payments?
Our specialists can assist you in considering these points and can calculate the tax and VAT effect of each of the options, as getting it right can save you money.
We can also let you know how your accounts will look if you take out HP, if you lease and if you buy.
Lewis Brownlee is here to help you.
How we can help:
Making the right financial decisions for your business can be challenging, especially when it comes to options like hire purchase (HP), leasing, or buying equipment outright. Our experienced team is here to simplify the process and guide you towards the best solution for your business needs.
We’ll help you evaluate key considerations, such as whether your cash flow is steady enough for monthly payments, the impact on your credit rating, and how to handle maintenance costs if you choose to buy. By calculating the tax and VAT implications of each option, we can ensure that your choice maximises savings and aligns with your financial strategy.
In addition, we’ll provide clarity on how these decisions will affect your accounts. Whether it’s understanding how HP payments appear in your books, the tax treatment of leasing, or the financial impact of buying outright, we’ll give you the insight you need to make informed choices.
At Lewis Brownlee, we’re committed to supporting businesses like yours. Let us take the complexity out of these decisions so you can focus on what you do best—running your business. Contact us today to find out how we can help you make confident, cost-effective financial decisions.
If you would like to discuss your options with us, or would just like to speak to one of our Agricultural and Horticultural Specialists you can call us on 01243 782 423 or head to our contact page and they will be in touch!
