HP Laptop Repair |
Do you have an
out-of-warranty
HP laptop you need
repairing?
We have repaired
over 200,000 over
6 years.
Want to know more?click here
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Leasing |
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Leasing Benefits
Tax Relief - Lease payments are 100% tax deductable
No Capital Outlay
Spreads the cost of your solution through its useful working life
Avoids large single one-off up front payments
Easy budgeting
Variety of repayment profiles to suit all budgets
Monthly, Quarterly, Half Annually, Annually
Avoids using essential bank credit lines
Build out the obsolescence in the IT system
Easier upgrade routes when compared to paying cash
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Leasing Example
Your company wants to buy a new server with all the latest gadgets, 10 new PC’s, a laptop and a fancy new colour printer. This all comes to a nice round figure of £10,000 + VAT. So here are two ways to purchase the equipment
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Outright Purchase
Your company pays a cheque on delivery.
Immediately you are £11,175 out of pocket but as you are VAT registered you can claim £1,175 back in what could be up to 3 months time.
So now your money is tied up in the new equipment and you are not able to put that £10,000 pounds to good use. But, over the next three years, your company can claim back 25% of the balance per year against tax.
It goes something like this:
Purchase Price of equipment £10,000
1st year, 25% of £10,000 = £2,500 leaves £7,500
2nd year, 25% of £ 7,500 = £1,875 leaves £5,625
3rd year, 25% of £ 5,625 = £1,406 leaves £4,219
So that’s £2,500 + £1,875 + £1,406. That’s a total claim of £5,781 against pre tax profits.
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Lease Rental
Your company leases the new equipment over the next 3 years, paying £919 plus VAT per quarter.
So out of your original £10,000 budget you still have £8,897 to spend on generating new business.
Now the beauty of leasing is that not only do you keep a healthy bank account with great cashflow, but every payment you make is 100% tax allowable against any pre-tax profits, as shown below
100% of 12 quarterly payments of £919
That’s a total of £11,028 that can be claimed back against pre tax profits, a saving of £5,247 in tax over 3 years when compared to outright purchase.
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CRM Systems Support Ltd. 1, Lyons Road, Trafford Park, Manchester. M17 1RN
Tel:0161 877 1777 Fax:0161 877 4888 Website:www.crmsys.co.uk
Company reg no 4103841
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