Renting Business Equipment and Your Bottom Line
by Rebecca Button on February 25th, 2008
Starting and running a successful business is expensive. To defray costs associated with business equipment, the ability to rent, rather than purchase outright, is an option exercised by business owners. Upfront costs to procuring business equipment, such as computers, copiers, printers, and furniture, are much lower by renting than buying. However, the tax ramifications can hurt when Uncle Sam comes asking for his check. Here is a look at how the two business equipment procurement strategies differ. There are two main benefits of renting business equipment rather than owning. First, renting may be the only way a new business can... Read more »