Of the many benefits of an equipment lease, one
of the most pertinent this time of year is the tax benefits. Certain
types of lease buyouts, such as the FMV (Fair Market Value), may create
tax advantages for your company. With a "true" lease,
your entire payment can be deducted from taxable income, allowing you
to write off equipment expenses more quickly than if you owned the
equipment. You expense the use of the equipment over the term of
the lease, usually five years. The shorter write-off period means
a larger deduction each year, lower taxable income and decreased tax
expense.
In addition to the advantages of conserving
working capital and preserving existing bank lines of credit, leasing
business equipment rather than paying cash may be very beneficial
during tax time. If you currently have an equipment lease,
remember to explore the tax advantages with your accountant this
year.
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First Star Capital is growing! We are
pleased to announce two new additions to our team:
Melissa Todd - Sales
Coordinator
Steve Lee - Equipment Finance
Specialist
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First Star Capital is a national leader in all
types of equipment financing and leasing. We operate in all 50
states and are currently offering some of the most competitive programs
in the country. Our transactions are funded both internally with
private label lines of credit as well as externally with some of the
most competitive and flexible funding partners in the nation.
These diverse funding resources allow First Star the flexibility to
undertake a variety of transactions. Nothing is too big or too
complex.
First Star Capital...Tomorrow's Growth Today
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