Lease, Rent or Hire Office Furniture
Need office furniture but don’t have the budget for it?
The recession has forced a lot of companies to hold onto their cash. Even if the money is there people are being conservative on what they use it for. In response to this BFS is offering alternative ways that not only allow you to retain your capital and get the furniture you need but also enables you to get the tax man to pay for it. Now you can afford to get all that you need without skimping and scraping and get your businesses to perform optimally.
Lease
If you don’t want to compromise on purchasing the right furniture for your business but just don’t want to utilise your capital and affect cash flow, then this is the correct solution for you. For monthly repayments over 2-5 years you can structure your purchase of new office furniture in an affordable manner. You can write off the full monthly amount to tax as an operating expense and keep the furniture assets off your balance sheet. This facility is subject to your company fulfilling the finance approval criteria.
Rental (Long Term)
This solution is ideal for companies that do not want to acquire furniture. Some companies consider office furniture to be a depreciating asset that adds no investment value to the business and therefore should not go on their asset registers. Expanding companies for example would like to refurbish their office every five years and have a revolving facility to get a new consistent look every cycle.
For monthly or quarterly payments over 2-5 years you can structure your rental at a reduced finance rate and still get brand new office furniture of your ideal choice. You can write off the full amount to tax as an operating expense and keep the furniture assets off your balance sheet too. This facility is subject to your company fulfilling the finance approval criteria.
Hire (Short Term)
This solution of short term rentals on a weekly or monthly basis is suited for short term projects where there is no need for purchasing office furniture and flexibility is the priority. The same tax benefits as lease and long term rentals apply as no capital expenditure is utilised.
The office furniture available for hire is mostly pre-used furniture but where we differ from traditional hire companies is that we have a high quality, modern, well maintained, consistent range of furniture. You don’t have to worry about getting ancient mismatched odds and ends.