Buying additional assets presents an opportunity for significant financial and tax saving opportunities.

For instance, what type of assets you purchase, whether they are new or old, how much they cost, and when you time the purchase can all make a difference.

In addition, how you plan to pay for the assets has significant impact. For example:
  • Should you purchase or lease the assets?
  • What's the annual percentage rate (APR)?
  • Should you finance with your existing bank or seek out new sources?
  • If you lease, will the IRS consider the transaction a lease or will you be forced to capitalize the transaction as if it were a purchase?

 

These are all major issues that need to be addressed before the transaction is complete. Contact us for advice and guidance. The financial and tax implications can be significant.


 
Copyright 2013
Brought to you by Ross Hughes & Associates, CPAs, PLLC

 
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