Taxes by the Book: A Biblical Guide to Tax & Business Management is now available on line at http://www.hiscpa.com/blog/category/www-hiscpa-com-taxes-by-the-book-a-biblical-guide-to-tax-business-management/ It will be published here in full and is a must read for all seeking to take God's Principles to Tax & Business Management
Often companies selling capital assets will have business relationships with lenders who are able to offer at competitive rates, financing for many fixed asset expenditures. These have the added advantage of convenience as often you are handed from the purchasing to the financing department with nary a ripple of adversity. Also leases often offer the lessee the ability to limit their initial contribution, as leases often require no down payment. An often-overlooked provision is the buyout provision at the end of a lease. These allow a lessee to purchase from the lesser the capital expenditures/item leased at a previously agreed to price, a $1, fair market value or a stated percentage of the original purchase price. Often these clauses are overlooked by a lessee but should not be as an asset might continue to have deeply valued and intrinsic use well after the consummation of the final lease payment. Frequently as well, these provisions of lease agreements and promissory notes are negotiable and may be changed simply by asking.
Selecting a funding vehicle that is not right for your business is tantamount to putting a square peg in a round hole. Navigating through the myriad of options will be a critical part of the long-term viability and success of your business. We assist you in obtaining, reviewing, and comparing your financing options and proposals guiding you towards the best fit for your business.
John Dillard is a Christian Speaker/Author and CPA (All Rights Reserved). To See how he takes Christ along with him to work visit http://www.hiscpa.com/ (An Atlanta CPA firm) and for his latest book Overcoming Life's 9/11's: Job's Journey and to learn about his ministry.