INCOME TAX ADVANTAGES:
For income tax purposes a rental is considered as an operating expense and the monthly investment including all finance charges are therefore tax deductible.
Savings in VAT is achieved because the tax is not capitalised up front on the total investments but rather paid monthly with each rental. The 15% VAT on the rental will be regarded as an input tax and may be written off against any output tax collected. This creates significant savings for an organization to upgrade within the minimum rental period.
BALANCE SHEET RATIOS:
Rentals are completely “off balance sheet” and shown as an operating expense, thus improving on gearing ratios and return on asset ratios. (No note to the financial statements is required)
Rentals avoid capital expenditure budgets and reduce capital outlay as no deposit is required.
Due to the constantly changing needs and requirements of an organisation and the flexibility of the technology, it is imperative to allow for the upgrading either by the replacement or/or the addition to, of the system and present solutions. The rentals option makes allowances for any such eventuality.
The nature of a rental allows for monthly investments plans to be tailored to the organisations cash flow and constraints.
The period and escalation P.A can be utilised to best meet your clients’ requirements.
Short Term Rental
If you need to print, copy, scan or fax for a short period of time for an event, conference or just temporary extra capacity Short Term Rental is for you. The full service short term rental is an all-inclusive solution designed to meet your needs and your budget.
Our fleet of high performance mono and colour copiers and printers is available throughout South Africa for daily, weekly or even monthly short term hire. The cost of this convenient service includes delivery, installation, toner and 24/7 support if required. The solution can be tailormade to suite your exact needs.
Contact Nova Office today for a competitive quote for Short Term Rental.
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