Hi all,
I went to buy a laptop yesterday through the business and was prepared to pay cash. I've always thought flexi rent was some what similar to selling your children in terms of financial evil but the sales guy was telling me is much better from a tax perspective.
Now I'm fairly certain that he's not licensed to give tax advice so I ignored him but thought I'd ask here instead.
Assuming $1k laptop for Simplicity sake, is it better to flexi rent or pay cash and write it off straight away? Let's say flexi rent was for a year.
I went to buy a laptop yesterday through the business and was prepared to pay cash. I've always thought flexi rent was some what similar to selling your children in terms of financial evil but the sales guy was telling me is much better from a tax perspective.
Now I'm fairly certain that he's not licensed to give tax advice so I ignored him but thought I'd ask here instead.
Assuming $1k laptop for Simplicity sake, is it better to flexi rent or pay cash and write it off straight away? Let's say flexi rent was for a year.