Equipment leasing and financing makes sense for most small businesses in America, although many business owners are unaware of the benefits. Nearly any type of equipment, in nearly any industry can be leased and financed. And, with Section 179 of the United States tax code, business owners can deduct up to $500,000 for equipment in 2013.
Business owners must hurry though, because the tax deduction is set to be reduced to a mere $25,000 in 2014! Check out our infographic below to learn more about When Leasing Makes Cents.
According to the U.S. Small Business Administration 85% of all companies lease equipment. So, you should leasing if you do not have adequate funds or do not have the credit to purchase assets, then leasing is a great option.
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