The pros and cons of turning your home into a rental
If you’re buying a new home, you may have thought about keeping your current home and renting it out. In March, average rents for one- and...
Is it better to buy or lease business assets? The answer can be complicated. One rule of thumb: It's generally better to lease assets that will substantially decrease in value over time. Conversely, if the asset is expected to last longer than five years, the long-term costs associated with leasing may be greater than buying.
Leasing can be advantageous because:
On the other hand, leasing also has disadvantages, such as:
These are just a few considerations involved in the decision to lease or buy. Before you lock yourself into a contract, examine how it will affect cash flow, taxes and other factors.
Contact us. We can help decide whether to lease or purchase business assets. These decisions can have long-term implications.
If you’re buying a new home, you may have thought about keeping your current home and renting it out. In March, average rents for one- and...
If your business doesn’t already have a retirement plan, it might be a good time to take the plunge. Current retirement plan rules allow for...
If you operate a business, or you’re starting a new one, you know records of income and expenses need to be kept. Specifically, you should carefully...