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Equipment leasing is called upon by businesses big and small as a cost effective and budgetable way of acquiring the latest technologies. Here we will run through the key reasons for leasing equipment versus purchasing technology and services outright. Firstly though, what exactly is Equipment Leasing? Equipment leasing is quite simply the process of acquiring...
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According to the The Department for Business, Energy and Industrial Strategy, £23.4bn worth of late invoices are currently owed to small firms across Britain, a situation which has forced the body to consider new measures and legislation to clamp down on late payers.The volume of late invoices has creeped up during 2020, not surprisingly due to COVID-19. Small...
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The new leases standard – IFRS 16 – will require companies to bring most leases on-balance sheet from 2019. Under the new standard, companies will recognise new assets and liabilities, bringing added transparency to the balance sheet. At present, many analysts adjust financial statements to reflect lease transactions that companies hold off-balance sheet. For the...
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