Benefits of Asset Finance - QLD Capital Solutions
Asset and equipment finance plays a key role in Business. 1. Access to assets without a large upfront cost: Asset finance allows businesses to acquire the assets they need without having to pay the full cost upfront. This can help to preserve cash flow and working capital for other business needs. 2. Tax benefits: Businesses can claim GST input tax credits and tax deductions on finance payments depending on the type of asset finance. Businesses are also eligible to claim the depreciating value of the asset, reducing their taxable income. 3. Flexibility in payments: Asset finance can offer flexible payment options, like leasing, allowing businesses to align payments with asset-generated income. This is especially important for businesses with seasonal income such as farming. 4. Improved cash flow: Asset finance can aid businesses in effectively managing their cash flow by distributing the cost of an asset over time. 5. Asset mana...