Tax advantages : Leasing payments can be deducted

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An often overlooked option for financing in the catering industry is leasing. Instead of investing large sums in the catering kitchen , furniture or technology, you can lease these items. This saves your liquidity and gives you the flexibility to stay up to date with the latest technology. In addition, leasing payments are tax deductible as business expenses , which is a nice financial bonus. However, this option not only offers advantages, but also has some disadvantages. You russia phone data should weigh both carefully before deciding for or against leasing. Advantages of Leasing Preservation of liquidity : One of the biggest advantages of leasing is the preservation of liquidity. Instead of spending large sums on purchasing kitchen appliances, furniture or technology, these funds remain available for other important investments or as a financial buffer. Current technology : Leasing contracts allow you to always stay up to date with the latest technology. Replaced or renewed appliances ensure efficiency in the kitchen and service area without having to buy new equipment every time.

from taxes as business expenses. This can reduce the tax burden on your company and therefore represents a financial advantage. Flexibility : Leasing contracts offer flexibility in terms of duration and conditions. At the end of the term, you can return the equipment, buy it or extend the lease under adjusted conditions. Disadvantages of leasing Total cost : Although monthly leasing payments may initially seem cheaper than purchasing, the total cost over the term of the lease may be higher than if you were to purchase the vehicle outright. Contract terms : Leasing contracts can contain restrictive terms, such as strict requirements for the use and maintenance of the equipment. In addition, early termination of the contract can be expensive. No ownership : At the end of the lease, the equipment is not yours unless a purchase option is agreed and exercised. This means that you do not build up any assets that could, for example, serve as collateral for further restaurant financing. Dependence on the lessor : The quality and reliability of the leased equipment depends heavily on the lessor. Problems with the equipment or service can affect operations.

How can you really get started as a budding restaurateur? Our 12 tips for a successful restaurant business will give you a helping hand. 4. Brewery contract: The pact with the “liquid gold” It is not unusual for breweries to take on the role of capital providers in the catering industry. They offer financial support , often in the form of low-interest loans or even direct investments in the inventory and equipment of the establishment. For bars and many