Paterson Health Group - Dental and Medical Equipment Specialists




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Finance

Paterson wide experience in the healthcare market and comprehensive training of its staff in finance matters enables us to help you find a more cost efficient and tax efficient way of funding your equipment purchases, ensuring highly competitive rates and the maximum tax relief.
Through our relationship with a number of equipment finance specialists we are able to design specific solutions that ensure you can have the equipment you want in the most affordable manner possible.
Successful businesses are the ones that pay attention to sound basic principles and these include good financial planning and tax efficient funding of business equipment. In most cases leasing equipment is the obvious way forward and as John Paul Getty once said "If it appreciates in value, buy it… if it depreciates, rent it."
By leasing the equipment and deriving benefit from the income that it allows you to generate from using it, you can:

Let the best solution pay for itself
Instead of buying a cheaper “more affordable” product that more than likely does not address your needs in the way you would ideally want, you can lease the better solution and let the equipment pay for itself as you use it. Better still, with advancements in technology, leasing provides the flexibility to upgrade.

Conserve working capital
Investing in equipment will yield income over time that will more than cover the monthly payments. Paying for your equipment as you earn from using it means that you do not have to erode your cash reserves. Instead your reserves can be working for you in other ways or used for more short-term commitments.

Protect against inflation
Rental payments are based on the cost of equipment at today’s prices and paid from tomorrow’s income enabling you to have what you want now. Waiting until you can afford to buy it will usually mean that you will spend more as prices generally rise. The fixed payments make budgeting and accounting procedures much simpler too.

Maximise the tax advantages
Outright purchase not only ties up capital and commits you to a depreciating and ultimately obsolescent piece of equipment; it also reduces your tax allowances. By leasing the equipment you can claim 100% of each payment against taxable profits instead of tax allowances of 40% in the first year and only 25% thereafter on a figure that diminishes each year.