Accountant's Corner
Does Leasing a Vehicle Make "Cents"? By Ronald L. Noll, MS, CPA
Previously, Restaurant Report ran an article
offering tips on leasing equipment, such as espresso machines,
for restaurants. Vehicles, such as automobiles, trucks and vans
are another type of "equipment" that deserve attention.
You and your employees are likely to be using a vehicle of some
sort on a daily basis, whether for pick-up and delivery of food
items, shopping for plastic and paper goods at a local warehouse
club, meeting with clients for catering, or appointments with
your banker or accountant.
Whatever the purpose, you need a vehicle that is reliable and
sends the right message about your business. One way to drive
a bigger, better and more impressive vehicle is to lease it, rather
than buy it. In some cases -- but not all -- leasing offers a
number of advantages over buying
The full version of this article is now available on Restaurant Report's membership site RunningRestaurants.com.
Previously, Restaurant Report ran an article
offering tips on leasing equipment, such as espresso machines,
for restaurants. Vehicles, such as automobiles, trucks and vans
are another type of "equipment" that deserve attention.
You and your employees are likely to be using a vehicle of some
sort on a daily basis, whether for pick-up and delivery of food
items, shopping for plastic and paper goods at a local warehouse
club, meeting with clients for catering, or appointments with
your banker or accountant. ogo_300.jpg)