LEASE THEIR COMPUTERS!
Leasing your IT makes sense. It’s a fact that our biggest client group are... Accountants.
Clearly Accountants understand the financial benefits of leasing however the benefits of our services go much deeper and essentially we become your IT Department. Our sales people can plan and advise on equipment you need, whether you just need emails in the Cloud; Sage across the network or IRIS Accounting system. Our UK based dedicated support team will come, install and configure your IT- whether PC or Mac.
As Authorised Resellers for over 20 manufacturers we can provide a total leasing solution from Apple, Microsoft, Lenovo, HP, Dell to name but a few. So we can truly offer a cross platform solution on Macs and PC’s in your business all installed and configured for you.
We will be your outsourced IT Support desk and offer an Unlimited telephone and remote dial in helpdesk where we will call you back within an hour. Our current status means customer calls are returned within15 minutes. If there are issues that can’t be resolved remotely we will have an engineer to you the next working day to resolve. There are NO extra costs for any of this service no matter how much you use us.
HardSoft have been established since 1984 and have many thousands of clients. We are proud of our service and that on average each client has at least two contracts with us. Many customers have been with us for decades and we are always happy to provide references.
A completely unique option from a Hardsoft lease. After 24 months of your lease we will offer 3 different options. The most exciting is the CHANGE option meaning we will change your equipment early and give you a new computer of your choice; the old lease is cancelled and we start a new three year business lease on your new IT. CANCEL means just that and you walk away and return the computers. And CONTINUE means just keep paying to the end of the term and take up the option to own.
Unlike other leases we guarantee that at the end of the 3 years you can own the equipment for with £ 1, if you take a new lease, or £59 if you don’t renew. Our competitors, such as PC World only allow you to purchase at “market value” and this is not a pre-set figure at the beginning of the lease. With us you can be sure of your future options.
Why not recommend us to your clients ? You can be assured of longevity and excellent service to help your clients. Any recommendations we are happy to offer you an introductory commission equivalent to two months of the lease rentals.
With every HardSoft lease we firstly offer pre-installation calls or visits. So if you have an existing network or older estate we can advise and ensure the new solution will do the job. Every system comes with Full installation and all our engineers are trained on both Windows and Mac platforms to ensure we can even hook up your phones for emails. Thereafter,
The Accountants advice on leasing
In order to shed light on what can be a potentially confusing area, HardSoft have spoken with Tony Crisp a Chartered Accountant at Harlow-based accountancy practise Giess Wallis Crisp LLP. With over 40 years’ experience advising businesses both large and small, GWC cover the full range of general practitioner services including accounts, audits, taxation, bookkeeping plus payroll for corporate clients and the self employed.
Here, Tony answers our questions about the true financial pros and cons of leasing business computers.
Why do so many accountancy firms lease their computers?
“From an accountant’s point of view, leasing is attractive for two main reasons. Firstly, it’s the lack of upfront deposits and payments. Leasing is a low-cost way of acquiring capital equipment, like computers, without an immediate cash outlay, which you would get if you bought them outright. And even with a hire purchase arrangement, usually there’s a fairly substantial deposit upfront. So cashflow is one of the most critical things. The second reason is that accountants like consistency and evenness with their finances. Leasing allows you to spread the cost of an asset over its useful life, so as the asset you’re using pays back to you, you’re paying out to purchase it nice and evenly. There’s no big monetary outlay followed by several years of payback, instead the outflow of money is evenly spread along the same lifetime as the asset.”
Do you recommend computing leasing to many of your clients?
“Yes, generally we do, particularly from a financial point of view. What’s good for us is good for them in most cases. The lack of a significant upfront payment followed by the even flow of the cost is equally attractive to clients. It introduces flexibility that isn’t always there with loans, so yes, it is something we would recommend for that reason.”
How much money can a business save in tax by leasing their computers?
“The reality is you don’t save any tax, but what you do get to do however, which is equally important, is to defer and spread the tax. You get tax relief whether you buy computers outright, buy them on hire purchase or buy them through a lease, but it’s when the tax relief is given that makes the difference. With computer leasing, tax relief is given evenly throughout the life of the lease. On the other hand, with an outright purchase, you get all the tax relief upfront but then none in the following years. Leasing provides an even spread of tax relief as opposed to peaks and troughs, which small and medium-sized businesses don’t always cope with well. It’s much easier to allow for an even spread of anything, so that’s what I like about the leasing tax relief approach.”
Is computer leasing easier to do than a lot of people think?
“Oh, absolutely. Hardsoft make it very easy to lease computers and it has the added advantage that your technology is up to date. These days, the amount of hacking that goes on means that if you don’t have up to date hardware and software, you are vulnerable. Computer leasing generates a more regular updating of equipment at a spread-out cost than when businesses buy them outright. The way Hardsoft enable businesses to lease computers, you avoid the obsolescence of old kit a lot more easily.”
Are there any other advantages to leasing computers over buying them?
“Securing a loan from a bank can be tricky for small to medium-sized businesses, and leasing contracts can be easier to obtain, more flexible and quicker to arrange. It can be easier to get a leasing contract than it is a full-blown loan arrangement if you’re buying a lot of kit at once.”
Are there any disadvantages to leasing computers?
“It could be argued that the lack of a fixed asset on your balance sheet is a disadvantage but I think that’s pretty marginal. Generally, computer equipment isn’t high enough in value for that to be a significant disadvantage. Other than that, if a business particularly wanted upfront tax relief, then computer leasing may not be best option. They would have to buy the equipment and own it, which you generally can’t do with most straight, off-the-shelf leasing arrangements, as you don’t ever own the asset. I think those are probably the only two disadvantages there are.”
Can any business benefit from leasing their computer equipment?
“Yes, absolutely. I don’t think there are any particular niches or market sectors that have an advantage or a disadvantage over any others, so no, I think it can apply to all. And all the advantages of computer leasing would apply to all.”
It is a fact that every business owner needs to weigh up their own financial circumstances so we suggest that customers contact their own Accountant who will have knowledge in their situation.