For over a decade Snowbird Finance have specialised in providing funding solutions to practices as well as offering Treatment Finance to help patients fund their treatments.
Treatment Finance is...
'I have known Simon Freeman and have been using Snowbird Finance for many years. They have been key to the fulfilment of our business plans, particularly during our relocation and expansion in 2012 and 2013'
Helen Harrison, Granta Dental
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Acquiring new equipment through leasing is an effective way of manaing your cashflow as there is no large outlay and no deposit to pay, leaving you to save your working capital for other projects.
The usual length of a lease agreement is up to five years,during which you will have fixed instalments paid monthly in advance regardless of the prevailing base rate.
A number of medical practices are not VAT registered so when purchasing equipment in this way we can usually add any VAT from the cost of the equipment to the lease arrangement so that it can also be paid over the term.
Leasing does not qualify for the Annual Investment Allowance (AIA) as the equipment is not listed as a fixed asset on your books. However, you may be able to offset lease rental payment costs against your business's corporate tax liability throughout the life of the lease agreement. Essentially this means that over a full 5 year lease agreement, you should receive the same level of tax relief as your would have after the first year of a lease purchase.*
Click here to get in touch to discuss your next finance agreement.
*You have sole responsibility for the management of your tax and legal affairs. We recommend that you obtain your own independent tax and legal advice tailored to your individual circumstances. Snowbird Finance does not provide tax or legal advice.