Good afternoon
My husband and I run an LLP and want to get a new vehicle and equipment and looking at the option of the Lease Purchase finance route over a 5 year period.
Can I put through as an expense the full monthly amount that we need to meet or is it only a percentage?
The down deposit would be approx £3600 with a monthly payment around £710 for 5 years.
We do not use an accountant and have managed our accounts in terms of income and expenses using Quickbooks. We are not VAT registered.
Any input gratefully received.
Thanks
My husband and I run an LLP and want to get a new vehicle and equipment and looking at the option of the Lease Purchase finance route over a 5 year period.
Can I put through as an expense the full monthly amount that we need to meet or is it only a percentage?
The down deposit would be approx £3600 with a monthly payment around £710 for 5 years.
We do not use an accountant and have managed our accounts in terms of income and expenses using Quickbooks. We are not VAT registered.
Any input gratefully received.
Thanks