Haight Partner Suzanne Mulvihill was interviewed recently for an article which appears in online publication Fit Small Business which is the leading digital resource for small business owners. Suzanne was quoted for the article, “What a Capital Lease Is & How It Works.” The article discusses capital leases versus operating leases and how business owners can choose the best lease options based on their needs.
Suzanne’s quote:
“A capital lease is especially attractive to Lessees with a higher revenue base because the lease is reflected as an asset on the company’s balance sheet. This allows for depreciation deductions made over time, as well as current interest expense deductions, thereby reducing the overall taxable income.”
September 16, 2019