Menu
Why pay GST when you can rent goods and services?

Why pay GST when you can rent goods and services?

Rental finance supplier RentSmart is giving Australian small businesses a pre-GST boost with a bundled promotion of accounting software and Microsoft Office 2000.

When customers rent PCs using RentSmart financing through Myer, Grace Bros and Megamart stores, RentSmart will throw in a complimentary Small Business Value Pack comprising an MYOB accounting package and Microsoft Office 2000.

Perth-based RentSmart offers rental finance to companies wishing to lease computer and office equipment. Customers using RentSmart's rental finance service pay for their leased equipment through monthly instalments over 24 to 48 months.

The RentSmart offer follows similar bundling deals offered by Compaq, Dell and Apple announced in February, the difference being that PCs are rented rather than bought from RentSmart.

With the onset of the GST, small businesses that rent computer equipment will benefit because they can reclaim up to 100 per cent of the tax they pay on their rental payments, according to Ned Montarello, RentSmart's managing director.

"Because RentSmart is a business-only product, our customers can generally claim back up to 100 per cent of the tax they pay on their rental payments, meaning rental is 'cost neutral' in the hands of the business," Montarello said. "A business can claim back the tax component that they would pay due to the GST, which means the only impost is the timing of the payments and the rebates."

Besides the 30 Myer Grace Bros stores across Australia, customers can also apply for rental finance on RentSmart's website. When their application is approved, they can pick up their PCs from participating retailers.


Follow Us

Join the newsletter!

Error: Please check your email address.
Show Comments