Dynamic change is something that we have had to become more and more accustomed to in recent years. Indeed, this is something that schools, businesses, universities and public institutions must address with the outbreak of the Covid-19 pandemic.
Organisations are currently faced with unique challenges. Working from home has become a public health requirement, transforming the concept of work and “going back to the office”. With ever-changing lockdowns and social distancing restrictions, investing heavily in furniture can carry a significant risk. In the current working landscape, hiring can be a better option for a number of different reasons.
With the challenges of Coronavirus in-mind, the experts at Ability have highlighted 5 benefits of furniture rental. Keep reading to learn more and reach out to us with any queries or requests.
In a dynamic working environment, business changes by the day and the hour. Teams change, staff are hired or redeployed. New roles are formed or projects suddenly go live. Outbreaks of infection can lead to significant changes in the office, and changing restrictions can quickly move your business from the office to the home.
The benefits of hire mean your business has complete flexibility to make these changes on a daily basis without the need to invest or dispose of equipment. You can hire and off-hire your equipment to suit the changing requirements as they take place. Until we’ve dealt with coronavirus, these benefits are significant.
The demands of Covid-19 have made flexible capital all the more appealing. By hiring furniture & equipment you are only paying for the use of the assets and not tying up any capital in depreciating fixed assets when it can be used to earn revenue for your business.
Businesses are facing unprecedented financial pressures as a result of the Covid-19 pandemic. With this in mind, the tax benefits of renting furniture are considerable.
Monthly payments are tax-deductible as a business operating expense. This is a huge benefit of furniture hire that is often overlooked.
Technology and trends can very soon become superseded and obsolete. By hiring furniture you are not tying any capital up in assets that will soon become out of date and obsolete. Products can be upgraded to allow for greater levels of social distancing & infection mitigation.