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Software: Buy or Rent? Subscription Software for Small Businesses

SOFTWARE: BJY RENT? or Subscription and rental-software services are growing in popularity, and for good reason. Learn how they can save you money and bring in new projects for your small business. Take your business from startup to established with the benefits of rental software. DID YOU KNOW? SMALL-BUSINESS 2:1 SOFTWARE SUBSCRIPTION IS EXPECTED TO OUTPACE LARGE COMPANIES REAPING THE BENEFITS O LOWER UPFRONT COSTS THERE ARE PLENTY OF GOOD REASONS WHY THE RENTAL- SOFTWARE TREND IS GROWING AMONG SMALL BUSINESSES: • Spend less to gain access to the software. 2 PASS ALONG COSTS TO CLIENTS • Ideal for projects that require special software requested by the client. Software Update Complete UPGRADES INCLUDED • Get the latest software versions without additional charges. 4 INCREASED SERVICE & SUPPORT • Renting software often provides better tech support packages than buying software. 6 FLEXIBLE PAYMENT OPTIONS • Easily add or remove software seats on demand and pay for software access only when you need it. 6 TAX SAVINGS DID YOU KNOW 80% OF BUSINESS EXECUTIVES POLLED BY ZUORA, A SUBSCRIPTION- SERVICE COMPANY, BELIEVE THEIR CUSTOMERS ARE CHANGING HOW THEY OBTAIN ACCESS TO GOODS Capex vs. Opex AND SERVICES, Rental software can help you to save on taxes by allowing you to claim operating rather than capital expenses. CAPITAL EXPENSES OPERATIONAL EXPENSES includes computers, office furniture, lighting fixtures, buying software office rent, wages, electrical bills, subscription software CANNOT be fully deducted in the year they are purchased operating expenses CAN be fully deducted in the accounting period during which they were incurred >>>>>>>> WHAT DOES THAT MEAN FOR YOUR BUSINESS? ««««««« Another advantage is the time value of money. Saving taxes in the current year is more valuable than waiting for tax savings next year. 2$: More expense deductions will reduce reported profit, on which most companies are taxed. e.g. $100 now is worth more than $104 next year because of inflation and interest. RENTAL SOFTWARE IS AVAILABLE FOR JUST ABOUT EVERY BUSINESS NEED MICROSOFT APPLICATIONS Office 365 Small Business Premium $12.50/user/month GRAPHIC DESIGN SALES & MARKETING Adobe Creative Cloud Subscription Infusionsoft for CRM, Marketing, Sales, and Ecommerce $74.99/month $200-$380/month 00000 ENGINEERING/DESIGN ACCOUNTING Autodesk AutoCAD Revit LT Suite Intuit QuickBooks Online Essentials $95/month $27/month PROJECT MANAGEMENT Basecamp Project Management $20-$150/month depending on number of projects needed TOP 5 THINGS TO DO WITH YOUR SAVINGS FROM RENTING SOFTWARE Hire an outsourced accountant to keep up with your growing business. Broaden your staff and add new positions. Create new marketing and sales efforts. Increase wages or bonuses. Take a vacation! You deserve it. Sources: LINE/SHAPE/SPACE A AUTODESK. s/catalog.html?promoid=KAWQI contact_key=e599aa07632e6132ab3589dba898e891e0c02105f2bd0de0987f952e8dd4f4ad

Software: Buy or Rent? Subscription Software for Small Businesses

shared by Lemonly on Feb 03
When it comes to software, is it better to buy or rent for your small business? We teamed up with Autodesk’s small business blog, Line//Shape//Space, to illustrate why rental and subscription softwa...





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