Leasing office furniture has many benefits for businesses of all sizes. It can be a great way to:
- Cut capital expenses and keep more cash in your business bank account
- Potentially enjoy tax benefits by paying for office furniture under your operating expenses category
- Hold your options open if you aren’t sure what type of furniture you want to use over the long term
- Temporarily furnish areas during a move or other transitional period
But sometimes, there are more exotic to lease office furniture. A Human Rights Watch organization is allegedly being harassed with bogus tax claims by the authorities in Belarus. The leader of the organization is leasing office furniture in an attempt to keep it from being seized by the nefarious Belarusian tax authorities. It’s quite a gripping tale and you can read more about it here.
Note: We don’t advocate our customers using this ruse to try to outsmart the IRS. They likely aren’t trying to keep you from doing humanitarian work, they just want you to pay your back taxes.