A Simplified Look At The Main IFRS 16 Changes

How does IFRS 16 affect you? What is IFRS 16? IFRS 16 (International Financial Reporting Standard) is a new standard for lease accounting which will come into force in January 2019. It will replace the existing IAS 17 lease accounting standard. It’s been put together by the International Accounting Standards Board (IASB). At first glance, it’s a complicated piece of accounting legislation which could potentially be a nightmare to navigate. On closer examination, however, [...]

Contract Hire For Business – What are the Tax Implications?

Contract Hire for Business – What are the Tax Implications? Leasing company cars and vans, rather than buying them outright, is now well established for businesses. It provides known, easily budgeted costs with no hidden surprises and predictable cash-flows. The most popular type of vehicle leasing for businesses is contract hire. It's a form of operational leasing which allows the end user or lessee to hire a car for a set period of time and [...]

How To Lease ICT Equipment For Your School

How To Lease ICT Equipment For Schools With school budgets being continually limited and reduced, it can be extremely tough to keep up with the demand for up-to-date ICT equipment. No educational establishment wants to develop a reputation for being behind with the times and yet with technology moving so fast, doing the best you can with a smaller budget is essential. For this reason, computer leasing for schools is much in demand as [...]

5 Reasons to Lease Your School’s Technology

School Leasing: 5 Reasons to Lease Your School's Technology Technology is one of those things that is forever changing; what is new today may be out-of-date tomorrow.  Ideally, school technology  needs to always be current and you need to be confident that you are providing pupils with the best equipment, but it can be difficult to keep up the pace. Keeping abreast of technology in schools can be expensive, particularly with things such as [...]

11 Best Ways to Use a Tablet in the Classroom

11 Best Ways to Use Tablets in the Classroom With tablet leasing for schools becoming more popular, combined with the rise in innovative new educational technology (EdTech), students now have a wealth of tools and apps at their fingertips. Here is a selection of ideas for using tablets in the classroom in order to maximise learning and student engagement. 360 degree videos – think of this as basic virtual reality, working with a headset, browser [...]

Benefits of Leasing over Purchasing School Equipment

Benefits of Leasing over Purchasing School Equipment Whether you are thinking of replacing school technology,  a school minibus or other assets, the benefits of leasing are many when compared to purchasing.   Not only the capital cost of the purchase has to be taken into account, but also maintenance, flexibility, impact upon cash flow and the cost to upgrade in the future. Benefits of leasing school equipment Let’s begin by looking at just a few [...]

Award for Maxxia Group Chief Executive

CEO Of The Year Award for Maxxia's Roger Skinner Maxxia Group chief executive officer, Roger Skinner, has been honoured at this year’s Chief Executive’s Lending Forum and Awards event in London. Roger was presented with the award for CEO of the Year at the glittering awards ceremony, which was arranged by Leasing Life magazine, in front of an audience of financial decision-makers and asset finance providers. The award was in recognition of Roger’s efforts in [...]

By |March 22nd, 2018|Categories: Asset Finance|0 Comments

Maxxia Celebrates Five Years Of Dynamic UK Growth

Maxxia Group Is Five Today! We launched the business on this day five years ago – and what a fantastic five years it’s been! Our parent, Australian-listed McMillan Shakespeare Group, launched into the UK market with the intention of creating a major fleet and asset finance business and providing a wide array of business customers with enterprise-wide financing solutions. Since then, carefully targeted acquisitions have been an important part of our growth strategy. In [...]

By |February 1st, 2018|Categories: Asset Finance|0 Comments

HMRC Updates its Guidance for Salary Sacrifice Schemes

HMRC Updates its Guidance for Salary Sacrifice Schemes Her Majesty’s Revenue & Customs (HMRC) has updated its guidance on the government website regarding the introduction of salary sacrifice schemes, following the changes which came into effect in April this year. The government announced in last November’s Autumn Statement that it was changing the rules covering salary sacrifice schemes, which have become increasingly popular in recent years. Why were there changes to salary sacrifice schemes? [...]

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