IT Equipment: Buy vs. Lease Decisions

By Gary E. Carpenter

How many times has your client asked you, “Should I buy or lease technology?” The decision involves more than just running numbers to see which option is the better economic deal, and with today’s changing technology it is even more important to review the choice in detail.

Learn about the advantages and disadvantages of purchasing or leasing equipment, software and other technology through attending the Dec. 3 morning continuing professional education (CPE) presentation organized by the New York State Society of CPAs Technology Assurance Committee. In addition to discussing the thinking that should go into the decision to buy or lease, the event will focus on how leases should be structured as well as how purchased technology should be exited at the end of its “corporate life.”

The seminar will cover the following topics:

• A brief history of IT equipment leasing and how it has evolved
• Things to look at when making the buy vs. lease decision
• Once the decision has been made, additional issues to be considered
• What to do if the wrong decision has been made

Date: Tuesday, Dec. 3, 2002

Time: 8:30 a.m. to 9:00 a.m.: registration, networking, free continental breakfast
9:00 a.m. to 10:00 a.m.: CPE session

Presenter: Gary E. Carpenter, CPA

Location: NYSSCPA headquarters, 530 Fifth Ave. (between 44th and 45th streets), fifth floor, New York City

About the Presenter

Gary E. Carpenter is the owner of Carpenter Information Technologies, Inc. (CIT), which buys, sells and leases high-tech equipment. Mr. Carpenter has been involved with the third-party computer market since 1976 in various positions as controller, chief financial officer and company president. He is a member of the American Institute of Certified Public Accountants and the NYSSCPA. He previously served on the Society’s Financing and Leasing Committee and is the current IT seminar manager of the Technology Assurance Committee. He can be reached at gcarpenter cit@worldnet.att.net.

Additional Information

This NYSSCPA/Foundation for Accounting Education (FAE) morning CPE presentation is free to NYSSCPA members and $15 for nonmembers to qualify for one hour of CPE credit. At the session you will get the chance to network with the profession’s and the industry’s IT leaders.

Advance registration is recommended because seating is limited.

For additional information, contact Gary E. Carpenter at (315) 487-4567 or gcarpenter-cit@worldnet.att.net or Bruce H. Nearon at (973) 403-6955 or bnearon@jhcohn.com.

Registration

To register: contact FAE at (212) 719-8383 or (800) 537-3635 or visit the Society’s website at www.nysscpa.org (you will need your Society member number to register). Select the Find Committees link at the left of the screen, scroll down to the Technology Assurance Committee, select it, and then select “12/3/02 – IT Equipment: Buy vs. Lease Decisions” located under the FREE IT CPE banner.

Acknowledgments

J.H. Cohn LLP and Carpenter Information Technologies helped provide the funding and resources for the continental breakfast, marketing and publicity, and administration of this event.