Use florescent lighting rather than incandescent light bulbs – it's estimated that you can save up to 75% of your current lighting costs. While the initial costs of the fluorescent bulbs are higher than the common incandescent bulb, they are expected to last eight times longer.
Check your lease: Most people are being overcharged on their commercial leases. Get an attorney to audit your lease regularly and pay special attention to square footage and “shared costs” that you pay for maintenance of common areas (are they actually being maintained?)
Make your laser print cartridges last longer by printing unimportant documents in a “draft mode” - which is low-quality version of the document. And ensure you recycle paper that has only been printed on one side. Paper usage is rising by around 20% every year, with the average office worker using approximately 50 sheets of paper every day in the typical office. Just by reducing the amount of a paper an employee uses you daily can dramatically decrease your costs.
In terms of depreciation: If you believe that an asset's write-off should be different from what is laid down. Also when an asset is used on more than one shift, with the expect useful life thus being shorter than specified in the practice note, you can also apply for a shorter write-off period. Remember that you must not start depreciating from the date of purchasing the asset but rather from the date you start using it.
Time your payments: Ask suppliers if they give discounts for early payments. If not, there are two primary rules, used by all properly managed companies, from one-appraiser firms. Pay your bills only when they are due and get your income as soon as possible. The well known saying: “Look after your pennies and your pounds will look after themselves”, is as true now as when William Lowndes first said it and every business person should follow it.
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