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all "Tax deductions for capital costs - are you losing out?"
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The Taxman has just published his tax “toolkit” on capital allowances. It’s intended to help you avoid mistakes when preparing your accounts and tax return. How should you use it and does it actually
include any useful tips?
Published 26.05.2010
Your new accountant has been pawing over your business records and identified expenses going back ten years for which no tax deductions have been claimed. He says a claim can still be made. It sounds
a bit dodgy to you, is it really OK?
Published 23.12.2014
You’ve decided to upgrade your website and are laying out thousands on development and running costs. Your bookkeeper says that some of these are capital and therefore might not qualify for a tax
deduction. Can this be right?
Published 28.06.2016
Whether an expense is capital or revenue determines how soon it qualifies for a tax deduction, and possibly if it qualifies at all. What does HMRC’s updated toolkit say about tax relief for the cost
of repairing a newly acquired asset?
Published 21.09.2016
You’re replacing some of your firm’s machinery at great expense. Naturally you’ll want to maximise tax relief for this. Apart from the cost of the equipment, what other expenses can you deduct from
your business’s profits?
Published 03.09.2018
Recording expenses relating to business premises often causes trouble. If you get it wrong it can mean tax deductions are lost or overstated leading to an HMRC enquiry. How should you approach
recording this type of expense?
Published 26.10.2023
Tax relief in the form of capital allowances (CAs) for expenditure on equipment often goes begging or is delayed because it’s overlooked or not claimed at the right time. What steps can you take to
improve tax efficiency?
Published 29.11.2023
This year’s accounts are on target to show a profit despite the effect of coronavirus. However, cash flow is poor and you’re looking for ways to reduce your company’s tax bill. Might unclaimed
capital allowances help?
Published 02.12.2020
If your business is moving home, there are opportunities and risks regarding tax relief for equipment fixed to the new premises. Your accountant can take care of the HMRC side of things but what
steps should you take to ensure the right result?
Published 16.12.2021
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