Last month, the annual investment allowance was drastically cut from £100,000 to £25,000. Worse still, if you don’t time the purchase of equipment right you’ll lose out by even more. What is this
trap and how can you avoid it?
Published 14.05.2012
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 received a smart new laptop for Christmas which you’ll use for work. Even though it cost you nothing can you claim a tax deduction in respect of the business use?
Published 04.01.2024
Unless the annual investment allowance (AIA) applies it can take well over a decade for your business to receive tax relief for the purchase of equipment. If you overlook the AIA can you go back and
claim it later?
Published 09.06.2022
Mr Osborne has decided on drastic measures by slashing the annual investment allowance and cutting the rate of capital allowances. But these changes don’t take effect immediately, so what steps can
you take now to maximise tax relief?
Published 07.07.2010
The annual investment allowance (AIA) will be slashed during 2014/15. As the new tax year starts in just a few weeks, should you be taking steps now to maximise the current allowance?
Published 20.03.2014
The annual investment allowance (AIA) rules contain an in-built trap for businesses that choose to repair or renovate equipment rather than replace it. But does a recent change to the law mean that
you can now forget about this?
Published 15.06.2010
You’re working out budgets for the next financial year and they include significant purchases of equipment. Naturally you want to ensure you obtain the tax deductions for these as soon as possible.
How can you ensure you achieve this?
Published 24.11.2016
If your business’s next financial year starts soon, you need to know about the special rules for tax relief on the purchase of equipment. If you buy at the wrong time it will take well over a decade
to deduct the cost. So when is the right time to buy?
Published 05.02.2015
At the end of this year the annual investment allowance (AIA) will be slashed from £250,000 to £25,000. For some businesses the position might be even worse. Which companies will be affected and why?
Published 04.02.2014