Expenditure in business, capital or revenue?
The nature of the expenditure that is spent in business is very important. The reason for this is that it determines the accounting and tax treatment. Most times we do not have a choice because we do need to acquire them to help our business grow. In this blog post, I would like to explain […]
3 CAPITAL ALLOWANCE RATES TO CLAIM AS TAX RELIEF
Capital Allowance rates vary depending on the plant and expenditure. To explain the rate I will be using the various percentages associated with each allowance. Zero percentage on capital expenditure. 0% simply means the business owner can’t claim capital allowance on that plant and machinery. Examples of such are building, floors or any other asset […]
WHAT TO WATCH OUT FOR WHEN INVESTING ON CAPITAL EXPENDITURE
Capital expenditure in business is very important to make them more productive. Capital allowance is a relief that is given to business owners who purchase assets to be used in the business. Businesses in the UK spend a lot of money on capital investments from time to time to run efficiently and maximize their profit. […]