7 FACTORS THAT COULD HELP TO CLASSIFY COMPLICATED EXPENDITURE
Classifying expenditure appropriately could help save your business money by claiming the appropriate tax relief. This could also help to save you from being investigated by the revenue in the future and paying penalties. These mistakes are easily done, so this blog post will help to highlight seven things that could help you. When significant […]
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. […]