There has been some positive news for claimants of Capital Allowances for Property Embedded Fixtures and Fittings in the Budget As expected with the increase in corporation tax taking effect from 1/4/23 the Super Deduction will end - this was designed to give you...
Jaime Lumsden
Are you the subject of an HMRC R&D Tax Relief enquiry?
There has been a rash of these enquiries in these last few weeks with a deliberately scary and sometimes perceived as threatening incoming letter demanding detailed explanations of why your claim qualifies, details of how the time of staff and consultants were...
Capital Allowances for Property Embedded Features, Fixtures and Fittings
Accountants should include a tax-reducing Capital Allowance claim for your business property, plant, and machinery; but often do not claim for embedded fixtures and fittings. These can represent an additional tax-reducing allowance of up to 50% of the property value,...
Should my business be claiming R&D tax relief?
Innovation is all the rage in business. However, it often comes at a price that can pressure any company’s finance. Fortunately, the government seeks to encourage innovation. As more businesses utilise innovation, they can improve processes, find solutions to even...