New Business Consultation
Are you thinking of starting up a new business or purchasing an existing business or franchise? We offer new business consultation services and advice to give you the confidence that you are making the correct decisions. You may be asking "Is the business viable? Have I budgeted correctly? Am I making the right choice?"
With over 25 years experience in accountancy and taxation and close links to the local business community, Steve Vincent has the knowledge and sound business background to guide and mentor you through what can be a daunting and often overwhelming decision making time.
We will provide you with all the information needed and advise you on the information that you should be asking for.
Book a free no obligation consultation.
Changes to Annual Investment Allowance from 6th April 2012 and Maximising tax relief for the cost of machinery
Changes to Annual Investment Allowance from 6th April 2012 and Maximising tax relief for the cost of machinery
What is Annual Investment Allowance (AIA)?
The AIA is a form of capital allowance which offers tax relief at 100% on all qualifying expenditure on plant and machinery in the year of purchase. Currently the maximum you can deduct is £100,000. However, from 6th April 2012 this amount is being reduced to just £25,000.
There are exceptions to the plant and machinery that qualifies for AIA such as cars and plant and machinery gifted to your business.
AIA is adjusted for short or long accounting periods, and also for accounting periods that span the rates and dates of differing AIA.
Self Assessment Deadline is 31st January
The deadline for filing your self assessment tax return for the year ending 05th April 2011 is the 31st January. If you do not file by this date you could face penalties.
