We would welcome your thoughts in return; it is times like these that collaboration can truly be valuable.
As the pressure continues to build on our clients’ and our business’ cash flow position, Capital Allowances can be and are being utilised to generate a substantial tax saving and/or welcomed cash injection to help relieve cash flow pressures. With business resilience at the forefront of everyone’s minds, we thought now would be a good time to explore ways that we can collaborate and really help our clients.
To adapt to the current environment, our fee model is just one of the structural changes we have made to ensure a business can reap the benefits of a capital allowance claim. We also want to ensure that we maintain valuable communication with our network, especially during a time that most are working remotely.
Would you be available for a quick chat to discuss various developments in our respective areas and perhaps compare notes on our plans to help clients?
Areas to consider
- There’s no doubt there is an established routine for assessing Capital Allowances and therefore it’s important to stress that we’re not questioning an accountant’s ability. We look to enhance the level of Capital Allowances claimed by introducing additional disciplines that add value to their work. For example, a survey is completed on the property to identify items that are not visible within the paperwork and sit within Land & Buildings on the Balance Sheet (not Fixtures & Fittings).
- Our expertise is applicable to any UK taxpayer and would apply to individuals, partnerships, companies, etc that have incurred costs to buy and improve a property.
- Whether these costs were incurred many years ago or more recently and where there is a balance in the Land & Buildings column, we would extract any available Capital Allowances from these costs.
- This doesn’t affect or adjust the base cost of the property and would provide a pool of Capital Allowances to support the client’s tax liabilities.
More information about financial support for your business can be found on the Government website.
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17 December 2021Reduce Tax Liabilities for 2022
The deadline is to complete Self Assessments for 2020/2021 and for amending 2019/2020 Tax Returns is 31st January 2022. We encourage you to explore whether you are in a position to claim any historical PEFFs hidden within your commercial properties. The changes in the CAA2001 legislation means it... -
25 November 2021New Headquarters, New Rebranded Website
We are pleased to announce that we have moved to a new headquarters at Festival Park, Stoke-on-Trent, alongside launching a rebrand and brand-new website. We have seen both growth in the number advisors we support across the UK and within our team which has resulted in the need for larger office space. Our...
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