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.
Whether you fancy a conversation or want to know about any new developments relating to Capital Allowances, please get in touch.
Latest News
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1 October 2024Our Founder, Paul Roberts, Retires From CARS
Over 25 years ago Paul Roberts founded our company and created the successful firm it is today. It is with mixed emotions that we announce Paul’s retirement from Capital Allowance Review Service (CARS). While we will miss his leadership and unique sense of humour, we recognise that he deserves to spend... -
12 September 2024
The High Cost of Overlooking Capital Allowances
Understanding tax benefits and capital allowances is crucial in the world of property investment. Overlooking these aspects can result in significant financial losses. This article explores a real-life case where a couple’s lack of knowledge and expert advice led to a costly mistake. Early involvement...
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