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.
- 29 September 2022
Introducing Lee!We have big plans for the future at CARS! To help us expand, both locally and nationally we required expert support. To accomplish this level of growth, we’re pleased to welcome our new Head of Business Growth, Lee Parker. Lee has numerous years of experience in business development and brings...
- 27 September 2022
Behind the Scenes with a former HMRC InspectorAs part of our specialist team, we are pleased to introduce you to Mark Doodney. Mark works within our technical team and provides invaluable insights into how HMRC may view our approach with particularly technical or quirky cases. Essentially, Mark is key in ensuring claims are processed in accordance...
Our expert team are here to help answer any of your capital allowances questions or enquires you have about your commercial property.