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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5 December 2024What Are Qualifying Activities for Capital Allowances?
Capital allowances are a key tax relief available to businesses for qualifying activities. They allow businesses to deduct the cost of certain capital expenditures related to these activities from their taxable profits, reducing their overall tax burden. However, not all purchases or investments qualify.... -
3 December 2024How Do CARS Assess Capital Allowances?
At CARS, we assess capital allowances and offer businesses and property owners a significant opportunity to reduce their tax liabilities by deducting qualifying capital expenditures. Here at Capital Allowance Review Service (CARS), we provide a thorough process to optimise these claims. Our goal is to...
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