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Does your business spending qualify for tax relief?

10 July 2014 by Crystal HR & Payroll Ltd

There have been changes to the Annual Investment Allowance (AIA).

AIA, a type of capital allowance, has been increased to £500,000 from April 2014.

AIA offers tax relief at 100 per cent on qualifying expenditure in the year of purchase. It allows businesses to make investments and means you pay less tax on your profits.

Most business structures qualify, so whether you are a limited company, sole trader or partnership, now is the time to take advantage of this if you are thinking of making investments.

Take this opportunity to find out more about how your business can benefit at:

http://www.hmrc.gov.uk/capital-allowances/plant.htm#3

Did you know that you can get personalised advice to help your business grow. The Mentorsme scheme, backed by the Department for Business, Innovation and Skills, provides free access to experienced mentors. Thousands of businesses work with a business mentor, and 9 out of 10 business people who have used a mentor have seen a benefit.

Get in touch with us to see how you can benefit from our outsourced services