Why hasn't my Accountant done a Capital Allowance Claim for me?

We love accountants. They're fonts of all knowledge about payroll, tax returns, company accounts, amortization, journals, credits, debits, and more.  But they're only human and they cannot know everything.  Capital Allowances are a very specialist area and the best accountants in the business may not know a great deal about them.  So don't be surprised if they have not been mentioned to you.  We work with your accountant to find tax savings you didn't know you had....

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Capital Allowances - what can I claim?

What is a business? In accounting terms, it is Assets + Equity - Liabilities.  In the real world, it is people, customers, a place to provide a service, and lots of intangibles.  When we look at a business we see all of that but we also see lots...of...stuff!  Businesses need THINGS in order to offer a service or make a product.  They need security systems to let the right people in and keep the wrong people out, they need a reception desk to greet them with a smile and they need a kitchen unit to make them a cup of tea.  All of these things make premises fit for purpose and HMRC wants to motivate you to invest in your business property.  That's what Capital Allowances are for....

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How do Capital Allowances Work?

Capital Allowances are a tax relief designed to incentivize business owners like you to improve their commercial properties. They have been around for decades and are a well-recognized part of the UK tax landscape. They are allowances that provide relief to tax for expenditure incurred improving a commercial property.  Any item of expenditure which has an “enduring benefit” to the business can qualify for relief. ...

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Capital Allowance Claims for Retail and Industrial Units

2020 is a deeply troubling time to be in business.  The lockdown has hit profits and the gradual opening of UK PLC will bring with it a host of new challenges for business owners to tempt customers back in while at the same time ensuring that their premises are "COVID Secure" and safe for their staff.  This means that new investment will have to be made at a time in which margins are tight.  Now more than ever it is vital for businesses to explore the savings they can make and the reliefs they can get through Capital Allowances....

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Capital Allowance Claims for Holiday Lets and Rentals

The warm spring of 2020 should have been a bumper time for owners of holiday lets like you.  The COVID travel restrictions have put paid to that and it looks like things will not get back to normal until well into July 2020.  Now more than ever it is vital for holiday let owners to make sure that they are making as much use of tax allowances, reliefs and refunds as they can....

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Capital Allowances for Cafes and Restaurant Owners

2020 will not go down in history as a good year in the restaurant trade. No covers until July? Social distancing meaning 75% less bookings or walk-ins?  A new requirement to make your premises "COVID secure" means money needed for investment at the worst possible time?  This is the new normal. The fightback starts here; let's talk about Capital Allowances....

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Rufus & George – Capital Allowances, 4 The Oaks, Clews Road, Redditch, B98 7ST