๐ŸŽโ€œCโ€ is not just for the word CHRISTMAS!!๐ŸŽ

๐ŸŽโ€œCโ€ is not just for the word CHRISTMAS!!๐ŸŽ

๐Ÿ’ฅA little TAX TIP!๐Ÿ’ฅ

WHAT ARE CAPITAL ALLOWANCES?

1. Capital allowances are the tax equivalent of depreciation and can be claimed by businesses buying assets to use in their trade or profession.

2. These allowances are claimed as a deduction from profits or they can increase a trading loss.

3. Capital allowances are set at different rates depending on the type of asset, the type of person making the claim, and the location of the business.

4. Not all assets qualify for capital allowances: they must be purchased for use in a business.

So, the moral of the story isโ€ฆ.

If in doubt, give us a shout!

๐ŸนMax and Sam๐Ÿน

๐ŸŽ„๐ŸŽ„โ€œCrisis at Christmas"๐ŸŽ„๐ŸŽ„

๐ŸŽ„๐ŸŽ„โ€œCrisis at Christmas"๐ŸŽ„๐ŸŽ„

๐Ÿพ๐ŸพIT'S PARTY TIME!!!๐Ÿพ๐Ÿพ

๐Ÿพ๐ŸพIT'S PARTY TIME!!!๐Ÿพ๐Ÿพ