Accounting Solution
OUR PRIORITY - MITIGATING YOUR TAX
 


1. Make sure that you have claimed all the tax relief that you are entitled to for purchases of plant and machinery A tax deduction for the cost of buying office furniture, computer equipment and other tools is given by capital allowances.

In the year of purchase, the relief is a ‘first year allowance’, which for acquisitions in the period 6 April 2008 to 5 April 2009 is 100% of the cost up to £50,000.

It is important to check these rates if you are doing your own tax as they vary frequently.



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