by yasiradnan94 | Dec 6, 2022 | Advice, Business, Tax planning
Companies can currently claim super-deduction allowances set at 130% of the cost of new plant and machinery or 50% of the purchase cost of certain fixtures and fittings for buildings. These super-deductions will expire on 31 March 2023. The annual investment allowance...
by yasiradnan94 | Mar 27, 2018 | Business, Freelancers, Small Businesses, Tax planning
The Enterprise Investment Scheme (EIS) and Seed Enterprise Investment Scheme (SEIS) are both part of the UK government’s initiative to encourage investment in small and medium businesses. The idea is to help SMEs raise funds to grow the business by offering investors...
by yasiradnan94 | Feb 5, 2018 | Tax planning
It is now possible to transfer 10% of your personal allowance to your spouse or civil partner (£1,185 during the 2018/19 tax year). Who qualifies? Only basic-rate taxpayers can benefit from this tax break, so the potential tax saving is £237 (£1,185 x 20%). Unmarried...