The fourth in our series of Top 10 Business Tax tips looks at how you can save tax by thinking about the best time to buy business assets.
If you are about to invest in a new car, computer or any other business equipment, have you considered the best time to buy them and the best way to pay for them?
Tip: You will get tax relief a lot quicker if you make the investment shortly before rather than shortly after your business year-end.
Tip: A 100% annual investment allowance of up to £250,000 (£25,000 before 1 Jan 2013) on most plant and machinery is available.
If you would like to arrange a free meeting with a Liverpool accountant to discuss business tax, either at our office or at your premises, please contact us on 0151 724 3960 or by email at [email protected].
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Added by Jon Davies