Salmon Business Blog

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Browsing Posts published in July, 2010

Capital Allowances enable the cost of capital assets to be written off against the taxable profits of a business. Capital allowance claims equate up to 35% of your freehold cost!

Are you claiming your full entitlement of Capital Allowances?

Capital Allowances claims can be made for any of the following industry sectors:

Leisure and Holiday Parks
Day Nurseries and Private Schools

Hotels and Guest Houses

Medical Centres

Golf Courses and Sports Centres

What is involved in making my claim?

The claim starts with an initial meeting at a time suitable to you. From this meeting one of our advisors will acertain as to whether you are able to make a claim. If you do qualify, and after engaging our services their is little else we require for you to do. From this point we will arrange to collect all neccessary accounts and paperwork, carry out a Capital Allowance Review followed by a comprehensive Capital Allowance site survey a detailed survey report is produced with accurate valuations relating to the previous unclaimed qualifying items taking into account time and regional variations.

A current year claim is where we identify additional capital allowances which can be used by the client accountant for inclusion in a tax return for a year not yet submitted.

For retrospective Capital Allowance claims the report and suporting evidence is submitted to the HMRC by us with most claims being accepted by the revenue with in 6 – 10 weeks.

To arrange an informal meeting with one of our Capital Allowance specialists, please call us 01246 293011, alternatively email sales@salmon-business.com

Capital Allowances for Day Nursery owners

Capital Allowances for Day Nursery owners

Are you claiming your full allocation of Capital Allowances?

The benefits of Capital Allowances for Day Nurseries and Private Schools are very substantial and very straight forward to claim.

The results of making a Capital Allowance claim on your Day Nursery or Private School will vastly reduce the amount of tax you pay on any profits you post in future years. In the majority of cases providing you have made a profit in the previous 2 years, a Day Nursery or Private School will receive a lump sum of any overpaid taxes they have made.
The result of a Capital Allowance will allow you to invest back into the business, enabling you to purchase items such as:

  • New Equipment and Apparatus
  • New Security Systems
  • Safe Outdoor Playing Areas
  • Building Extensions continue reading…
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