Salmon Business Blog

Capital Allowance and Cost Reduction Specialists

Browsing Posts tagged Capital Allowances for Day Nurseries

Assisting Day Care Nursery Owners in Reclaiming and Reducing Their Taxes

If every nursery owner has a different idea of what their ultimate “Wish List” would look like (a list of educational equipment and safety features they would like to incorporate within their business), then they all certainly have the exact same obstacles in acquiring their list – this being the  NECESSARY FUNDS to pay for them!

IF ONLY WE HAD ENOUGH FUNDS TO BUY……….

The plain and simple fact is that the vast majority of day nursery owners do have access to £1000’s in the form of a tax rebate from years of overpaid taxes.

HOW TO RECOVER YOUR OVERPAID TAXES

The process of reclaiming your over paid taxes is available in the form of a Capital Allowance claim.  Capital Allowances have been created by the government and allows business owners the ability to offset taxable profits against the purchase of capital assets for your business, and a tax payers right to claim.  Providing you have paid tax on any profits you made within the last 2 years, then you will be entitled to make a retrospective capital allowance claim and receive a lump sum in the form of a tax rebate.  Also by making your capital allowance claim you will also automatically begin to reduce the amount of tax you pay in future years.

The result of your capital allowance claim will allow you to purchase your “WISH LIST”

Capital Allowances are somewhat of a specialised area, and in order to fully maximise your potential claim you are advised to seek specialised help and advice.

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

Further help and information may also be found on our web site at www.salmon-business.com

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

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