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Browsing Posts tagged tax recovery

HOW DOES THE TERM “TAX RECOVERY SCHEME” SOUND TO YOU?

Tax Rebate, Tax Recovery or Tax Benefit…..
Do you associate high value, or low value benefits to your business?

Tax Benefits for Hotel and Guest House Owners

Tax Benefits for Hotel and Guest House Owners

Are You One of The Few Hotel Owners Who Haven’t Made Their Capital Allowance Claim?

Discover how your Hotel and Guest House hold the keys to unlocking £1000’s in overpaid taxes.

The results of making a Capital Allowance claim on your Hotel or Guest House 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 Hotel or Guest House will receive a lump sum of any overpaid taxes they have made.

Capital Allowances are a tax payers right! It is not an avoidance strategy.

It is estimated that 20-40% of a hotel’s fit out costs could qualify for capital allowances.  However, as of April 2012 these refunds will be reduced greatly as the tax system is being simplified and complex claims are going to be abolished.

The reference says the Conservatives aim to cut the headline rate of corporation tax to 25p and small company rate to 20p funded by reducing complex tax relief’s and allowances. –see http://www.conservatives.com/Policy/Where_we_stand/Business.aspx second point on their priority list!

Don’t miss out on these valuable tax advantages whilst they are still available to you – speak with an adviser today and arrange a FREE site survey NOW.

Your Capital Allowance pool can be locked in now and not drawn down until you need it.
REMEMBER THE CLAIM POOL WILL BE REDUCED IN 2012 SO BEST ACT NOW TO RECEIVE FULL BENEFITS.

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Contact Salmon Business Group today on 01246 293011
Alternatively, visit us at www.salmon-business.com

Britain becoming a less attractive place for the international super-rich, could prove a threat to the countrys fragile recovery.

Britain becoming a less attractive place for the international super-rich, could prove a threat to the country's fragile recovery.

Less Tax?

MONEY TALK by Ronnie LudwigSaffery Champness

The levy has, however, contributed to making Britain a less attractive place for the international super-rich, which could prove a threat to the country’s fragile recovery.

According to research conducted in March 2010 by Cass Business School, the non-doms spend a total of £19bn in the UK each year, as well as contributing £4.5bn in income tax and £3.75bn in VAT and stamp duty.

However, at least 2% of them have already left since the introduction of the £30,000 charge and associated changes brought about in the Finance Act 2008.

About 25% fewer are applying to move to Britain, according to the same research.

Arguably, the loss in demand for British goods and services could far outweigh the benefits of £130m collected through the additional levy.

The more likely course of action, though, would be for the government to tighten the rules and increase charges for non-doms as a result of their review.

Here again, the government will be faced with a difficult balancing act between maintaining that ‘open for business’ sign the chancellor wants to see over Britain, with bringing in additional tax revenue.

An attack on non-doms will have side effects and could mean overall tax take goes down, rather than up.

EVERY BUSINESS OWNER IN THE UK TODAY IS STRONGLY URGED TO SPEAK WITH A TAX SPECIALIST TO DISCUSS WHAT ENTITLEMENTS THEY CURRENTLY HAVE AT THE FINGER TIPS BEFORE THE GOVERNMENT PUTS A STOP TO EVERY BENEFICIAL TAX AID.

For further information on making your Capital Allowance claim and to arrange your FREE site survey, please visit our site www.salmon-business.com
alternatively, call one of our Capital Allowance specialists on 01246 293011.

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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