Big purchases are worth thinking through properly
Capital Allowances & Asset Planning
Buying equipment, machinery, vehicles or other assets can be a significant decision for a business.
Talk to us before you buyThe first question is usually whether the business needs it. The next question should be what that purchase means financially.
We can help you look at the wider picture before you commit, including the cashflow impact, the tax treatment and whether there are any allowances available that should be taken into account.
Capital allowances can make a difference
Some business purchases may qualify for capital allowances, which can reduce the amount of profit that is subject to tax.
What applies will depend on what you are buying, how it will be used and the circumstances of the business.
We can help you understand whether the purchase is likely to qualify and make sure any appropriate allowances are considered.
The important thing is not to assume that every purchase is treated in the same way.
Speak to us before you buy
If you are planning a larger investment, it is often useful to have the conversation before the money is spent.
Book a 15-minute chatThe tax saving is only one part of the decision
A purchase still needs to make sense for the business.
There is little value in spending money purely because there may be a tax benefit attached to it.
We can help you look at whether the business can comfortably afford the investment, what it may do to cashflow and whether buying, financing or leasing deserves further consideration.
This gives you a clearer view of the real cost rather than looking at the purchase price alone.
Vehicles need their own conversation
Business vehicles can be particularly easy to get wrong because the tax treatment can vary depending on what you buy and how it is used.
If you are considering a car, van or another vehicle for the business, speak to us before choosing the option.
We can help you understand the tax implications for both the company and, where relevant, the person using it.
That can be useful when you are comparing different vehicles or deciding whether to buy personally or through the business.
Already bought something?
Tell us about it.
We can make sure the purchase is recorded correctly and consider whether any capital allowances are available.
It is always easier when we know in advance, but a purchase should not be overlooked simply because the conversation happened afterwards.
Planning a significant investment?
If you are about to spend a meaningful amount of money on the business, let us know what you are considering.
We can help you look at the tax position alongside the cost, cashflow and wider plans for the business so you can make the decision with a clearer picture.
Talk to us before you buy