News & Views

  • Enhanced Capital Allowances - The End of an Era

    The Enhanced Capital Allowance (ECA) scheme was created in 2001 to provide a financial incentive for businesses to invest in products that meet the standards for high energy efficiency performance. Improved levels of energy efficiency can help reduce operating costs and lower energy bills. The use of higher energy efficiency equipment also results in reduced carbon dioxide emissions, and helping to combat climate change.

  • We asked YesTax for their New Year’s Resolutions...

  • Planning to build, refurbish, renovate or extend? Now is the time!

    Capital allowances enable commercial property owners to obtain tax relief on capital expenditure. This makes a property with capital allowances more valuable than an identical property without capital allowances. Capital allowances are available when a commercial property is purchased, constructed, fitted out, refurbished, or extended.

  • Where there’s muck, there’s brass!

    YES! There is tax relief available for companies incurring clean-up costs and making-good contaminated land. Land remediation relief (LRR) entitles a company to claim up to 150% tax relief on qualifying expenditure, as a trading expense, in the same year in which the expenditure is incurred.

  • Christmas is a time for giving. This Christmas, YesTax has given £10,580 to help secure 21 little girls in Nepal.

    What normally sets a company out from another? Size? Workforce? Profitability? Well YesTax are here to say that a company’s worth isn’t based solely upon its commercial success, but the good that can come out of it.

  • Yes! An election you can’t lose!

    With all the election talk going around at the moment it can be difficult to know who to trust… and what is going to happen next. Boris Johnson has recently stated that the corporation tax rate will stay at 19% for the foreseeable future, whilst Jeremy Corbyn has pledged to increase this to 26% should Labour win the election.

  • R&D Tax Relief in the Travel Sector

    Research and development (R&D) tax relief rewards companies for development work undertaken in the ordinary course of many travel businesses. It is an unmissable opportunity to claim either a reduction in corporation tax of up to 24.5p in the pound of or, for loss making companies, a payable tax credit of up to 33.35p of any pound spent on qualifying R&D activities.

  • Enough from us, let's hear what our client's have to say...

    Yes! What a pleasure to help K&M Engineering with their R&D claim this year. We’re delighted to be working with you, and we absolutely loved your feedback.