Cameron Alexander Accountants Ltd

Capital Allowances – AIA

Alex — Thu, 01 Mar 2012 14:48:26 +0000

From April 1 for companies and April 6 for other businesses, the amount of AIA that can be claimed on the cost of buying equipment will fall from £100,000 to £25,000. There are some tricky transitional rules for businesses with accounting periods spanning the change, but broadly, where you spend more than £25,000, the tax deduction will be spread over many years as opposed to just one year with AIA.

If you are planning on any capital expenditure, it may be worth bringing that spend forward, especially if you have a 31 March year end.

If you have any questions or queries please contact Alex Walls.

50% tax relief – Seed Enterprise Investment Scheme (SEIS)

Alex — Wed, 29 Feb 2012 14:23:49 +0000

Many of you may be aware of the Enterprise Investment Scheme (EIS) and have benefited from using the scheme.

From 6^th April 2012 there is a new scheme to run alongside the EIS and Venture Capital Trust (VCT) schemes.

It is targeted at investments in smaller companies (assets under £200,000, less than 25 employees), but the tax relief is 50% and there is no capital gains tax on the sale of your investment after the qualifying period (3 years ownership).

There are various qualifying conditions to meet with regards to the company to be invested in and the investment limit is £100,000 per fiscal year. The investor must also not obtain more than 30% of the share capital or votes.

If you are looking to invest in a small company, do not overlook this opportunity to make substantial tax savings.

The above is only a very brief outline of the scheme, but please contact us if you require any further information.

Tax refund emails from HMRC

Alex — Wed, 11 Jan 2012 15:19:19 +0000

Have you received an email from HMRC stating that you have a tax refund due.

If you have, we are sorry to tell you but it is not real. HMRC never contact you about refunds via the email.

Unfortunately many people have been caught out by the emails over the years and they are getting more and more sophisticated in their appearance and the email addresses used.

Please find a link to HMRC’s website here http://www.hmrc.gov.uk/security/examples.htm

I am sure that at this time of year the number of emails being sent out will increase, so please ignore them or if you have any queries please give us a call or speak to your accountant.

Thinking of “On Line Accounting Software”

Nick — Thu, 03 Nov 2011 13:27:37 +0000

On line accounting software represents great value, is very secure and could save you a lot of time and money, check out these features..

New website goes live!!!

Nick — Thu, 03 Nov 2011 12:14:18 +0000

Introducing our new website, with a little help from the Barnsley Development Agency, Enterprising Barnsley and iRUN Barnsley, we were able to develop our new on line presence. In this modern age its extremely important for any business to have the ability to be found on line and to interact with clients. So please come and find us in Twitter, LinkedIn or FaceBook. We welcome any feedback and comments.