The 2014 tax year will be drawing to a close in a few weeks time, which is a great opportunity to review any planned business expenditure.
By investing in your business before the end of the tax year, you will receive tax relief straightaway – against the profits for the year to 5th April 2014.
Depending on your tax rate, the relief could be the equivalent of nearly a 30% deduction or more in the cost of any new purchases you were thinking of making.
Plus you then have the benefit of the new equipment, which will be working for you over the coming years.
Please do contact me if you would like to discuss any planned business expenditure, I offer a no-charge initial meeting.