Is it time to buy that new equipment for your business?

Is it time to buy that new equipment for your business?

The end of the tax year is approaching, on 5th April 2013.

Now is a good time to review whether to purchase new equipment, whether that is computers, vehicles or other assets that you will use in the business.

For the self-employed, qualifying expenditure will achieve tax relief in the accounts thereby reducing potentially your tax liability.

There is a double benefit, you have new equipment that can increase productivity in your business going forwards and also pay less tax as a result of the relief given against the profits from last year.

Please do contact me if you would like to review any purchases you are thinking of making, there is a good window of opportunity for planning in advance of the end of the tax year.

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