Most businesses purchase equipment as a necessary part of their day to day running. This means that often, due to obsolescence or wear and tear, most businesses need to replace such assets on a regular basis.
Capital allowances are tax allowances that one can claim in relation to the purchase of capital equipment or fixed assets.
Generally the tax rules allows that you can only claim a percentage of the equipment cost in the year in puchaseand the remainder of the equipment cost over future years.
To maximise your allowance, if possible, make new equipment purchases before the year end rather than at the begining of the next accounting year.
The result is that you can benefit from bringing your capital allowances forward one year.
Wisteria can offer a wide range of tax services to your business whatever its size.
For more immediate Chartered accountants support go to the Chartered accountants web page.
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Capital Alowances 
How to maximise your capital allowances.
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