Harnett Accountants Twickenham offer this great tax tip to help reduce your tax bills…
You may already be aware that you can claim capital allowances on assets purchased such as plant, machinery, and vehicles. This gives you tax relief from the reduction in value of assets by writing off their cost against the taxable income of your business. So, make sure that you claim for capital allowance for any business assets that you purchase.
However, you may not have been aware that you can also claim extra tax relief on your assets if they are environmentally friendly. You could save even more on your tax bills by buying low CO2 emission cars, and environmentally friendly machinery and equipment for your business.
To find out more about this fantastic way of cutting your tax bills, contact our expert team of accountants. Harnett Accountants Twickenham also offer a free one hour, no-obligation consultation for all clients and you can follow us on Twitter, Facebook and Google+. Additionally, you can keep reading our daily blogs.
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