As you approach your year end consider the following to bring your corporation tax down

• Bringing forward expenditure on equipment to take advantage of the 100% annual investment allowance (AIA) – up to £1 million a year on new and used equipment;
• For limited companies, most new equipment qualifies for unlimited “full expensing” relief;
• Where equipment is bought on hire purchase, make sure that it is brought into use by the year end to get tax relief on the full purchase price; and
• Making additional pension contributions, taking advantage of the new £60,000 annual input allowance.

Contact us to arrange a meeting to discuss your current structure to see if we can help you reduce your overall tax burden