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Sage
Bookkeepping
Training

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Services

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IHT & Estate
Planing

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Tax
Planning

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Capital Allowances

2018/2019 2019/2020
Main rate pool: writing down allowance
18% 18%
Special rate pool (long life assets, integral features): writing down allowance 8% 6%
Annual Investment Allowance (AIA) cap: £200,000 £1,000,000

Expenditure within the AIA qualifies for 100% allowance in the year of purchase. The AIA cap is currently £1,000,000 from the 1st January 2019 for two years. If the accounting period is shorter or longer than 12-months the AIA cap is apportioned based on the length of the period.

The AIA allowance allows businesses to invest in equipment and fixtures (cars and buildings don't qualify), with 100% tax relief in the year of purchase.

 

Charities & Not For Profit

We have been providing charity clients with high quality, specialist advice and service for many years, and our charity clients range from small village halls to large national organisations...

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Farming Industry

The largest industry sector that we deal with is farming, as you would expect in a rural practice. This means that we have developed considerable expertise in this field...

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