As we come out of the recession a lot of firms are getting busier and are beginning to expand, this is the most important time for a business to consider its capital allowances and if they can take advantage of the current ceiling limit of half a million.
At the last budget the maximum amount of the Annual Investment Allowance (AIA) was increased from £250,000 to £500,000 for all qualifying expenditure on plant and machinery made from 1st April 2014 for corporation tax ‐ and 6th April for income tax.
While the current limits are quite generous for most businesses, it is very important to consider the timing of capital expenditure to ensure that tax relief is optimised, because after 31st December 2015 the limit, with the absence of any other provisions, will be reduced back to £25,000.
If you are considering spending your money on plant and machinery it would be wise to discuss this with your professional financial adviser before making a commitment.
"The Walker Group has worked with Dutton Moore for more than 30 years. They have acted on behalf of all the Group’s companies and the family and are trusted and highly experienced business accountants, auditors and business advisers."Lee Davies, A.C.A, Financial Director, Walker Group
"We have worked with Dutton Moore for many years and have always received a first-rate service. The team at Dutton Moore provide us with invaluable accountancy, strategic planning and business advice as we continue to be a growing business in this region."Simon Gibson, Director at Simon Gibson Transport Ltd, Goole, East Yorkshire
Grain merchants and farmers, Burstwick, East Yorkshire:Jeremy Saunt, Director at Johnson and Saunt
"We have been clients of Dutton Moore for more than 20 years – they carry out all our accountancy work and business advice, their service and attention to detail is outstanding."
"Dutton Moore are an excellent provider of financial services for significant Hull based businesses such as Smales. We have worked with the firm for many decades and are guaranteed sound financial and business advice, alongside the general accountancy services that they provide. What is key for my Company is the direct involvement of the partners with the Smales management."Robin Orr B.Com; C.A; C.T.A, Financial Director, F.Smales & Son (F.M.) Ltd, Hull
"Having worked with Dutton Moore for many years now, we have always found the service extremely professional, prompt and courteous. As a growing business over the years their advice has been exemplary and without their valuable assistance in accounting and strategic planning we would have found the many transitions of growth a lot more challenging."Richard Spencer, Commercial Director, Spencer Signs Ltd, Hull
We have just refreshed our staff photo and wanted to share it with everyone. Most of the faces are familiar as our staff retention is very high….but like every year, we have plenty of new trainees joining us, so there are some new faces too! ...
We are delighted to sponsor Wyke College’s educational trip to Thailand this summer term. 31 pupils and staff headed out to Thailand last week for a 2 week trip including sightseeing and working in Thai schools promoting sport, drama, music and the use of the English language. Pictured are the staff and pupils, sporting their Dutton Moore rucksacks, alongside Tony Bullo...
We are delighted to be sponsoring Brandesburton Cricket Team. As a firm we like to support our grassroots sports teams wherever we can and this season we are sponsoring the Senior Team’s training tops. Good luck for the rest of the season! ...