April’s year end is fast approaching, have you used your full Annual Investment Allowance for this tax year?
The Annual investment allowance (AIA) gives businesses tax relief when purchasing assets such as plant and machinery i.e. dental chair. AIA allows you to claim back 100% tax relief on the asset purchased, which could help reduce your overall tax.
So, if you have been thinking about purchasing some new equipment for the practice such as a 3D Scanner or 3D Printer to enhance the patient experience now is the time to act.
If you want to take advantage of AIA but don’t have the funds available, then purchasing the equipment via an Asset finance agreement could be the solution. Asset finance can be structured over 3-5 years, to assist you in managing your finances and providing you with a regular monthly payment rather than paying a large lump sum out of your working capital and perhaps putting pressure on your bank accounts.
More on Annual Investment Allowance
Samera Finance are experienced healthcare brokers with a banking background with access to many asset finance providers. It’s always best to explore the market and see what is available rather than just approaching a single lender.
Please contact us directly if you wish to explore your options.
Further Information on Accounts & Tax
Our team of specialist accountants and tax experts can help manage, process and structure your business’s finances. From management accounts and payroll & pensions to tax planning and cash flow management, we can take care of the full back-office function of your business.
Book a free, no-obligation consultation with one of the team to find out how we can make your accounts & tax easier, quicker and cheaper.