A capital allowance lets your business claim tax relief on equipment, vehicles and other assets. It reduces your taxable profit in the year you make the claim.

The Annual Investment Allowance lets most businesses deduct 100% of qualifying asset costs from taxable profit in the year of purchase, up to £1 million.

Taxable profit is the figure your tax bill is calculated on. It's your income minus the business expenses HMRC allows you to deduct.

VAT is a tax on most goods and services, and UK businesses must register and charge it if their VAT-taxable turnover exceeds £90,000 in a 12-month period.

Without tax planning, business owners often face cash flow pressure, missed allowances and unexpected tax bills that limit confidence and long-term financial control.

The Bottom Line: Your costs are going up, and there's less tax relief to help soften the blow. But we’re here to help.

The good, the bad and the surprising. We explain how the Autumn Budget impacts your personal and business finances.

The government has announced that two popular business investment incentives, offering a number of tax breaks, have been extended.

Which is right for you will depend on your business goals and personal circumstances. Our aim with this article is to help you understand the differences and help you to make an informed choice.

The installation of some specified ESMs in residential accommodation is now zero rated for VAT, a change that took effect on 1 February 2024.