Capital allowances are a type of tax relief for businesses. They let you deduct some or all of the value of an item from your profits before you pay tax.You can claim capital allowances on:equipmentmachinerybusiness vehicles, for example vans, lorries or business carsThese are known as ‘plant and machineryIf you’re a sole trader or partnershipContinue reading “Capital Allowances”
Tag Archives: Newry Accountant
Simplified Expenses for Self Employed
Simplified expenses can be used for sole traders or partnerships that have no companies as partners. They are a way of calculating some of your business expenses using flat rates instead of actual business costs. You can decide if actual costs or simplified expenses suits your business. Types of simplified expenses You can use flatContinue reading “Simplified Expenses for Self Employed”
Accounting Support
KPM Accounting provide accounting and administration services throughout NI. Contact us to discuss how we can assist your business and keep your books and self assessment up to date. Stay ahead of the self assessment deadline.
KPM Accounting 