Capital Allowances
Capital Allowances 2023-24 2022-23 Plant and MachineryMain writing down allowanceLong life assets, integral fixturesFull expensing – 100% FYA First year allowances – super-deductionFirst year allowances – special rate 18%6%100%–50% 18%6%–130%50% R&D tax credits SME schemeR&D expenditure creditStructures and buildings allowanceAnnual Investment Allowance (AIA) 186%20%3% £1,000,000 230%13% 3% £1,000,000 CarsNew and unused, CO2 emissions are 0g/km (or car is […]
Wealth Review
Empowering Financial Growth: Wealth Reviews with HMA Accountants At HMA Accountants, we believe in proactive financial planning for a more secure and prosperous future. Our Wealth Review service is designed to give you a comprehensive picture of your current financial situation, empowering you to make informed decisions for building and preserving your wealth. What is a Wealth Review? […]
Inheritance Planning
Secure Your Legacy: Comprehensive Inheritance Planning with HMA Accountants At HMA Accountants, we understand the importance of safeguarding your legacy and ensuring your loved ones are taken care of after you’re gone. Inheritance planning goes beyond just writing a will – it’s a comprehensive strategy to minimize tax burdens, distribute assets efficiently, and secure your family’s financial […]
Family Trusts
Trusts can be complex but can also have huge benefits: Expert Guidance from HMA Accountants At HMA Accountants, we understand the importance of planning for the future of your family. Familytrusts are a valuable tool that can help you achieve your inheritance goals, protect your assets, and ensure your wealth benefits future generations. What is a Family […]
Family Tax Planning
Safeguard Your Legacy: Family Tax Planning with HMA Accountants Building wealth for your family is a commendable goal. However, navigating inheritance tax and other tax implications can be complex. At HMA Accountants, we specialize in family tax planning, helping you minimize tax burdens and ensure your legacy is passed on smoothly to future generations. Why Family Tax […]
Company Structures
Considerations The impact of the coronavirus has prompted businesses to reflect on ways to safeguard their long-term success. One consideration that may arise is whether there are better methods to protect your primary assets. Preserving core assets is vital for ensuring the sustained prosperity and viability of your business. However, concentrating all these assets on […]
Capital Allowances
What are Tax Capital Allowances? Simply put, tax capital allowances allow you to deduct a portion of the cost of certain capital assets from your taxable profits over a set period. This reduces your tax liability and frees up cash flow to invest back into your business. Qualifying Assets: Plant and machinery: This includes equipment, […]
VAT
At HMA Accountants, we understand that VAT can be a confusing subject for business owners, regardless of whether you are just starting out or have been in business for a while. With fluctuating rates and varied regulations on different goods and services, it’s easy to see why many people get it wrong. However, the consequences […]
Payroll & Pensions
If you want to concentrate on running your business rather than getting tied down with the ever-changing world of payroll, look no further than our bespoke payroll service. Our outsourced payroll service can not only save you money on in-house payroll software and payroll staff but can also provide constant cover – cutting out the headache […]
Management Information Packages
Many small businesses do not have the internal knowledge or expertise to be able to create budgets and cash flows. However, these are imperative for the smooth running of the business especially as you expand. Why not hire us to do this for you? We can also help with monthly or quarterly management reports to […]
