Capital investments can be a significant driver toward further growth and innovation - however, they can also put a dent in your financial resources. Capital allowances can unlock significant tax savings, providing much-needed cash flow to fuel further innovation. At Think Cloud, we specialise in providing clarity to the complex nature of securing funding, identifying qualifying investments and applying for capital allowances on your behalf.
'Capital Allowances’ refer to deductions that businesses can claim on certain types of capital expenditure, such as machinery, equipment, vehicles and buildings, against their taxable profits. These allowances are intended to provide tax relief for the depreciation or wear and tear of these assets over time. By claiming capital allowances, businesses can reduce their taxable income, resulting in lower tax liabilities and potentially increasing cash flow for investment and growth.
Capital investments can be a significant driver toward further growth and innovation - however, they can also put a dent in your financial resources. Capital allowances can unlock significant tax savings, providing much-needed cash flow to fuel further innovation. At Think Cloud, we specialise in providing clarity to the complex nature of securing funding, identifying qualifying investments and applying for capital allowances on your behalf.
