Asset Finance

Following the budget, we know that full expensing has been kept – allowing businesses to deduct the full cost of qualifying new assets and equipment from their taxable profits in the year of purchase. With the increase in national insurance and minimum wage, this now means that investing in equipment to grow can be more tax efficient than hiring additional staff.

If your business is looking to upgrade or replace outdated equipment, invest in new vehicles or machinery to expand operational capacity or adopt the latest technologies, now is the time to acquire the assets you need whilst also reducing your corporation tax bill. Hire Purchase allows your business to acquire the assets it needs without the financial burden of an outright purchase and still claim the tax relief.

Asset Refinance

With National Insurance and Minimum Wage increases coming into effect in April businesses will find themselves with significantly increased overheads. Asset Refinance is a vital cash flow management strategy which can help by reducing monthly repayment as well as providing a cash injection to help pay current bills. Funds can be released quickly and, with fixed monthly repayments over a longer term than many unsecured loans, repayments are much more manageable.