Asset Finance Remains Popular The latest figures from the FLA tell a positive story about the asset finance market’s robustness during 2018. Despite widespread market fluctuations (not helped by Brexit), with the exception of motor finance, the amount of asset finance provided to UK businesses, across all the other sectors the FLA monitors, showed month on month and year on year growth when compared to 2017. In 2018, the overall value of new [...]
Annual Investment Allowance Increases Tax relief for investment in business assets In the 2018 budget Phillip Hammond announced the most generous Annual Investment Allowance increase ever. January 2019 marks the point at which the new £1 million allowance limit comes into force. The Annual Investment Allowance delivers 100% tax relief in the year of purchase on the cost of a wide range of assets, including plant and machinery, LCVs, HGVs and other commercial [...]
How Does HMRC’s New Electronic Tax System Affect Your Business? With the near-ubiquitous nature of digital systems, it almost feels as if Her Majesty’s Revenue and Customs is late to the party. However, the changeover to digital tax returns that the government is currently rolling out is causing waves through the business world. Many small companies not yet ready to move over to a paperless model and larger companies now have only a [...]
Business Asset Finance Predictions for an Unpredictable 2019 This year is set to be an interesting one with a good deal of uncertainty at the present time, but how will this affect the business asset finance sector? The ‘B’ word is top of the agenda, but we’ll also take a look at what else could impact performance over the next 12 months. Brexit We’re roughly 100 days away from exiting the EU and, [...]
New contract hire offers from Maxxia! Take a look at some of our current special offers We have a new selection of special offers to share with you. The prices are keen, the vehicles are available and the stocks are limited, so act quickly to make sure you don’t miss out. This month’s offers include the Mercedes E300e plug in hybrid which combines electric power with a diesel engine. For those high mileage [...]
5 Ways Investing in Green Energy Could Help Your Business Go Green and Grow Your Business We hear a lot these days about going green, investing in green energy, green this and green that– but what does it all really mean for businesses and how can you use it to your advantage? It’s true that you probably can’t get your business energy completely from renewable sources at the moment, unless you have some method [...]
How does IFRS 16 affect you? What is IFRS 16? IFRS 16 (International Financial Reporting Standard) is a new standard for lease accounting which will come into force in January 2019. It will replace the existing IAS 17 lease accounting standard. It’s been put together by the International Accounting Standards Board (IASB). At first glance, it’s a complicated piece of accounting legislation which could potentially be a nightmare to navigate. On closer examination, however, [...]
Contract Hire for Business – What are the Tax Implications? Leasing company cars and vans, rather than buying them outright, is now well established for businesses. It provides known, easily budgeted costs with no hidden surprises and predictable cash-flows. The most popular type of vehicle leasing for businesses is contract hire. It's a form of operational leasing which allows the end user or lessee to hire a car for a set period of time and [...]
How To Lease ICT Equipment For Schools With school budgets being continually limited and reduced, it can be extremely tough to keep up with the demand for up-to-date ICT equipment. No educational establishment wants to develop a reputation for being behind with the times and yet with technology moving so fast, doing the best you can with a smaller budget is essential. For this reason, computer leasing for schools is much in demand as [...]
