In the 2021 Budget, the Government introduced super-deduction.
This means that when you buy certain new equipment (including computers) you can claim a 130% capital allowance and you can write off more than the cost of the purchase on your corporation tax bill.
For example, if you spend £1,000 on computer equipment, it’ll reduce your corporation tax bill as if you had spent £1,300.
It was designed to give you a strong incentive to make additional investments in your business and to bring planned investments forward.
Your accountant should be fully aware of it and be able to provide you with all the information but if you would like to read more about it, you can find the HMRC summary here).
If you want to invest in new computers in the next few years, book a call with us!
Supplies of hardware are still disrupted due to the pandemic. It can still be difficult to get hold of certain specifications or pieces of equipment.
Now is the time to think ahead about what new hardware your business could need in the next few years.
We can then help you plan ahead. Talk to us about your business goals and technology requirements and we can then put in advance orders for new equipment for you.
If you can see any need at all to purchase new hardware in the next two years – act now, and benefit from super-deduction.
At ITGUYS, we know all about super-deduction and we would love to talk to you about it. We’ve been gearing up to this for some time.
If you would like to find out more about this opportunity, you can easily book in a call with me by using my calendar scheduler: itguys.com/ben
Alternatively, please call our office number – 020 7241 2255 or fill out our contact form, and we’ll quickly get back to you.