First Business Finance

29/11/2023

29/11/2023

Government backed scheme.

09/05/2023

Speak to our team about loans for many different aspects of your business. Call 01634 386868

23/03/2023

Did you see the Spring Budget and the tax reliefs associated with investment within plant and machinery!
The reliefs and allowances within the corporate tax system are an important factor in business investment decisions and I personally feel that “Full Expensing” is great news for all UK business.
The decision in the autumn to permanently set the Annual Investment Allowance at £1million, means 99% of businesses receive 100% tax relief on their qualifying plant and machinery investments in the year of investment.

https://lnkd.in/d-rw4n67

Under “full expensing”,

From April 2023 until the end of March 2026, companies can claim 100% capital allowances on qualifying plant and machinery investments.

Full expensing allows companies to write off the cost of investment in one go.

For every pound a company invests, their taxes are cut by up to 25p

Most tangible capital assets, other than land, structures and buildings, used in the course of a business are considered plant and machinery for the purposes of claiming capital allowances.

There is no shortage of liquidity in our market and so we stand here ready to help SME's and Corporates take advantage of these tax breaks.

More information can be found on the government website https://lnkd.in/dSYw2ATn

Call us to discuss 01634386869

#

We’d like to set additional cookies to understand how you use GOV.UK, remember your settings and improve government services.

10/03/2023

First Business Finance in partnership with Ebury Partners UK Limited is pleased to be able to offer its clients and introducers stock finance for international supplier invoices.

Many businesses experience cash flow issues due to unforeseen risks, market volatility and seasonality blocks.

We help limit your exposure to market volatility by giving you the option of sending payments in your suppliers’ local currency and repaying in your local currency.

Available for importers of goods, our solution does not conflict with any existing lending facilities, ensuring that you always have peace of mind to focus on what matters most.

Minimum Entry Requirements apply, please call 01634 386869

28/02/2023

The government has been offering an increased tax deduction of 130% on new asset purchases, but this is about to expire on the 31st March.

This allows businesses to deduct the full value of qualifying assets from profits before tax. The full tax relief is received in the year assets are purchased rather than over several years, therefore reducing your tax liability.

What the Super Tax Deduction could be used for?
Plant & machinery
Vans, lorries, tractor units, trailers, etc
Print, CNC and all other types of manufacturing equipment
Most other new assets
For more information on this allowance from HM Revenue & Customs, please refer to their fact sheet: https://www.gov.uk/guidance/super-deduction

Please contact us now before time runs out on 01634 386869

First Business Finance is here to help with all your business finance requirements.

First Business Finance can help SMEs with their business and financial needs. Asset Finance, Busines

31/10/2022

we have a range of financial solutions to try and tackle the issues created by the current financial situation. Speak to one of our team to see what we can do to help. 01634 386869

24/08/2022

01634 386869
Call to enquire

25/03/2022

Thanks to Bolton for a great night out, lots of laughs as always. 20 years of business and friendship.