Accountants - How can we help?
Increasingly, accountants are being called upon by their clients to provide advice on Capital Allowances. However, the majority of accountancy firms do not have – and cannot be expected to have – their own Capital Allowances facility. This is where we can help.
We work with a large number of accountancy practices, complementing their core services with expert Capital Allowance services – either under their own brand or through direct referral to their clients.
We can provide a review of clients’ expenditure and advise whether sufficient claims for Capital Allowances have already been made, or if there is available unclaimed expenditure. This can be a joint exercise between Stuart Rivers Associates and the accountant for not only historic expenditure but also for current and future tax planning.
Our partnerships with accountants are now even more important given the new fixtures rules that were applied to Capital Allowances on 1 April 2012. For clients that are buying or selling a commercial property, it is vital that accountants work with Capital Allowance Consultants to obtain the mandatory fixtures valuations that must form part of the contract negotiations.
We advise on the rules of Apportionment for those clients who have acquired a second-hand property. This may enable them to benefit from a Capital Allowances claim on the basis of an Apportionment of the purchase price. If this is the case, no matter when they purchased the property, urgent reviews of their potential to claim are recommended.