As a business owner, you are always looking for ways to reduce your taxes and keep more of your hard-earned money.
One way to do this is by investing in tax efficient investments.
In this blog post, we will discuss three tax efficient investments that all businesses should consider.
1. The Seed Investment Scheme
The Seed Investment Scheme is a tax efficient investment for businesses that are looking to invest in early-stage companies. This scheme allows businesses to claim back up to 50% of their investment in an eligible company.
To be eligible for the scheme, businesses must:
- Invest between £50,000 and £150,000 in an eligible company
- Hold the investment for a minimum of three years
- Be a UK resident company
If you are thinking about investing in early-stage companies, the Seed Investment Scheme is a great way to reduce your taxes while also supporting these businesses.
2. Business Premises Renovation Allowance
The Business Premises Renovation Allowance is a tax efficient investment for businesses that are looking to renovate their premises. This allowance allows businesses to claim back up to 50% of the costs of renovating their premises, including the cost of materials, labour and professional fees.
To be eligible for the allowance, businesses must:
- Spend a minimum of £20,000 on renovating their premises
- Be a UK resident company
Therefore, renovate your business premises today and take advantage of this tax efficient investment.
3. Employment Allowance
The Employment Allowance is a tax efficient investment for businesses that are looking to create new jobs. This allowance allows businesses to claim back up of £2000 – £3000 per year for each new employee they hire.
To be eligible for the allowance, businesses must:
- Be a UK resident company
- Have fewer than 250 employees
If you are looking to create new jobs, the Employment Allowance is a great way to reduce your taxes while also supporting job creation.
For more information, get in touch with us today.
