Common Questions
Frequently Asked Questions
My Burnley engineering or manufacturing business does development work. R&D tax credits?
Quite possibly. R&D for tax is seeking an advance in science or technology by resolving technical uncertainty, genuine engineering, aerospace and technical product development usually qualifies. We assess your projects, identify qualifying costs (technical salaries, materials, software, overheads), write the technical narrative and submit the claim.
Do I need to be local to use you as my Burnley accountant?
No, we work with Burnley clients entirely online, by phone, email, video call and secure document exchange. You get the same depth of understanding and personal service without needing to visit an office. Most modern accountancy is handled remotely, so you're not limited to local firms.
Can I claim capital allowances on my Burnley business machinery?
Yes. Plant and machinery, CNC machines, production and aerospace equipment, tools, commercial vehicles, IT, qualifies for capital allowances. The Annual Investment Allowance gives 100% relief on qualifying spend up to £1m a year, and full expensing gives 100% first-year relief for companies on qualifying new plant. We'll identify and claim everything, including allowances missed in earlier years.
I'm a Burnley CIS subcontractor. Am I owed a refund?
Almost certainly, if you've had 20% deducted and haven't claimed it back. After your £12,570 allowance and legitimate expenses, the actual tax due is usually far less. Full-year refunds are typically £2,000-£6,000. We'll maximise yours.
Should my Burnley business be a Ltd company?
At profits above £40,000-£50,000 a Ltd company typically saves £2,500-£5,000+ a year through salary-plus-dividend structuring, plus limited liability. Below £30,000 the saving rarely justifies the extra admin. We'll model both with your numbers.
My Burnley business employs staff. Can I claim the Employment Allowance?
Most likely yes. The Employment Allowance lets eligible employers reduce their annual employer Class 1 NIC bill by up to £5,000. It's not available to single-director companies with no other employees, but a business with staff usually qualifies. We claim it through your payroll automatically.
I'm a Burnley landlord. What can I claim against rental income?
Repairs and maintenance, letting agent fees, landlord insurance, ground rent and service charges if leasehold, gas and electrical safety certification, mortgage interest (with the Section 24 restriction), and Replacement of Domestic Items relief on furniture. We capture everything and file your self-assessment.
How do I get started?
Book a free 15-minute call via Calendly, or call our office on 020 8050 4564 or mobile 07478 645331. We work with Burnley clients fully online and we're experienced with manufacturing, aerospace and engineering firms, R&D claims, CIS trades and the BB community.