Top 5 Tax Reliefs That Small Businesses Often Miss

5 Overlooked Tax Reliefs That Could Save Your Business Thousands

Many small businesses miss out on valuable tax reliefs that could significantly reduce their tax liabilities.

Key Reliefs:
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1. R&D Tax Credits - Refunds for innovative businesses.
2. Employment Allowance - Reduces National Insurance contributions by up to £5,000.
3. Business Asset Disposal Relief - Lower CGT rates for business sales.
4. Annual Investment Allowance - Full deductions on plant and machinery.
5. Super Deduction (Final Year) - 130% tax relief on investments ending April 2024.

Check if your business qualifies for these reliefs. Contact UMC Accountants to maximise savings.