As well as general accountancy and tax skills, we also have individual specialist skills which enable us to provide clients with a first class service as and when required. With our wealth of experience we pride ourselves on delivering an unparalleled service to all clients, what ever their size or sector.
In addition to traditional accounting and tax services we also provide advice on how to improve and develop your business. Whether you need an integrated business strategy, access to corporate finance or specialist tax advice we are here to help you achieve your goals.
We aim to provide a complete accounting and taxation solution for you and your business whilst providing a personal tailored service to suit your needs and requirements. We are happy to arrange meetings outside of office hours and to come to your home or office.
The sole director is Ian C J Critten FCCA. Ian qualified as a certified accountant in 1993 following spells at Hatfield and Leeds Polytechnics. He completed his training with a small firm of Chartered accountants in Leeds and then took a position at a firm in Sheffield before relocating to Cambridge to setup his accountancy practice, initially on a part time basis. Following roles as Financial Director with an Engineering firm he decided to concentrate full time on accountancy in late 2007 and set up Ian Critten Accountancy Ltd in February 2008.
The Annual Investment Allowance (AIA) provides a 100% deduction for the cost of most plant and machinery (not cars) purchased by a business up to an annual limit and is available to most businesses. Where businesses spend more than the annual limit, any additional qualifying expenditure generally attracts an annual writing down allowance of only 18% or 8% depending on the type of asset.
The maximum amount of the AIA was increased to £250,000 from £25,000 for the period from 1 January 2013 to 31 December 2014. The amount of the AIA is further increased to £500,000 from 1 April 2014 for companies or 6 April 2014 for unincorporated businesses until 31 December 2015. The AIA will return to £25,000 after this date.
The increased AIA will mean that up to 99.8% of businesses could receive 100% upfront relief on their qualifying investment in plant and machinery. For example a single company with a 12 month accounting period to 31 December 2014 could obtain overall relief for the period of £437,500 (£250,000 x 3/12 plus £500,000 x 9/12). There is a restriction of £250,000 for expenditure incurred in that part of the accounting period which falls before 1 April 2014.
