We look forward to returning to 100% optical 2023!
Posted on 26th January 2023 at 14:11
Whilst recent economic changes have caused some concern, independent optical practices appear to be positively thriving. Their resilience in the face of a more challenging economic backdrop is quite remarkable and once again demonstrates the profession's ability to adapt and overcome.
Looking forward, it is always important to make strategic plans to improve and grow in order to sustain your long-term future and 2023 is no different.
Most economists believe the Bank of England base rate will reach 4.5% or more over the next few months, It, therefore, makes commercial sense to lock into one of our fixed-rate finance options as soon as possible.
Whatever your plans; new equipment, practice refurbishment, practice acquisition, talk to Performance Finance and secure one of our highly competitive fixed-rate funding packages.
Do not forget, the deadline for super-deduction tax relief is the 31/03/2023.
What is super-deduction?
For purchases between 1 April 2021 until 31 March 2023, companies that pay corporation tax will be eligible to offset 130% of the asset value against their taxable profit in the first year.
What does this mean for optical practices?
This is excellent news for optical practices wishing to invest in equipment, shop fit and technology!
We can also help you with VAT de Minimis, you can find a very useful guidance video (left).
VAT de Minimis can also be discussed with our dedicated account managers Susan Marshall and Pete George. They will always offer the most cost-effective and tax-efficient finance product to suit your business.
Thinking of starting a new practice?
We have a new start funding hub on our website, ideal for opticians and ophthalmologists starting their own practice.
There are tips for underwriting expectations, guidance for executive summaries, cash flow forecasts and much more.
This is a fantastic tool that will help guide you through the next step in your career.
We are not your typical finance company...
We understand our clients require an elevated level of personal service delivered efficiently from a finance provider that has detailed knowledge of their profession.
Our direct lending facility allows us to be very flexible and accommodating for all circumstances, whether you are starting your journey, or looking to expand your business, we complete arrangements with speed, efficiency, and flexibility which is why have a 5.0 excellent Trust Pilot rating.
Stuart and the team look forward to catching up with many familiar faces and meeting new optical professionals at 100%. You can find us on stand M150.
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