Whilst the calendar year is nearing its end, there are still a few months to go before the end of the tax year on 5 April 2022.
The clock is now ticking to make use of the tax reliefs and allowances available to you and your business before the new tax year begins.
There are lots of steps you can take to reduce a potential tax bill – but careful planning is needed to help you make the most savings. There are many ways to minimise your personal tax bill, including:
There are also a wide range of tax-efficient investment options, which can help to reduce your liabilities. Are you using, or have you considered the following?
Tax planning is also essential before your financial year-end and before any material transaction.
We have 50 tax saving tips which, if fully utilised, could reduce your tax bill by over £686,425. This could drastically reduce the amount you pay – most of our clients are surprised by how much they save. In fact, we cut our clients tax bills by £8 million last year.
Every person’s approach to tax planning is different and is based around their income, assets and their aspirations.
Speak to us to find out why a tax planning meeting with our team of specialists might be the best gift you can give yourself this year.
Contact us by calling 0800 2346978 or emailing [email protected]