This year end guide relates to planning opportunities that were relevant prior to the end of the last tax year. We will publish our 2013/14 year end guide on 1 November 2013 and keep this updated through to the end of the current tax year on 5 April 2014. For our recommended guidance for the current tax year please view our detailed 2013/14 tax and financial planning guide or contact us.
Minimise the tax you pay
For many, 2012 has been a tough year with the adverse weather affecting some businesses while the summer games have had differing affects on business. With the Government struggling to balance the public expenditure against tax revenues there is always the prospect of further stealth taxes around the corner. So, this is a good time of year for a tax check up - are you satisfied you are paying the minimum tax necessary? With a top rate reduction imminent, but the curtailing of a number of well used reliefs, there really is no time like the present to take a step back and look at how you are managing your personal finances and your business, and consider how you might reduce your taxes and/or improve your financial and business strategies.
In this year end guide we consider some of the ways you might act now to help achieve a more secure future for you, your family and your business. Please contact us now to discuss your specific situation and the planning opportunities you could consider before the end of the tax year. Acting now could pay dividends in the future.