Tax Planning

Tax legislation is becoming ever more complex and the need for specialist tax advice is becoming increasingly important for both businesses and individuals.

Often the saving of tax is reliant on the timing of events, so planning is crucial. Take action before your tax year end to minimise your tax bill.

Whether you are planning your tax strategy for a busines or for your personal tax both need to be considered togethr as one reflects on the other.

List of items to consider when tax planning

1. Personal Tax
2. Personal Allowances
3. Pensions
4. Other sources of income
5. Property Tax
6. Private Residents relief
7. Business Tax
8. Capital Gains
9. Capital Expenditure / Allowances
10. Enterprenuerial Relief
11. Enterprise Investment Schemes

Before acting on any of the above, talk to a specialist tax advisor, who can look at your own situation and then recommend the best tax saving strategy for you and your business.

Call us today on 024 7634 9192 to discuss your requirements or Email: taxplan@sheridanaccounting.co.uk