Make sure you take advantage of the wide range of year-end tax planning opportunities available this year. Here is our checklist of the main top ten areas to consider for you, your family and your business.
For myself AND my family I have…
Made the most of my 2012/13 Individual Savings Account (ISA) allowance
Taken advantage of increased pension contributions to reduce taxable income
Ensured that I have a tax-efficient gifting strategy
Used my annual capital gains tax exempt amount
Reviewed my estate planning and my Will
For my business I have…
Extracted profit from my business at the lowest tax cost
Made sure my staff remuneration packages are tax-efficient
Carefully considered the timing of asset purchases and sales
Recorded any appropriate constructive obligations in respect of employment awards
Planned the purchase of business equipment to take full advantage of capital allowances
Are you satisfied you are paying the minimum tax necessary?
As everyone’s circumstances are different, we would be delighted to review yours with you so we can help you make the maximum tax savings. To discuss how we could help ensure that you are not paying any more tax than you absolutely need to, please contact us for further information.