Susan Perry, founder of Cooper Accountancy, explains how to make the most of your taxable allowances, business tax reliefs, dividends, while not forgetting personal tax breaks, to avoid leaving money on the table
The end of the tax year on 5 April marks an important milestone in the business calendar. Companies must think about reconciling accounts and filing tax returns. For many the end of the tax year also marks the end of the financial year, a time to think about profit, turnover and growth targets.
The run up to the end of the year can be hectic as businesses focus on the bottom line before the deadline. But it’s also a critical time for making sure that all tax considerations have been accounted for.
As the end of the year quickly approaches, it’s imperative that directors are looking at their accounts, reviewing the numbers and checking that they are not missing out on any valuable tax saving opportunities for the company to take advantage of.
