Summary
Savvy businesses can save money by considering several factors as the end of the tax year approaches, explains Paul Benney, tax partner at Haines Watts chartered accountants in Exeter TALKING BUSINESS THERE are raft of tax planning opportunities which form an important part of pre-year end planning.
These are always worth carrying out so that wherever possible savings can be delivered to the bottom line. Consider the following seven issues which in our experience are worth reviewing as they can often reveal tax saving opportunities: Pension contributions: These can be made either personally or by a company on an individual's behalf. If they are made directly by a company they will not be taxed or subject to National Insurance, but will be deductible for company tax purposes.See the full content of this document
Extract
Make Most of Tax Opportunities
If made by an individual, higher rate tax relief can be claimed. The previous Government's complicated rules surrounding high earners and restricted tax relief for pension contributions h...
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