The 2020/2021 tax year end is almost upon us so now is a good time to think about whether there is any action you need to take before the 5th of April.
For example:
Do you need to purchase any computer equipment or plant & machinery ?
Should you make any additional payments into your pension either as personal contributions or company contributions ?
Have you taken advantage of the £2,000 dividend allowance for 2020/2021 ?
Do you need to speak to a financial advisor about using your ISA allowances for the tax year ?
Have you considered making small gifts to minimise future inheritance tax bills ?
Even small actions before the end of the tax year can make savings for you.
If you need any assistance with your tax affairs please get in touch – the first meeting is always free.
