Tax Year End

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.

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