With the current tax year having begun on 6 April 2021, the clock is ticking, and it is important to utilise all the tax reliefs and allowances available to you before 5 April 2022, in order to minimise your liabilities.
To help you begin to consider the various options and strategies that may be available to you, we have recently published our 2021/22 Tax Planning Checklist.
Personal and business tax planning are equally important and can often go hand-in-hand. However, it’s also worth bearing in mind that your circumstances are likely to be very different to the next person, or the business down the road, so it is essential that you seek professional advice at the earliest opportunity.
Discussing your upcoming plans, for the next six or 12 months, with a professional adviser could help you to significantly reduce your liabilities.
If you’d like to talk to one of our team about effective tax planning, no matter what stage your business is at, please contact us today at one of our offices in Biggleswade, Huntingdon or Letchworth, or fill in one of our online enquiry forms.