Current global economic difficulties and severe cut backs at home, have forced many to re-evaluate their spending habits and downsize their ambitions.
Unfortunately, what is rarely mentioned, is the importance of the many small businesses and consumer support network that helps to keep the wheels of our economy turning, and money flowing through all levels of society.
We feel that it is vital to support these hard working individuals and ensure their businesses have the chance to flourish.
While we accept that tax is part of life, excessive tax is unproductive. Let’s face it, each and every contact with money generally involves a tax at some point, whether the money is earned, saved, or spent.
We believe that a more positive outlook would be beneficial, and in view of this we do our best to support businesses and individuals, helping them to realise their dreams and promote local prosperity.
Many people are unaware of the fact that for example:
If your business has made losses, have you made sure that those losses are being used to reduce your current tax bills ?
If you are self employed, it may be possible to set losses against your other income, or even against income from the previous year.
This ensures that a good year’s trading can help support the business if it hits a bad year.
If you would like to hear more of our ideas please give Steve a call on 01225 751302.