Tax Planning Checklist

Tax Planning Checklist 

It is a good idea to periodically review your affairs to see if you are paying the right amount of tax.

Here are a few ideas to get you started. 

  •    Have you looked at your claim for capital allowances for expenditure on business equipment.
  •   Discuss with your accountant how to minimise the cost of the company car.
  •   Ensure that tax rates are as low as possible for you and your family.
  •   Review your pension arrangements.
  •   Check your PAYE code and understand the tax rates and allowances applicable to you.
  •   Utilize your ISA allowance and consider other tax saving opportunities.
  •   Plan to minimise the tax take, including VAT and capital gains tax.
  •   Put in place a tax efficient gift giving strategy.
  •   Review your will.
  •   Contact your accountant to discuss these and other strategies to help minimise your tax liability.

If you would like a booklet with 70 ideas then please get in touch