Latest News

Updates from the Clayton & Brewill team.

Year-end tax planning

20th March, 2015

With the end of the tax year fast approaching, Clayton & Brewill’s Neil South reminds business owners to plan their year-end in the most tax-efficient manner.

Neil South partner and chartered accountant at Clayton & Brewill chartered accountants

Neil South

Whether it’s been a good, bad or middling year for your business, with some forward thinking and a bit of planning, there is much you can do to maximise your tax allowances and reduce both corporation tax and personal tax bills.

As a business owner there are a number of strategies you can consider, including:

  • Tax mitigation strategies through venture capital trusts and enterprise investment schemes.
  • Managing income and deductions to maximise cash-flow and minimise tax.
  • Ensuring that your salary and dividend payments are balanced to best benefit from personal allowances and the basic rate tax band.
  • Maximising pension contributions within the taxable limits set by HMRC.
  • Making the most of your ISA allowance.
  • Pre and post year end capital investments.
  • Utilising personal capital gains tax exemptions.

Tax planning for business owners

If you would welcome a chat about how we can help you make the most of available tax planning tools please do give us a call on 0115 950 3044 or you can email us here.

Get in touch
We'd love to talk to you about how we can help. Please leave your details here and one of our team will get back to you as soon as possible.