Preparing for a 50% top tax rate

The new top tax rates: reducing the impact

Giving and receiving: claiming relief on charitable donations

Making the most of your ISA allowance

Capital allowances: getting the timing right

Tax-efficient ways of extracting profit

Maximising your retirement income

The inheritance tax legacy

Reducing the cost of business motoring

Year End Checklist

 

Year End Checklist

  • Plan to minimise the tax take, including VAT and capital gains tax
  • Make sure I avoid overvaluing stock and work in progress
  • Talk to my accountant about ways to extract profits from my business at the smallest tax cost
  • Consider ways of improving cash collection
  • Review my pension arrangements
  • Find out how the timing of dividends and bonuses could reduce or defer tax
  • Make the most of my 2009/10 ISA allowance
  • Find out the impact of accelerating disposals into the current financial year or deferring them into the next
  • Claim capital allowances for expenditure on business equipment
  • Make sure I am offering tax-efficient staff remuneration packages
  • Put in place a tax-efficient gifting strategy
  • Review my estate plan
  • Send my business and personal records to my accountant in good time
  • Contact my accountant regarding these and any other issues relating to my business, tax and personal financial situation.

We are here to help

Make good use of us! This guide is merely a starting-point, designed to help you identify areas that might have a significant impact on your tax planning.

Please keep us informed of your plans and consult us early for help in taking advantage of tax-saving opportunities and tax-efficient investments. We are always pleased to discuss matters with you and advise in any way we can.