Planning ahead of the year end

Tax and financial planning should not be left until the end of the tax or financial year, but in advance of the end of YOUR business year. Issues to consider include:

• The impact on your tax position and financial results of accelerating expenditure into the current financial year, or deferring it into the next
• Additional pension contributions or reviewing your pension arrangements
• How you might take profits from your business at the smallest tax cost, and how the timing of payment of dividends and bonuses can reduce or defer tax
• Avoiding overvaluing stock and work in progress
• Improvements to your billing systems and record keeping, or a general systems review to improve profitability and cash flow

National insurance efficiency and employee remuneration packages with potential cost savings for both you and your employees.


Remember if you need help or advice, give us a try.