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Time Is Running Out For Tax Planning Opportunities

Speak to your tax adviser soon ...

 
 

POSTED BY HELEN BEAUMONT ON 08/01/2020 @ 8:00AM

As we start 2020, we realise the 5th April is fast approaching and soon the opportunity to undertake any tax planning for the 2019/20 tax year will be lost ...

Start your tax planning now, ready for the next financial year!

Start your tax planning now, ready for the next financial year!

copyright: kantver / 123rf

These tax planning opportunities include:

  • Remuneration choices for directors and shareholders of small businesses

  • Pension planning

  • Charitable donations

  • Employee benefits

  • Investment allowances on capital expenditure

  • Maximising ‘trivial benefits’ exemptions

  • Asset gifting to spouses and civil partners

Particularly, if your annual income is approaching £100,000, some of the above will prove advantageous to your tax position.

These opportunities will be lost on 5 April 2020 so if you're an individual, a family or own a limited company, speak to you tax adviser as soon as you can and start your tax planning now.

Until next time ...



HELEN BEAUMONT

Would you like to know more?

If you'd like some specialist tax planning advice, call me on 01908 774323, leave a comment below or click here to ping over an email and let's see how I can help you.

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About Helen Beaumont ...

 

Helen brings the personal tax planning experience of the top 20 tax companies to Essendon. Formerly of MacIntyre Hudson (with 45 offices nationwide), Helen worked at Chancery for more than 10 years before joining Essendon as the personal tax specialist.

Tax Planning can make a considerable difference to your tax liability. Helen has specialist knowledge and experience in tax planning and uses every opportunity to minimise your tax bill is utilised. By analysing your investments, income, profit and expenditures, Helen will provide strategic tax planning expertise that could offer significant savings, whilst delivering clear, honest advice and guidance.

When Helen is not at Essendon she spends time with her young son and likes going on long walks with the family dog.