Before you know it the tax year will have come to an end and, in some cases, there may be things you should do before the new tax year arrives.
Take a look at our PayLessTax Newsletter, it’s our gift to you.
At businessVision we are always in search of ways to help and inform our clients and our wider community and in this special edition of the PayLessTax newsletter we flag up tax changes that are potentially coming into play from April 2020 which might cause you to act now.
If you have more than one employment you might be paying too much Class 1 national insurance. We look at how that might arise and what actions can be taken as regards the past, present and future.
Should you be selling your previous main residence or second property now to either mitigate your capital gains tax lability or improve your cash flow position or both?
Is your business caught by the new off payroll working regulations? If so, are you ready for it?
Have you separated from your spouse or civil partner during the course of this tax year? Should you be doing something to mitigate the potential tax implications?
Be aware that this is only covering 5 areas of year end planning. There are many more. Please let us know if you would like to have a full tax year end planning review. Whether that is for you, your family and/or your business, we will be happy to oblige.
Over the coming months if one of the articles impacts immediately on your plans then please call us, we will be more than happy to receive your call and help you!
The team at businessVision