Hannes Snellman’s Post

Oliver Walker and I discuss the current state of the enterprise investment scheme (EIS), recent trends and case law, and the incentives offered to potential investors in the latest edition of PLC Magazine. https://lnkd.in/egnnzzpe

Learn how the professionals take their tax profits efficiently, and how you can too: https://lnkd.in/dRFmPc2

A few weeks back, I collaborated with Sonu Varghese, the head of Macro Investments at Carson Wealth, for an insightful webinar. We explored a novel tax reduction strategy designed for business owners during business sales, aiming to notably decrease tax liabilities. This innovative approach provides a beneficial solution for tax planning. Watch the webinar recording here: https://lnkd.in/gBuTzatd #TaxReduction #BusinessOwners #FinanceAdvice

Are you taking advantage of tax loss harvesting this year? Tax loss harvesting is a strategy that involves selling your investments that have an unrealized loss and using the proceeds to buy a similar investment. If done properly, your overall investment allocation will remain relatively unaffected. You can then use this "harvested" loss to offset other capital gains, or ordinary income up to 3k per year if you don't have any capital gains. Having a loss-harvesting strategy can be a powerful tax savings tool when implemented correctly.

If you've invested in a building, you want to get the most out of that investment. Our cost segregation services can help you do just that by identifying assets that can be depreciated over a shorter period of time, resulting in lower taxable income.

Labour and Capital Gains Tax (CGT)   Labour haven’t put forward their thoughts on CGT yet which makes me think we could be in for a change. Of course, the change is going to be an increase in tax (rather than a decrease!) So, I would like to remind everyone they have a £3,000 annual exemption for this tax year which should be used, if possible. If you don’t use it you lose it because it cannot be carried forward. There are a few other planning opportunities that could be considered, so perhaps it's time to take advice.   https://lnkd.in/guJty-gs #financialeducation #allowances #cgt #futureplanning 

What is EIS and how can you benefit from it? 📈 The Enterprise Investment Scheme – or EIS – is a special tax incentive scheme designed to help a lot of growth businesses attract investment. Read our guide for more 👉https://okt.to/YMjIPb

With the end of the tax year fast approaching, GBI Magazine’s Jenny Hunter BA (Hons) APFS provides a helpful reminder of what tax-efficient investment solutions are out there for suitable clients. #TaxEfficientInvestment #TaxEfficiency Read Jenny's full piece below:

You should not use tax as a driver for an investment strategy. Instead you should first choose a desirable investment. Second consider tax. Similarly, tax does not work as a post-hoc explanation for bad investments.

Understanding the Annual Investment Allowance The Annual Investment Allowance allows you to claim 100% of the cost of qualifying plant and machinery in the year you purchase it. This is a fantastic way to reinvest in your business while saving on taxes. Be proactive and assess your investment needs this year! #TaxRelief #BusinessInvestments