Susanne Mariga’s Post

This is the time of year we all think about income taxes. Will we owe or will we get a refund? What can I do to minimize my taxes? Of course there is very little you can do at this point to change your 2023 taxes. Tax planning is done proactively over many years so you pay your fair share and nothing more. Read this week's blog at the link below! https://lnkd.in/eamQjU2k #invest #finance #financialeducation #investing #income #investments #investment #financialliteracy #financialplanning #financialfreedom #personalfinance #financialgoals #financialindependence #financialadvisor

It’s the 1st of May. Pinch, punch and all that 😊 My hint and tip for today about your accounts is to set aside funds for taxes. If you are self-employed or a director of a limited company, taxes aren’t automatically withheld from income, so it's crucial to set aside a portion of your earnings to cover your tax liabilities. This helps prevent any surprises come tax time. Often with bank accounts nowadays you can set up a separate pot to enable you to do this or consider a savings account.

Do you know how a potential change in Capital Gains Tax could affect your clients? 🤔 New chancellor, Rachel Reeves, has hinted that there might be changes in how Capital Gains Tax works in the future. 🪙 We can help your clients mitigate Capital Gains Tax now and in the future. Speak to us or read our blog, linked below, to find out more. 👇 https://lnkd.in/dvyNAiZz

You’ve probably heard this before…If you double a penny everyday for 30 days you end up with a crazy big amount of money ($5M+). But you probably haven’t heard this part… If you doubled a penny every day for 30 days you’d end up with $5.36M. But, in the real world, every time you make money you pay taxes. If you add in a 28% tax on the gains during this process, at the end of 30 days you’d make… $67,000 A $5.3M difference just from paying your taxes on gains. Moral of the story? You can’t afford not to learn how your investments are taxed.

Taking a proactive approach with your taxes can help you maximize deductions, optimize your investments and succeed in the year ahead. Here are a few tax-related ideas to consider before 2024 comes to a close.

Do you know how a potential change in Capital Gains Tax could affect your clients? 🤔 New chancellor, Rachel Reeves, has hinted that there might be changes in how Capital Gains Tax works in the future. 🪙 We can help your clients mitigate Capital Gains Tax now and in the future. Speak to us or read our blog, linked below, to find out more. 👇 https://lnkd.in/eEmGTcgs

With the 2017 tax cuts about to expire next year, many people are trying to get money into Roth accounts before the increase in income-tax rates. Here are some ways to get around the typical roadblocks and earn you more savings:

I talk to a lot of people who have made financial decisions to "stay out of the next tax bracket." Just a note to the universe: I WILL HAPPILY PAY TAXES AT THE HIGHEST TAX BRACKET (after exhausting all tax advantages that are available and make sense for me, of course).

Before selling your home, think about the tax implications. 🏡 Proper planning could help you avoid a hefty tax bill. https://lnkd.in/efMbFgxV Reach out to our tax advisors to ensure you’re making the best financial decisions. #RealEstate #TaxSavings #TaxPlanning

Understanding 'Capital Gains Tax' is crucial. It's a tax on the profit when you sell something that's increased in value. It’s the gain you're taxed on, not the amount of money you receive.💷 Need help with taxes? Schedule a meeting on our website. #TaxSavings 👉🏻 swannaccounting.co.uk