How can you save tax?

There were many changes for business owners in the recent budget and mostly they are not good news. Increased taxation on dividends, greater restrictions to higher rate pension contribution relief and less tax relief for property owners to mention just a few. On the positive side, corporation tax will be falling by 1% in 2017 and the annual investment allowance is set at £200k per annum from 2016.

What does it mean for you and your business?

There are opportunities that you can take now and up to the 5th April 2016 to save tax, we will be talking to you at your pre year tax planning meeting and also contacting clients with more complex affairs to meet sooner. If you have any questions about the budget changes and what it means to you then please do get in touch. We’ve just talked to 2 directors who can save £17k each in tax by taking action this tax year not next!