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Proactive planning as the tax year-end approaches (5 April)

Evans Accountants



As the UK tax year-end approaches (on 5 April), it’s the ideal time to review your business finances and explore tax planning opportunities - particularly if you are self-employed.


Tax planning can help you to reduce tax liabilities, boost your cash flow and put you in a stronger financial position.


Here are some areas that may be worth exploring:


Capital allowances


If your business invests in equipment, vehicles, or machinery, you may be eligible for tax relief under the Annual Investment Allowance (AIA). Reviewing purchases before the tax year-end can help make sure that you don’t miss out on a valuable deduction.


Pension contributions


By contributing to employee or director pensions before the tax deadline, you could potentially lower your taxable profit as well as promoting loyalty in your staff.


R&D activities


Research and Development (R&D) tax credits could provide a significant boost if your company has engaged in innovation. Proactive planning can save headaches down the line, and might uncover opportunities to improve your bottom line.


Please get in touch to ensure you’re taking full advantage of the options available to you.

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Unit 27B Mitton Road Business Park

Mitton Road

Whalley

Clitheroe

Lancashire

BB7 9YE

01200 428460

Evans Accountants is the trading name of David H Evans Ltd.

Company Registered in England and Wales. Registered number: 4666707
Directors: James Evans ACA & Kirsty Shipston ACA CTA

PRIVACY POLICY

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