We are becoming a nation of successful small business entrepreneurs. If you’re one of them, make sure you receive the best advice about improving your tax position. To do so, requires you to keep tabs on your financial position and profitability throughout the year. You must be thinking at least 18 months in advance for basic income tax planning, and several years for capital gains tax.
Don’t lose out personally, just because you didn’t know you could make certain elections that might delay the date at which tax may fall due, or even reduce the amount payable. It’s often too late if you approach a tax adviser after the event.
For advice on business tax call us on 0113 244 9811 or email us via the contacts page.