As we all breathe a sigh of relief after our 2021-22 tax returns have been submitted, it is worth looking ahead to see how you can save tax. Partner, Alec James gives ten tips to boost your finances before the end of the tax year.
With the tax year shortly drawing to a close, whether you have self-employed income or trade via a limited company, now is a good time to review your position for both the current tax year and the tax year ahead.
The combined impact of lowering the threshold of 45% additional rate for the personal income tax rate and increased corporation tax rates from April 2023 means that careful planning should be done now to help mitigate the impact of this. More...