At Salhan Accountants, we offer a wide range of tax planning and wealth protection advice to ensure that individuals and businesses optimise their tax position and utilise all the reliefs and allowances available.
That’s why we are pleased to have compiled a checklist of the key investment and tax planning ideas that you should be considering.
Included in this guide are ideas for investments, pensions and tax planning.
At Salhan Accountants, we realise that no two people’s circumstances are the same. As such, we tailor the services we provide to suit each individual’s needs perfectly, assessing the overall impact of tax for them, both personally and on a business level.
And with the current tax year ending on 5 April 2016, it is important to utilise all the tax reliefs and allowances available before that date in order to minimise your liabilities.
Also, completing a tax return checklist can bring rewards. An estimated 180,000 higher-rate taxpayers making pension contributions forget to claim the full tax relief, leaving over £200 million in unclaimed relief.
Remember also: From April 2016, changes will be made to the way that dividend tax operates, meaning that limited company owners who receive a dividend income could see significant tax rises. From that date, the current tax credits system will be abolished and a new £5,000 tax-free allowance will be introduced. This means that an individual can earn £5,000 in dividend income tax free but anything over that amount will then be liable for tax, regardless of other earnings.
If you would like to find out more about our services, or how we can help you minimise your tax burden, please contact us.
