Year End Tax Planning – Time to Take Stock

This is the time of year we recommend you to take stock of tax and finance for you, your family and your business. If you can answer yes to any of the questions below we may be able to suggest ways to structure your affairs more efficiently and make the most of your tax position.

By Debbie Franklin, Director of Tax and property tax specialist

This is the time of year we recommend you to take stock of tax and finance for you, your family and your business. If you can answer yes to any of the questions below we may be able to suggest ways to structure your affairs more efficiently and make the most of your tax position.

  • Do you have a Director's Loan Account with your company and your non savings income (so not interest and dividends) is below £17,500?
  • Are you interested in making a pension contribution to reduce your exposure to higher rate tax?
  • Are you in danger of tipping over the £100,000 total income cap and starting to lose your personal allowance?
  • Is your company profitable such that you could extract a £2000 tax free dividend?
  • Do you want to maximise tax efficient dividends and your company has profit to do so?
  • Are you considering equipment purchases for your company?

If you would like a review of your tax position before 5 April please contact us without delay. We're here to help.

Peplows Property

FREE INITIAL REVIEW

Contact us for a free initial review.

learn more

© 2021 Peplows Property. All rights reserved.

We use cookies on this website, you can find more information about cookies here.

Peplows Property Tax Experts is part of Peplows Chartered Accountants and is a trading name of Peplows Limited, Registered In England Company Number: 3133714 - Registered Office: Moorgate House, King Street, Newton Abbot TQ12 2LG
A list of Directors is available at the Registered Office
Peplows Limited is registered to carry on audit work in the UK by the Institute of Chartered Accountants in England and Wales
Details about our audit registration can be viewed at www.auditregister.org.uk, under reference number C003872129