Taxes Made easy 2021/22
Posted on 30th June 2021 at 13:40
In these difficult economic times, it is important to ensure that you are not paying more tax than you need to.
We are enclosing a copy of our tax planning guide for 2021/22 which is your personal reminder of key tax planning points. This guide suggests many ways in which you can save money on your tax bill by taking full advantage of the tax system. It highlights tax planning opportunities as well as some of the pitfalls you should avoid. For example:
Have you reviewed your savings to take account of the Savings Allowance and the Dividend Allowance?
Have you taken account of the changes to the taxation of company cars that promote greener motoring
Are you aware of the reporting and payment requirements for capital gains tax on residential property sales?
Are you making the most of tax efficient investments?
Are you aware of the devolved income tax rates if you are living in Wales or Scotland?
These and many other points are considered in our useful guide. We hope you will dip into it from time to time as we are sure that you will find our action points, tips and suggestions helpful.
Should you require any further information, have any questions or need detailed advice we are only a phone call or email away. Remember, we are here to help.
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