The run-up to the tax year end on 5 April 2015 is the perfect time to consider tax planning opportunities and to put in place strategies to minimise tax throughout 2015/16.
With some prior preparation, you could arrange your financial affairs to minimise the impact of tax on you, your family and your business.
Here are some simple ideas:
Most good tax planning is simple, legal and easy to achieve but it should always be tailored to fit your individual circumstances. Whether you are an umbrella or limited company contractor there will usually be something which you can do to mitigate your tax liabilities.
If you would like PayStream's Tax Team to take a closer look at your tax and financial position and suggest what you can do to maximise your income and reduce your tax liabilities please call 0161 929 6000 and ask for the Tax Advisory service. We work in collaboration with PayStream's Financial Services partner, Haven Global Strategies, to provide the best solution for you.