Our 2018-19 Tax and Financial Planning Guide is now available!

Tax Planning

The UK tax system is constantly changing, so what saves money in one year could attract higher tax rates in a later period. There are opportunities to save money, but you need to keep your financial position under regular review. The best way to minimise the tax you pay is to be fully aware of the choices you can make before you make them, so planning ahead and taking advice is essential.

Our annual Tax & Financial Planning Guide is a handy reference that will help you to develop an understanding of the opportunities that exist around tax planning, and how to go about taking advantage of them, both for you and your business.

Key topics include:

When to plan

It’s a good idea to have a regular review of your tax affairs – at least once a year. This could be:

  • when you are gathering the information to file your tax return
  • two or three months before the end of the tax year (5 April)
  • in the last quarter of your accounting period, if you run a business

Give yourself enough time to do something before the crucial date. If you leave planning to the last minute, you may not have enough time to put the plan into action.

We hope you find the guide useful to helping you to plan for the year ahead. Our tax team are experts in offering practical advice to help clients become as tax efficient as possible. And our colleagues at MHA Carpenter Box Wealth Management are always on hand to help manage investments and pensions for businesses and individuals, offering an integrated and seamless service.

Read our 2018-19 Tax & Financial Planning Guide