With the tax year-end fast approaching, it is time to turn your mind to whether there are any measures you can take prior to the beginning of April, which may improve your tax position.
PKF Francis Clark has produced a corporate tax year-end planning guide which runs through some simple housekeeping actions to get the company’s affairs in shape for the coming year.
Tax advice isn’t just for multinationals – some very simple and basic rearrangements of the company’s affairs can result in savings. We are not speaking here about the type of complex ‘schemes’ that HMRC is likely to challenge, but simple uncontentious measures such as utilising capital allowances and research & development reliefs, and planning the timing of acquisitions, to ensure that you minimise any tax payable. Making pension contributions can also legitimately reduce tax, whilst incentivising staff. PKF Francis Clark specialises in advising its corporate clients on simple measures to ensure they pay the correct amount of tax.
Please speak to your usual PKF Francis Clark adviser if you would like more information on any of the topics covered.