On The Spot Blogs

2021 Tax Year End Planning - Top Tips


Easter Monday is not only the end of a long bank holiday, it’s also the end of the tax year. Make sure you plan accordingly, so you can improve your nest egg before Easter 🐤 Please see our top tips below:

1. Income Tax Thresholds - £50k and £100k

These are crucially important to understand, to ensure you don’t pay more tax than you need to. Even if you benefit from a 0% tax rate on certain allowances, say the £2k dividend allowance, the £2k still counts towards these £50k and £100k thresholds.

 

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It's Tax Return Season - 5 reasons to avoid the rush

It's Tax Return Season - 5 reasons to avoid the rush

You do it every year.

You know it’s coming, like your partner’s birthday or Christmas, yet more often than not, you leave it till the last moment. Probably it’s because it’s one of those tasks which is always looming in the background and you don’t really like doing it. All those receipts, all those invoices. 

You ask yourself "Why don’t I get it done earlier and avoid the stress or rushing around when I have plenty of other important things to do?”  Here are five very good reasons to get next year's tax return in quickly:

 

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Focussed on Brexit? What About The Tax Year End Only 1 Week Later?

Focussed On Brexit?

What About The Tax Year End Only 1 Week Later?

With all the understandable concerns about the effect of Brexit on business, it’s easy to forget other things, such as the tax year ends only 1 week later.

At least we have some control as to what we might do before the tax year end!

 

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Let The Taxman Contribute To Your Christmas Party

Let The Taxman Contribute To Your Christmas Party

It's hard to believe that it's only 6 weeks until Christmas.

If you'd like to show your staff how much you appreciate their hard work, but aren't sure what it might cost you and the tax implications, read on.....

 

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