Tax Tips
We believe in acting pro actively when it comes to tax planning because we know it will save you our client money. We have developed a series of tax tips which are designed to highlight the most up to date things you can do to minimise your tax bill.
Landlords
If you spend money insulating your rental properties you can claim a whopping £1500 per annum against your taxable profits up to 2015.
Employees
If your employer pays you a mileage allowance for business trips that is lower than Inland Revenue accepted scale rates, 40p for the first 10000 miles and 25p for subsequent miles, you should claim the difference against you tax bill every year.
Self Employed
Make sure you claim for use of your home as an office against your business profits
Company Directors
Review your salary/dividends ratio to ensure your company pays you in the most tax efficeint way but in a way that does not undermine your state pension entitlement and that will be acceptable to Inland Revenue.