Still Time To Save
If you are trading as a sole trader or a Limited Company with a year end of 31 March or 5 April have you considered what you might be able to do to save some tax before your year end?
If you need to renew any of your capital equipment for your business, just before the year end can be a great time to do it as you may receive full tax relief for the expenditure event though you have only incurred it days before the year end.
Have you considered other tax saving measures – perhaps a contribution into your pension scheme?
What about your tax free savings allowances – have you made the most of your annual ISA allowances if you have cash to invest?
Take a bit of time before the end of the tax year to review your circumstances and see if there is anything you can do to reduce your tax bills and make your money work harder for you.