2022 Year End Tax Planning Guide

It is always vital to review your financial goals ahead of the end of the tax year.

As your accountants, we can work with you to make sure your business and personal finances are in the strongest possible position for whatever the future may hold.

There are many ways we can help you identify suitable tax planning measures to help mitigate personal tax liabilities, increase your business’s profitability and maximise your personal wealth.

It could be time to:

• Maximise your pension contributions to make full use of tax relief
• Get a detailed pension forecast – to see the effect changes will have
• Make full use of your ISA entitlements
• Look at your investment portfolio and (if practicable) ensure you take advantage of the full £12,300 CGT allowance before 5 April 2022
• For Shareholder/directors, consider the timing of bonuses and dividends to mitigate the planned 1.25% rate increase
• Look at Salary sacrifice arrangements which can be particularly effective in mitigating income tax and national insurance contributions

Download our guide now which includes a useful year end checklist.

Download the Guide