When it comes to taxes there’s one certainty – you’ll pay more tax than you need to unless you plan. The Tax Guys’ Jonathan Amponsah CTA FCCA, reveals the steps you need to take to review your taxes.
With end of the tax year looming it is important to take steps to ensure that you don’t miss out on opportunities to reduce your tax bill.
Here are suggestions for business owners with a March year end, and higher rate tax payers:
- Claim these often-overlooked expenses
Where you’ve incurred expenses wholly and exclusively for the purpose of your trade or business and you have evidence to back this up, these should be claimed first. Then there are other areas to review that are often overlooked....