UHY Ross Brooke Chartered Accountants

Act now to reduce your 23/24 tax liability

tax planning accountant

The new tax year starts 6 April 2024, so you have six months to consider your planning options. Once we pass this date the majority of the tax planning options for Income Tax and Capital Gains Tax purposes will cease unless actioned.

Do you fall into any of these categories?

  • You have or are thinking about a change in your personal status (single, married, separating, joining or dissolving a civil partnership).
  • You are thinking about selling a capital asset, such as shares or a property.
  • You or your child’s other parent claims Child Benefit and the income of either parent is likely to exceed £50,000 for the first time during tax year 2023-24.
  • Your annual income is approaching or above £100,000.
  • You have not yet topped up your pension contributions for tax year 2023-24.
  • You are self-employed with a 31 March 2024 year-end.
  • You are thinking about the purchase of equipment or vehicles.
  • You are the director and/or shareholder of a limited company and have not yet considered voting dividends or bonuses for 2023-24.

If you do, we can help you discuss your options ahead of the April 2024 deadline.

The above list is not comprehensive, and we specialise in helping clients with all taxes including PAYE, NIC, VAT, Corporation, Capital Gains, Income and Inheritance tax.

Please contact us now!

Share This Post

Related insights

Talk to us

Newbury: 01635 555666
Abingdon: 01235 251252
Swindon: 01793 610008
Hungerford: 01488 682546