Guiding you through the Credit Crunch

With the media reporting new ‘Credit Crunch’ stories every day, it seems that we are entering troubling economic times. Sound planning is always important, but in a downturn it is more critical than ever to ensure that you are on top of your business and personal finances.

As your accountants, there are many ways in which we can help minimise your personal tax burden, and also assist your business to remain profitable and successful.

This guide introduces some strategies that you could implement before the 5 April year end to reduce your tax exposure. We have also included some tips and pointers to help your business survive the Credit Crunch! But remember, there is no substitute for one-to-one advice, so do contact us to discuss any of the issues raised in this guide.

We can help you to protect your personal wealth…

Your income and personal wealth can be significantly reduced by regular income-related taxes and more ‘periodic’ taxes, such as capital gains and inheritance tax.

We can help you to:

make the most of personal allowances
extract profit from your business
save money tax-efficiently
review your pension arrangements
reduce the inheritance tax on your estate.

…and your business’s bottom line

We can also help with your business finances and process, including:

minimising your business taxes
making the most of capital allowances
reducing company car costs
improving your financial position by accelerating expenditure into the current year, or deferring income into the next.

Tax and financial planning are essential parts of business management, and you should take action now to ensure that you are making the most of the tax-saving opportunities available to you before the year end.

We can help guide you through these difficult times. Contact us today.

Note: this guide refers to ‘spouses’; in most cases this applies also to civil partners

This newsletter is for guidance only, and professional advice should be obtained before acting on any information contained herein. Neither the publishers nor the distributors can accept any responsibility for loss occasioned to any person as a result of action taken or refrained from in consequence of the contents of this publication.