Year End Checklist

• Consider ways of improving cash collection
• Plan to minimise the tax take, including VAT and capital gains tax
• Talk to my accountant about ways to extract profits from my business at the smallest tax cost
• Claim capital allowances for expenditure on business equipment
• Put in place a tax-efficient gifting strategy
• Find out how the timing of dividends and bonuses could reduce or defer tax
• Make the most of my 2008/09 ISA allowance
• Find out the impact of accelerating disposals into the current financial year or deferring them into the next
• Review my pension arrangements
• Make sure I am offering tax-efficient staff remuneration packages
• Review my estate plan
• Make sure I avoid overvaluing stock and work in progress
• Make sure I send my business and personal records to my accountant in good time
• Talk to my accountant about these and any other issues relating to my business, tax and personal financial situation

We are here to help.

Make good use of us! This guide is merely a starting-point, designed to help you identify areas that might have a significant impact on your tax planning.

Please keep us informed of your plans and consult us early for help in taking advantage of tax-saving opportunities and tax-efficient investments. We are always pleased to discuss matters with you and advise in any way we can.