Personal tax planning

It’s about you

For many of us, taking care of ourselves and our family means providing as high a standard of living as possible with the income we have. Ideally, we’ll be able to cover all our bills and have enough to use as an occasional treat – after putting some aside as savings. But the main obstacle that gets in the way is our tax obligation.

With careful personal tax planning, you can take more of your pay and other income home, to minimise that obstacle for you and your family. Tax planning can be as simple as checking you’re on the right tax code if you’re employed and taking home your pay as dividends if you’re a company director. Other times, it’s about identifying tax credits and reliefs that you can qualify for and working to meet those requirements.

It goes without saying, that your personal tax plan should be all about you. That’s why if we were to work as your accountant, we will make strides to learn more about you and your finances. That way, we can devise a strategy that works for you. Perhaps, you own an impressive property portfolio, for instance, that you’re thinking of trimming. In that case, you’ll want to know about capital gains tax so you only pay the tax on your profit that you absolutely need to.

We can only really begin your personal tax journey if we know more about you, so don’t hesitate to reach out to us for a chat.

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