Services:
Personal Tax Planning,
Corporate Tax Planning
The truth is that anything to do with tax is better – and often more tax efficient – with proper preparation and planning. So once last year’s tax bills have been paid, now is the time to prepare for the tax year end in April to make sure that you are getting all the tax relief you can when next year’s bill arrives.
At Haines Watts, our team works with you to make sure we consider your business and personal tax affairs as a whole so that you are able to plan with clarity and certainty.
What to do before year end?
The current tax year officially ends on the 5th April 2025 with the 6th April 2025 being the first date in the 2025/26 tax year. Before the tax year end it's important to review all the key areas below to ensure you minimise your tax liability and benefit from tax relief where appropriate.
Speak to your accountant early to ensure you pay less tax.
Read our blog on how to get the best from your pre-year end meeting with your accountant.
Get your guide
In our Year-End Tax Planning Guide, we provide key pointers to consider as you review your affairs ahead of the tax year-end. We encourage you to take some time to reflect on your needs now and in the future so that you can plan ahead and ensure the right long-term structures are in place.
Click the image below to get your free copy.
Other areas of tax to consider
For many business owners, personal wealth is inextricably linked to your business. For business owners, corporate tax considerations, should also form part of your tax planning strategy. This includes areas such as Corporation Tax, tax reliefs including Research & Development Tax, Family Investment Companies and Capital Allowances.
For more information, insights on making the most of pension contributions and tax efficient savings and investments, and tax reliefs, on these other areas, you find it in our 2024/25 tax planning guide.
We’ve got your back
Personal tax can be complicated, with increased legislation and changing circumstances such as marriage, divorce, school fees planning, retirement, and long-term care. You should always take advice from appropriate professionals before making any changes to your wealth or tax profile.
So how you structure your personal affairs has a big impact on the tax you end up paying. We’ll work with you to come up with an individual tax planning strategy that makes sure you pay the least amount of tax.
We can help to optimise tax reliefs and exemptions in a way that is tailored to your individual circumstances, ensuring you don’t pay too much tax.
