Best Accountants in Longbridge

Advancing Business and Infrastructure in the UK Year-End Tax Planning: Maximising benefits for your business We find ourselves in the final two months of the tax year, a crucial period for businesses as it often coincides with the end of their financial year. This presents an opportune moment to assess and optimise your business tax planning to ensure minimal tax liabilities. Assessing profit extraction methods For many limited companies, determining the most effective profit extraction methods is paramount to tax planning. Whether it entails salaries, bonuses, dividends, or a blend of these approaches, selecting the right strategy can significantly influence tax obligations. Optimising the method and timing of profit extraction can help mitigate tax liabilities while ensuring equitable compensation for owners and key personnel.