Here are a few ideas to help save you some tax.
You can invest up to £3,600 during the current tax year.
All interest earned within an ISA is tax free. So it makes sense if you have any cash that you wish to save for the longer term to hold it in an ISA.
If you are over 50 years old you are able from 6th October 2009 to invest another £1,200.
Are you considering the purchase of new tools, equipment or other fixed assets?
If you are it makes sense to make the purchase before the end of your financial year not just after. You will receive the tax allowances a year earlier.
Launched in January 2009 by the Government as a way to assist small business.
It allows UK businesses to apply for finance that may not have been previously available.
A sound business plan is required.
Loans are available from £1,000 up to £1 million.
Contact your bank manager for more details.
Significant changes to the VAT rules begin in January 2010. If you trade with other businesses in the European Union you need to be aware of the changes.
Please email us for more details.