Category: Tax

With the tax year-end fast approaching, are you thinking about how to best maximise your tax efficiency? From ISAs to pensions, VCTs to EISs, there are plenty of ways to make your money work harder.

The tax burden is at its highest since 1949, increasingly weighing on higher earners. And it’s about to get worse. Come 6th April, more people will be dragged into the higher and top rates of tax, whilst those already caught will see their tax bills rise. As a result, more and more investors are turning to tax-efficient investment schemes, such as Venture Capital Trusts (VCTs), resulting in over £2bn of inflows last tax-year.

With the end of the 2022/2023 financial year on 5 April nearly upon us, the experts at Perrys Chartered Accountants have put together a checklist of tax reliefs to make the most of before it’s too late.

One of the UK’s leading tax incentive and innovation management advisers, RDI Solutions’ (RDI) industry specialists manage over £120 million of tax incentives annually for a broad range of UK-based clients, including some of the world’s biggest brands.

Love, romance and … taxes. It’s not the first thing that springs to mind when considering the perfect Valentine’s gift for your partner, but if you’re married, in a civil partnership, or even planning to get down on one knee, then there’s a range of tax reliefs available that you should be aware of.

Forthcoming tax increases, rising interest rates and the cost of living crisis mean many business owners are feeling the pressure on their profits. Here, Donna McCreadie at Perrys Chartered Accountants provides her top tips for making sure your business is running as tax efficiently as possible.