Want to minimise the amount of tax you pay?

Consider if your business structure is the most appropriate for you – as you get larger it may be more efficient to trade through a limited company rather than as a sole trader.

Invest in equipment – the cost of the first £25k per year of equipment (excluding cars) is deductible in full as an expense against your profits.

If you are a higher rate taxpayer, make pension contributions and gift aid donations – you will get 25% back from the government as a reduction in your tax liability.

If you have any queries on this or need some advice that is specific to your circumstances we have experts here to help you!  Do not hesitate to call us on 0116 2423400 or email info@torrwaterfield.co.uk

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