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.
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