Ian Friend
- Position: Partner OCA
- Phone: +44 (0) 1753 551111
- Fax: +44 (0) 1753 550544
- Email: Ian.Friend@ouryclark.com
With pressure on profits and cash flow, are you getting the right advice to minimise your tax liabilities? Are your advisors proactive or do they simply complete your tax forms?
Whilst corporation tax rates are unchanged for the time being, other taxes are set to increase. There may be action you can take now to reduce your overall tax burden.
Here are just a few things to consider:
With the top rate of income tax increasing to 50% (and to 60% in some instances) with effect from 6th April 2010, have you considered accelerating bonuses or dividend payments.
If you have been reporting losses are you sure you have maximised all possible repayments of tax. Trading losses can generally be carried back and set against the profits of [...]
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