Year End Checklist

• Make the most of my 2010/11 ISA allowance  
• Make sure I avoid overvaluing stock and work in progress
• Talk to my accountant about ways to extract profits from my business at the smallest tax cost
• Find out how the timing of dividends and bonuses could reduce or defer tax
• Review my pension arrangements
• Consider ways of improving cash collection
• Claim capital allowances for expenditure on business equipment
• Find out the impact of accelerating disposals into the current financial year or deferring them into the next
• Plan to minimise the tax take, including VAT and capital gains tax
• Review my estate plan
• Put in place a tax-efficient gifting strategy
• Make sure I am offering tax-efficient staff remuneration packages
• Send my business and personal records to my accountant in good time
• Contact my accountant regarding these and any other issues relating to my business, tax and personal financial situation.

We are here to help 

Make good use of us! This guide is merely a starting-point, designed to help you identify areas that might have a significant impact on your tax planning. 

Please keep us informed of your plans and consult us early for help in taking advantage of tax-saving opportunities and tax-efficient investments. We are always pleased to discuss matters with you and advise in any way we can. 

This newsletter is for guidance only, and professional advice should be obtained before acting on any information contained herein. Neither the publishers nor the distributors can accept any responsibility for loss occasioned to any person as a result of action taken or refrained from in consequence of the contents of this publication.