Through boom and bust, BK has continued to help keep us profitable and they are a great source of positive encouragement. Nothing is too much trouble. I would recommend BK without hesitation to anyone in business or thinking of starting a business – BK is a firm of accountants who are professional, knowledgeable, experienced and who will go the extra mile.
When approaching the financial year-end, it is often very beneficial to complete a pre year-end tax review. Steps that could or should be taken before year end need to be considered to take advantage of any potential opportunities to reduce tax liabilities for the current year.
While it’s not possible to complete a fully accurate set of financial statements for the year before year end, a quick review by your accountant at this stage should provide you with a good indication of expected profits. Any potential taxable income can then also be estimated.
Armed with this information and depending on the particular circumstances of the company or the individual, your tax adviser can outline potential tax saving options available.
Complete a Tax Review
Taking 30 minutes out to complete a review and consider all options can be very worthwhile.
Click on the links below for a list of just some of the options available.
Timing is Key
Remember, timing is key to making these tax savings, as all need to be acted on prior to the financial year-end.
Contact your Buckley Kiely manager or James Kiely Tax Director to arrange for a consultation.
Note: This content is for general information purposes only and should not be used as a substitute for consultation with professional advisers.