Time for Review
Now that we are in 2009 it is time for businesses to review the year ahead and decide on a strategy to move forward. It may be that your systems need updating or that financial control needs tightening. Whatever your needs we are here to assist with practical help like cash flow forecasts for smaller businesses or complex planning for larger ones.
On the personal front, now that the 31st January filing deadline has passed (we have a 100% success rate) it is time to take stock of your affairs. Speak to us about your plans and desires, the adequacy of your Will or other provisions, and what can de done to protect your assets in the current difficult climate.
It is also time to review your affairs before the tax year ends on 5th April and closes many windows of opportunity. In particular can you benefit from any of these?:
- Investment in an ISA either up to £3,600 in cash only or up to £7,200 if at least the excess is in stocks and shares.
- Maximising your pension contributions for the year, particularly advantageous if your employer is making the contribution.
- Discussing the possibility of maximising low tax income or gains.
- Investing in 'high risk' Venture Capital Trusts (VCT) or Enterprise Investment Schemes (EIS).
- Maximising your business's capital allowance claims by careful timing of the acquisition of assets.
- Using up your annual CGT and IHT exemption allowances.
So, if you need any help or advice, or just someone to bounce ideas off, please contact us.
