With the end of the tax year fast approaching, businesses and individuals are being urged to review their finances as a raft of tax changes come into effect. From shifts in business taxation to new rules affecting families and property owners, staying informed is key to minimising liabilities and making the most of available reliefs.
Key areas under review this year include changes to business tax rates, adjustments to National Insurance contributions, and updates to profit extraction strategies for company directors. Property owners, particularly those in the holiday rental market, should also be aware of upcoming reforms that could impact their tax position.
For families, tax planning remains crucial, with changes expected in inheritance tax and pension rules, potentially altering the way wealth is passed on to future generations.
With so many developments on the horizon, now is the time to take stock and ensure you’re prepared. JF Hornby & Co’s latest Year-End Tax Planning Guide provides a clear breakdown of what’s changing and how to navigate the new landscape.
To stay ahead, businesses and individuals are encouraged to seek professional advice and plan early.
Contact the team at JF Hornby by calling 01229 588 077 or emailing jfh@jfhornby.com
To access the guide, click the link below.
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