CHECKLIST: LAST MINUTE TAX SAVING IDEAS FOR END OF TAX YEAR

Wondering what you can do to save some last minute tax? Well watch on! Topics include: ✅Make use of your personal tax-free allowance ✅ Make any gift aid donations ✅ Consider if marriage allowance is appropriate and usable ✅ Consider using your Capital Gains annual allowance ✅ Consider bringing forward any investment in new equipment or other items you may need in the coming months ✅ If you are a sole trader using the ‘cash basis’ tax calculation, consider bringing forward expenditure you were already going to be doing in the coming months ✅ Consider if you need to make any pension contributions ✅ For limited company owners, review if you’ve used your trivial benefits ‘allowance’ ✅ For limited company owners, review your director’s payroll ✅ For limited company owners, ensure you’ve used your £500 dividend allowance ✅ Consider ISA allowances and other tax-reliving investments ✅ Consider gifting excess money… ✅ Think about Child Benefit claims ✅ Gather and update your records! … and more! If you have any questions or thoughts on this, please comment below. Subscribe to our Podcast on Spotify and Apple: “The HeelanHub Podcast” - a show for small business owners. You can also watch on our other YouTube channel    / @heelanhub   Join our mailing list for tax tips at: www.heelanassociates.co.uk You can see more about what we get up to as an Accountancy Business on the following: LinkedIn (Dan):   / danheelan   Instagram (Dan):   / danheelan   Twitter (Dan):   / danheelan   TikTok (Dan):   / dan.heelan   Instagram (Company):   / teamheelan   Facebook (Company):   / heelanassociates   Twitter (Company):   / heelanassocs   Web: https://www.heelanassociates.co.uk Call: 02392 240040 Email: info@heelanassociates.co.uk Download spreadsheet mentioned here: ** Sign up to Xero Accounting Software with a great discount here: ** www.heelanassociates.co.uk/xero 00:00 Intro 01:04 Personal allowances 02:40 Gift Aid 03:11 Marriage allowance 04:08 Capital Gains allowances 05:23 Bringing forward expenditure 07:26 Pensions 09:37 Directors' salaries 11:59 ISAs 13:29 Gifting money 13:58 Child benefit 15:15 Ultimate tax saving #accounting #smallbusinessuk #tax Note: As always, these videos are educational and should not be considered financial advice. Seek professional advice on your specific situation. Various links here may contain businesses in which we are a partner and therefore we receive a small commission if you buy via those links.