Are you benefiting from all your available tax reliefs?

13 August

Making sure you benefit from all the tax reliefs you are entitled to may seem obvious, but many people miss out on money saving reliefs, simply because they don’t know they exist, or they’re not sure how to benefit.  Irrespective of whether you are an individual taxpayer or you run a business, keeping up to date with the allowances to which you or your business may be entitled can be complicated.

To help you to make sure you benefit from your allowances HMRC publish up to date information about what you can claim.  However, if you’re not someone who researches such things, it is highly likely that you are missing out on either personal or business allowances to which you are entitled.  We can help.  We will make sure that you know:

  1. Which basic reliefs can be applied to your current situation.
  2. Whether there are any special or one-off reliefs you may be entitled to.
  3. If there are tax reliefs that have been missed in previous years or accounting periods which can be claimed in your current return.
  4. How and when to claim.

By working with our team you can be confident that if there are reliefs available that apply to your unique situation, you will benefit from them.  Particularly during tough economic times, the difference between profit and loss for an SME can be as simple as making sure an allowance has been claimed.  No matter whether you are a high earner, a high net worth individual or a business owner, it is essential that you have the right support to make sure you do not miss out on valuable allowances.

We make it our business to know our clients’ personal or business affairs inside out from a financial perspective and are constantly on the lookout for legitimate ways to minimise their tax liabilities.  We do this efficiently, cost effectively and conscientiously for all our clients and we can do the same for you.