Reducing your Company Tax

Skate Hut.   A perfect balance between work and play. Imagine going on holiday with this bad boy! Then just calmly talking it on the plane as hand luggage. A dream and would definitely reduce those walking times. Yet you may want to consider drinking a few less ales from the Red Lion, or whatever old school named pub you’re drinking from. You may also want to consider reducing your car tax by negotiating a different car. It’s amazing what a drop down from a BMW to a Ford Focus will do for you. It feels like a pay rise.  Whatever way you choose to reduce your tax bill make sure you’re tracking everything. I have spreadsheets of mileage amounts, invoices and expenditure charts including everything I spend when on the road. This will help you to see what you have coming in and going out so you can make accurate tax returns for the year.  If this is the first time you’ve had to look at your own tax, make time for it and keep things up to date. It’s too easy to let it fall to the wayside and ending up having lots to catch up on. This is usually how mistakes are made! If you are starting fresh here;s a little info graphic to help you out. I ran a business with 300 employees nationally and this was always a dreaded word and thankfully we never had issues. So don’t be afraid to step up to the plate and reduce your tax where you legally can. If you need help, speak to the professionals. Infographic design by Gilbert Tax Consultants]]>