Tax Calculations can result in you getting a tax refund
Tax savings can be made across a range of personal and business areas. Simple things like checking you are on the right Tax Code can help ensure you are not paying too much tax. We can help you understand how to pay the correct amount. For example you may end up paying capital gains tax on assets that are worth under the tax-free threshold. In this case you will not have maximised your allowances and may be eligible for a tax refund.
There are many other areas which fall under the heading of tax savings including the ‘Annual Investment Allowance’, ‘Tax Deductible Expenses’ and the ‘Landlord’s Energy Savings Allowance’. You may simply not be aware of some of these allowances and the tax relief that you may be able to claim.
You can also save on investments and savings themselves by transferring assets between family members and older people can make substantial tax savings with allowances such as the ‘Age-related Allowance’. Gift Aid, tax relief of gifts and issues to do with inheritance tax all further add to the vast area of tax savings.
Further to this there are tax savings available for employees and employers to do with, for example, company cars (an employee may be able to take a cash sum as payment instead which may end up with greater tax-efficiency), going green and pensions.
Talk to one of our friendly experts at Steedman & Company to set up a free initial consultation to discuss what aspects of tax savings affect you.
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Discuss your tax with our expert tax teams to plan your tax, complete and file tax returns and put yourself in the best position if you are investigated.
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It’s been a very difficult time. My head has been all over the place. Still got so much to sort out but having tax returns off my mind meant I could sleep monday night.”
Steedman and Company are a family run business who have been looking after my mothers, fathers, brothers and now my accounts for decades!”
Robbie PhillipsElite Professional Climber
Just moved to Steedman and Company for all of my tax affairs. First class service and great advice. A great big thank you to the entire Steedman staff.”
Malcolm KinnearDigital Installer