June is a very exciting month for the Team at Walsh Accountants. We get the opportunity to work with our clients looking into their financial position and plan for the year ahead to ensure tax efficiency.
We love being able to take advantage of strategies designed to reduce tax liability and maximise the amount of cash available to reinvest into the business.
Whilst there are a lot of tax planning strategies business owners can take advantage of; did you also know there are a lot of strategies available to individuals not in business? If this is you, you may be interested in this paper our resident Tax Specialist Ian McGinniss has written on the subject
Tax Planning - High Income Individuals not in Business
Ian says "the starting place is to gain an understanding into the options available, the tax value of those options, the advantages and disadvantages of each, and the applicability of each to your scenario now and in the future".
This is not an exhaustive guide on every tax deduction or item, but a summary of the major or most common deductions and the major issues for you to consider as part of your overall tax planning.
If you know anyone that may be interested in reading this paper – please do not hesitate to forward onto them.
The material and contents provided in this publication are informative in nature only. It is not intended to be advice and you should not act specifically on the basis of this information alone. If expert assistance is required, professional advice should be obtained. We are here to help, contact us today:
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