Enterprising endeavours: End of year tax considerations for business owners

It is the most important deadline in your financial calendar. The end of the tax year creates the ultimate impetus to ensure your finances are in good shape and benefit from any allowances available to you. After all, many such allowances simply disappear if you don’t use them in time.

This year, 5 April comes with an added layer of complexity. It is the date on which many of the changes announced in last year’s UK Autumn Budget are introduced, while some came into effect straight away. 

Managing national insurance and inheritance tax changes

For business owners, higher costs, inheritance tax changes and plans that will impact business sales should all be considered. And that’s alongside the usual review of any ISA or pension allowances to help ensure you’re getting the most from your money outside your business interests.

We spoke to Greg Kyle-Langley, our Head of Specialists, and Head of Entrepreneurs Franklin Asante about the biggest changes for business owners and how to manage them. Find out what they said in the short video below.

Our experts stand ready to support you through your end of tax year planning. They’re here to help you ensure you have the most appropriate strategy in place to achieve your goals for your business, your family and your future. Please contact your private banker to get started.

Eligibility criteria apply for our services. Fees and charges may apply.

We're here to help, but please be aware we cannot offer tax advice. We recommend you contact an independent tax advisor to discuss your personal tax situation. Tax reliefs applied under current legislation may change. The availability and value of any tax reliefs will depend on your individual circumstances