Each new tax year brings with it changes to rules and regulations, reporting methods, and other headaches. Sometimes the “old ways” are scrapped completely! With Making Tax Digital for VAT, and changes in tax thresholds, the 2019/20 tax year is no exception.
Do you want to know how to pay less tax in 2019/20? This article by our tax expert Iain Rankin discusses tax-efficient salaries for small business owners, detailing the changes in tax thresholds that could affect your take-home pay, and showing you what you can do to increase it.
Businesses come in all shapes and sizes, and each one requires its own tax-planning strategy. Why not give us a call to discuss yours? We’re available on 0141 333 1852 (Glasgow), 0131 605 1852 (Edinburgh) or via email email@example.com. You can also book a free consultation at one of our offices here.