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Do’s and don’ts of timing payments and receipts for tax purposes.
By timing payments or receipts carefully around the year end, companies can save money. Mitchams Chartered Accountants can advise companies in the Somerset area…
The timing of certain payments and receipts of income is crucial for tax purposes. By moving a date of payment or receipt by just a few days either side of the company’s year end, you can reduce the tax bill and defer payment until the next tax year.
If you are a company in the Somerset area and would like help with timing payments and receipts to reduce the tax bill and save money, contact Mitchams Chartered Accountants.