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Guides - Published 14th January 2016

Enhance your business and partners’ personal tax planning for January 2016.

Some New Year business resolutions or perhaps just simply a reminder checklist of best practice previously promoted to help you manage your firm’s cashflow, remembering that cash is always king!

In this update, you’ll find a checklist commentary on the following items:

  • Tax payments
  • Improve your credit control
  • Work in progress (WIP)
  • Sectors
  • Exposure limits
  • Communicate with your clients
  • Monitor your expenditure
  • Partners’ drawings
  • Capital allowances – do not waste or miss them
  • Dividend planning
  • Capital contributions
  • Likely income levels
  • Pension payments
  • Gift aid
  • ISA’s
  • Capital gains tax annual exemption
  • Inheritance tax annual exemptions.

Download the Menzies checklist here.

For further information, please contact your regular Menzies LLP Relationship Partner.

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Peter Noyce - FCA

Partner

Peter Noyce is a Menzies Partner in the Woking office specialising in legal firms, corporate tax advisory services and financial solutions.