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TAXES MADE EASY
Clear and concise tax guide 2022/23
The coronavirus pandemic, war in Ukraine and inflationary pressures have undoubtedly taken their toll on the UK economy, creating unprecedented challenges for businesses and individuals. As a result, it is more important than ever to plan ahead and make sure you are using the reliefs available to you.
This guide is designed to help you to make the most of your business and your personal finances by highlighting the main tax allowances and incentives and suggesting actions you might wish to incorporate into your own financial planning.
Every individual and business situation is different and your needs will vary according to your own specific circumstances. We recommend that you use this guide as a starting point, and contact us for expert, tailored advice on any areas which apply
to you.
As your advisers, we can help you to clarify your wider objectives, and suggest a range of strategies to help you achieve your personal and business goals.
How to benefit from our services:
Please read those chapters which are relevant to you as soon as possible.
• Take note of the key points arising from this guide and any action you may wish to consider
• Contact us to discuss your action points and to evaluate your long-term financial plans.
We would welcome the opportunity to assist you.
Contents
Personal Tax Essentials 4 Tax and Employment 12 Personal And Family Finances 19
Introduction
2
Business Tax
6
Exiting a Business
16
Retirement Planning
22
The general effect of the Civil Partnership Act is to treat registered civil partners on a consistent basis with married couples. For the purposes of this guide we have on occasions referred only to spouses.
‘HMRC’ refers to HM Revenue & Customs.
This guide is based on current understanding of legislation and the government’s proposals at the time of publication and under no circumstances should action be taken without first seeking appropriate professional advice.
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