News & Important Dates

Year end 31st December 2020

Owners of companies which have a 31st December 2020 year end, should carefully consider and plan the end of the financial year.

  • Pension contributions should be paid and have left the bank before the year end.
  • Annual Investment allowances of £1m have been extended to 2022. If you have any significant Capital expenditure it may be worthwhile considering if this expenditure should be set against profits for the period or utilise the allowance.
  • Use of the £20,000 Annual ISA allowance should be utilised before the end of the tax yea, at least before 3rd April.

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