If you’re still recovering from submitting your tax return for the previous financial year and are dreading the prospect of starting the process again for 2017/18, you are not alone. It may therefore be even further down your priority list to start planning for the current tax year, 2018/19. To make the most of all your tax benefits though, it really is essential to start now.

We are now in the new 2018/19 tax year and a number of changes have been made to tax thresholds and rules which affect contractors, freelancers and small business owners. It is important to keep up with changes in order to manage your finances and remain tax efficient. To help, we’ve put together a quick guide to some of the changes for this financial year. 

The 2017/2018 tax year is coming to an end. It’s that time of year that seems to creep up on many small business owners, no matter how good your intentions were to be prepared. Now is the time to make sure you have taken advantage of tax saving opportunities and invested where possible. It’s also time to start preparing for your year end self assessment.
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