Complete your tax return now!
Published 2 May 2014
Tempting as it is to finish the 2013/14 tax year by 'filing' your paperwork and receipts in a bag labelled 'January', there are many good reasons to file your Self Assessment tax return now, rather than letting the dust gather over the summer.
Promptly completed tax returns can provide improved cashflow and will definitely enhance your ability to plan your tax affairs for the 2014/15 tax year. Not only this, you can sit back and enjoy the summertime, smug in the knowledge that the 'demon' will not be awaiting you in your filing cabinet when the nights draw in and leaves start to fall...
Tax planning for school fees
Published 12 May 2014
School fees are expensive - but there are ways to legitimately reduce the after tax cost.
From the age of five to eighteen it can cost around £200,000 per child as a day pupil according to latest figures. A 3 year university course will add another £50,000.
Officially, there are no tax breaks for education but there do exist a variety of tactics to reduce the after tax cost – all of which are perfectly legal.