Lambert Roper & Horsfield Limited Accountants Calderdale, Huddersfield
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Most businesses are very good at providing the products and services that their customers need – but running a business involves much more than that.

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The financial world is a complicated place and there are times when you’ll need some expert help.

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Wealth Management

When it comes to your finances, taking time out to seek expert advice is always a wise investment.

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We also provide specialist services to a range of other clients.

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You are here: Home » Private Clients » Income Tax Planning

Income Tax Planning


The tax regime includes a range of reliefs and allowances, which can be offset against your tax bill.

So it makes sense to use of all the opportunities open to you to minimise your tax bill. After all, no-one wants to pay more tax than they have to.

But many people miss out because they leave it too late – so it makes sense to seek advice from a tax professional, who can identify early opportunities for advance planning to benefit you. We can advise on options including:

  • benefits in kind
  • the best combination of salary and dividend, where appropriate
  • company car options
  • equalising income between spouses
  • pension contributions
  • the timing of dividend payments
  • tax-effective investments.

The Financial Conduct Authority does not regulate tax advice.

To find out more about how we can help you, please contact LRH accountants in Calderdale.

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Telephone: 01422 360788

Email: mail@lrh.co.uk

 

Latest News

Government to launch new local lockdown grants

September 14th, 2020

Businesses that are required to shut due to local lockdowns could be entitled to claim up to £1,500 in grant funding every three weeks for each premises that is closed.

The new grant funding has been created to support those businesses that are adversely affected by local restrictions, which are being imposed in areas with high incidences of the Coronavirus.

Under the new scheme:

  • If a business occupies premises with a rateable value less than £51,000 or occupies property or part of a property subject to an annual rent or mortgage payment of less than £51,000, it will receive £1,000.
  • If a business occupies premises with a rateable value of exactly £51,000 or above or occupies property or part of a property subject to an annual rent or mortgage payment of exactly £51,000 or above, it will receive £1,500.

Unfortunately, any businesses still closed at a national level, such as nightclubs, will not be eligible for this funding.

The new grants will be delivered by local authorities, who will be responsible for distributing the grants to businesses in circumstances where they are closed due to local interventions. Local authorities are being given the discretion to determine additional eligibility criteria should it be deemed necessary.

These new grants can be used alongside other support, but as with other COVID grants funding from this new initiative will be treated as taxable income.

Further details of this new grant are yet to be published by either the Government or local authorities. We will try and bring you updates on this new scheme as and when they emerge.

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