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Tax affairs seem simple until you start to look at what reliefs are available, then there is a wonderful array of opportunities. Not just the commonly known ones such as pension contributions and charitable donations, but tax reliefs for expenditure on areas that improve yours and your staff’s morale, health and carbon footprint. For example there are tax reliefs for having electrical charging points fitted, having a cycle to work bike, for paying for staff medical fees. This last one is only since the pandemic and has not been well publicised.
Get in touch to discuss what tax reliefs you might add to your tax return.