If you are looking for a solution to mitigate the impact of Covid-19, check out this year end strategy.
Covid-19 has wrecked the financial plans of many good companies who will turn from running profitably into huge losses during the shutdown.
Whilst some deferral of tax is possible through Corona relief schemes, a legitimate tax planning technique in lengthening the accounting year by up to six months could potentially be very helpful (see infographic) for some businesses. The main advantages can be improved cash flow and a lower tax liability. Get in touch with us to discuss your business.