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By timing payments or receipts carefully around the year end, companies can save money. GMS can advise companies in the East Anglia area…
The timing of certain payments and receipts of income is crucial for tax purposes. By moving a date of payment or receipt by just a few days either side of the company’s year end, you can reduce the current year’s tax bill and/or defer payment until the next tax year.
If you are a company in the East Anglia area and would like help with timing payments and receipts to reduce the tax bill and save money, contact GMS.