How EIS can reduce client income tax bills
- On February 24, 2022
- By GrowthInvest Marketing
Your clients promise to submit their tax returns well ahead of January every year don’t they? There’s then always an excuse as to why they leave it until the last minute, isn’t there? And then they come to you asking what they can do to pay less tax. This hopefully isn’t every client, but there are a good number who follow this pattern despite your best education.
So, what can you do?
The obvious answer, hopefully, for appropriate clients is to utilise an Enterprise Investment Scheme (EIS) proposition which can fully deploy funds prior to tax year end. EIS funds offer an ability to claim 30% income tax against the previous tax year (currently that would be 2020/21) via a carry-back facility.
GET IN TOUCH!
CALL US020 7071 3945
FOLLOW US ON
Throughout our site you will find links to external websites. Although we make every effort to ensure these links are accurate, up to date and relevant, we cannot take responsibility for pages maintained by external providers.