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By timing payments or receipts carefully around the year end, companies can save money. Taylor & Co can advise companies in the Royston 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 tax bill and defer payment until the next tax year.
If you are a company in the Royston area and would like help with timing payments and receipts to reduce the tax bill and save money, contact Taylor & Co.
20 Jan 2021
Large businesses must now pay their smaller suppliers more quickly under changes to the UK's Prompt Payment Code (PPC).