Let's face it no one likes to pay tax and your accountant will be great at ensuring you are compliant and can provide some suggestions to reduce your tax bill.

Here are three easy ways to reduce your tax bill this coming year:

1. Make pension contributions
2. Make charitable donations
3. Claim your business mileage, a % of your household bills if you work from home and if you wear any sort of uniform or protective clothing to do your job, that's also allowable.

As fractional finance directors we try to be a bit more creative and believe that your profits can be used to reduce your tax bill whilst investing in your business growth plans:

1. Establish a strong board, utilising a  fractional FD brings the experience and expertise required but is more flexible and cost effective than recruiting
2. Enhance your sales process to increase your lead generation
3. Exhibit at a trade show for your target customers
4. Invest in quality control resource
5. Invest in a staff retention strategy including reward and training / development