Act now to avert cash-flow crisis - FarmersWeekly
Act now to avert cash-flow crisis FarmersWeekly, UK Changing this to 30 April can defer tax bills by 12 months • Consider tax-efficient investments, such as SIPPS. These qualify for full tax relief and are VAT registered. Can be used in purchase of new buildings eg, grainstore • Review business ... |
Source: fwi.co.uk
Comments
Simon James, Gore Browne Investment Management, 2009-05-07 14:52:21
This a terrible situation for many farmers, but the general advice applies to many other self-employed people too. Current cash flow is likely to be down while tax payments relating to the past may be high as they lag economic activity.