With the year end fast approaching, here are top tips to help you make the most of the tax-saving opportunities available to you and your business ahead of 5 April 2016.

Consider the timing of capital investment

The Annual Investment Allowance (AIA) reduced to £200,000 from 1 January 2016 and where a chargeable period straddles this date, the maximum amount of AIA entitlement is calculated on a pro-rata basis. There are also restrictions on the amount of expenditure which can qualify for AIA depending on when the assets were purchased.

Review your business motoring

Tax and national insurance costs could mean that the company car is not the most tax-efficient option for either employer or employee.

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