Perrys Chartered Accountants will be providing free tax efficiency health checks to help businesses navigate increasing costs.

Tax rises due to come into effect in April, along with escalating interest rates and the cost of living crisis, are putting many businesses under mounting pressure. However, in the UK alone, which has more than 1,100 available tax reliefs, around £400 billion each year is being missed out on by those who qualify according to HMRC.

Donna McCreadie, a partner at Perrys, said:

“If you aren’t making the most of the tax reliefs that are available to you, because you are unaware or uncertain you qualify, then you could be losing hundreds or even thousands of pounds each year – something that could make a huge difference to your cashflow.

“Our free tax health check will assess all the areas of your business and identify those areas where you could be making tax savings, including Corporation Tax and National Insurance.”

The advice to businesses is to check what they are entitled to and seek the help of a professional if in doubt. Some tips for tax efficiency can also be found on Perrys’ recently published blog Four tips for ensuring your business stays tax efficient.

Donna added:

“We urge anyone who is unsure about the tax reliefs they could be claiming to get in touch.”

Business owners interested in organising a free tax health check can get in touch with Perrys by calling 0800 0191 451. Alternatively, complete a contact form and one of the team will be in touch.