10 Tips to Minimise Your self Assessment Tax Bill

In this episode of the Ultimate FD Podcast, I am joined by esteemed Chartered Tax Advisor, Tej Gill, to discuss essential tips for minimizing personal tax bills for the year 2026. As the deadline for self-assessment submissions to HMRC approaches, this episode provides strategic advice that can help listeners save significant amounts on their tax bills, whether they are new entrepreneurs or seasoned business owners. 

We delve into 10 actionable tips that include utilizing marriage allowances, claiming training course deductions, and managing capital gains effectively. This engaging conversation seeks to make often daunting financial matters accessible and actionable, enhancing listeners' tax-planning prowess.

Throughout the episode, we emphasize critical tax-saving strategies such as making sure to account for all benefits in kind, utilizing the marriage allowance effectively, and ensuring that training courses are correctly documented for deductions. 

We also detail the importance of accurately reporting capital gains and navigating property-related expenses. By covering essential topics in finance and tax, they offer listeners valuable insights that not only aim to save money but also encourage more organized and strategic financial planning. 

Coupled with expert advice, this episode is a valuable resource for anyone looking to optimize their tax submissions before the deadline or prepare better for the upcoming tax year.

‍

👉 FOUR PART TAX TALK SERIES NOW LIVE! FOUR PART SERIES! Most entrepreneurs pay far too much tax, or spend too much time worrying about the wrong things. This is why we created the Tax Talks Series: From Start to Sell. This is a must listen for any entrepreneur to understand all the challenges they will face from a tax perspective as they go on their entrepreneurial journey. Go to our Tax Talks page to gain access to the four part series FREE OF CHARGE.

👉 DOWNLOAD A COPY OF OUR BOOK SMALL BUSINESS BIG PROFIT FOR FREE