5 Tips for the best 2026 Tax Season

In this episode of the Ultimate FD Podcast, Tej Gill and I dive into the five essential steps entrepreneurs need to follow for effective tax planning and reducing surprises in their 2026 tax bill. The conversation focuses on actionable strategies to optimize tax efficiency for business owners, emphasizing the importance of proactive planning.

The episode begins with stressing the significance of setting a budget and understanding where expenses can be most beneficially recorded, whether personally or through the company. We discuss the importance of tax brackets, emphasizing the critical role of deciding on dividends, salaries, and director's loan accounts. 

Moving forward, we highlight benefits available to individuals and businesses, from utilizing allowances to maximizing trivial benefits vouchers. We explore advanced concepts like managing director's loan accounts and strategic tax buffers. 

The episode culminates with practical insights about asset investments and exploring company investment accounts, offering valuable advice for financial planning through the lens of tax efficiency.

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