A profitable business will pay tax on its profits but when times are not so good it will need to ensure that any loss relief available is claimed. This will often be of paramount importance for the cash-flow of the business and could mean the difference between survival and failure.

At New Forest Tax Accountants, we can advise you on the best practice for your business amongst the different ways in which trading losses can be relieved and guide you on the critical timings involved in claiming loss relief.

If you would like to know more about loss relief or would like to arrange a free initial meeting to discuss in more detail how we can help you, please Contact Us.