Is there really a legal way to reduce your tax bill?

Is there really a legal way to reduce your tax bill?

We've all heard of them, the "new" way to reduce how much tax each of us pay each month or each year. There always seems to be some "exciting" scheme that comes out that promises exactly this.

Working in my sector, I hear way too many stories about how people have been sold a plan which frankly relied on such a convoluted process that Einstein himself would have struggled to unwind and understand it. 

Acronyms like EFURBS and EBTs are often thrown around by advisers as "legal" ways to reduce some element of taxation. 

Firstly, I hate to be the bearer of bad news, but frankly most of these are absolute rubbish, or even worse - flat out scams.

BEGINNER'S GUIDE TO SEIS

BEGINNER'S GUIDE TO SEIS

Like it's big brother EIS, the SEIS is a very powerful tool in managing your tax bill. While SEIS is slightly more limited in scope, the benefits exceed the EIS structure by quite a bit.

SEIS is generally for smaller and younger companies who are less than 2 years old.

Have a look through the guide and hopefully it gets your imagination stoked up while giving you a bit of a background to the scheme itself.