Weekly Thoughts 13 February 2015

A cash flow pressure month this is for any provisional tax payer. Myself being included. Its time to pay your final 2014 income tax payment. Then you have your second provisional tax payment for the 2015 year. February might also be a VAT payment month. Then you should also be calculating if you need to maximise your retirement funding tax deductions with a contribution into your retirement annuity. All of this requires cash. Businesses and the self-employed need strategies to put this cash aside. Many fall short, and come into trouble.