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Is cash still king?

11 November 2008 / Lesley Stalker
Issue: 4184 / Categories: Comment & Analysis , Personal Tax
With clients worried about their cash deposits, LESLEY STALKER considers some tax-based alternative advice

KEY POINTS

  • The current climate of financial worries.
  • Can we differentiate between financial advice and information?
  • The effect of paying tax early.
  • Is a certificate of tax deposit relevant?

Continuing crises in the financial sector mean that the biggest concern for many clients at the moment is identifying where they can safely deposit their money. Over the past few weeks we have received countless calls from business owners and personal tax clients asking us for advice.

While this is not a tax issue many are looking to their tax advisers for informed advice and comment. It's so topical that on Radio 4 this week even Sir Digby Jones was asked if he was worried about possibly losing his savings and apparently he hasn't moved his money around.

Of course as tax advisers we are...

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