Paying taxes can be hard, but you don’t have to be stuck with a high tax bill—ask your accountant to introduce you to investments that help you steer clear of additional costs. Hal Surratt CPA of Archdale, NC, has great advice for both individuals and businesses looking to minimize their tax burden this season.

Here’s how you can make investments that will keep your tax burden manageable:

• ISA: This form of investment provides incredible capital gains and tax breaks. Individuals over the age of 16 can enjoy the benefits of an ISA savings account, while those over the age of 18 can try their hand in ISA investment accounts. Shares, bonds, and collective funds are three of the many ways an individual can grow money. All money accrued in an ISA account is tax-free.
• Pensions & 401(k) Plans: Preparing for the future is much easier when you have a pension plan in place. An accountant will help you determine how much to contribute if you choose voluntary contributions. Pensions also come with some employment opportunities at corporations and in the public sector, which means that a certain percentage of your check is set aside for future payout. These plans are tax-efficient, because the money accrued is typically tax-free and you can claim tax deductions for some accounts. 
• Venture Capital Trusts: Venture capital trusts involve special companies that invest money in various businesses for the benefit of the consumer. Investments are held anywhere from three to five years and come with a 30% tax refund. The investor must owe at least 30% in taxes to get the relief, but the investment method is still a financial win. 

Avoid excessive tax bills by seeking the guidance of a tax accountant. To learn more about tax preparation, call Hal Surratt CPA in Archdale at (336) 861-4024 or visit their website for additional information.