WITH the 2020 income tax deadline approaching, early planning in relation to your 2020 tax liability and 2021 preliminary tax obligations is vital in order to save an unexpected surprise in October and November. After a number of false starts faced by the equine sector due to disruptions to the normal calendar of events, some clarity is finally beginning to return, therefore planning for your income tax liability will ensure that your future trading needs will not be impacted by an unexpected income tax liability.