Business Tax Planning

We have extensive expertise in business tax planning for business owners.

Try our free initial consultation to see how much we can reduce your tax burden.

We can add value to business owners in many ways - our proactive approach ensures you will not miss a trick!

Amongst the areas we can help with are:-

Business Structures

We can help you decide what the best structure for your business is, and change without adverse tax consequences if it proves necessary. We balance tax issues with practicalities to help you find the format which works best for you and keeps compliance costs and tax bills to a minimum

International Tax Structures

For businesses conducting tax overseas, we can help find the optimal business structure to keep your tax and compliance costs to a minimum. We design structures to meet client needs, balancing the need for lower compliance costs with tax savings achieved to provide genuine benefits to clients.

New Business Start-Ups

Business start-ups can be difficult enough. We can help by ensuring new businesses adopt the cheapest tax structure from the outset, make the most tax-efficient use of any tax losses arising and maximise tax reliefs on capital expenditure, business loans and other necessary expenditure.

Retirement or sale of a business

 The key is always to plan early for the sale or your retirement from a business. Taking steps in good time really helps reduce tax liabilities later, both on the sale itself (Capital Gains Tax) and after retirement (Inheritance Tax). We can provide the expert tax advice you need to maximise your assets in retirement or preserve funds for your next business venture.

Tax-efficient profit extraction from the business

Limited companies can sometimes appear to offer tax savings, but the perceived benefits disappear when the company owner wants to extract value from the business. We can help get the right balance between minimising tax and extracting sufficient benefit from the business.

Inheritance Tax and Capital Gains Tax Planning

We provide ongoing advice to clients, helping them to reduce tax liabilities on the sale or transfer of a business or assets of a business. We also help manage the transition from businessperson to retired person as assets previously benefiting from business tax exemptions lose these benefits on conversion into cash on sale. We can help make this transition easier and avoid costly mistakes.

Reducing Employee Costs

Employing people is costly and there are significant National Insurance costs. In many cases these compliance costs can be reduced by considering the employee's remuneration package and designing a replacement package which can provide greater benefits for the employee while also reducing the overall cost for the employer.

Preserving Wealth

In many cases the family wealth is closely tied to the family business. Sometimes when the marriages/relationships of children of the family break down, the precious shares in the family company can end up in the hands of estranged spouses, complicating the management of the company. Planning ahead can reduce the impact of unforeseen events and help preserve the family wealth while providing for all the family.

Pensions Planning

Pensions planning has become more complicated in recent years as the rules change year on year. Recent changes mean less tax relief for large pension contributors and absolute limits on the tax relief available for pension contributions. There are alternative pension schemes available which can provide additional benefits to both employees and business principals, providing flexibility and maximising tax reliefs. The appropriate scheme depends on individual circumstances, but we can advise on pension tax reliefs available. 

For a free initial consultation, click here!