TAX PLANNING

No one particularly likes paying tax and unexpected tax bills can be especially stressful. Our tax planning service can look at your particular circumstances and make suggestions on lowering your overall tax bill. We can provide advice on a particular transaction such as selling a house or a business to ensure the deal is structured in a way that gives you the greatest tax relief. Or we can look at your overall affairs and make suggestions on how to structure them to achieve a tax saving.

We can offer tax planning advice on VAT. Suggesting if a scheme such as the flat rate or the cash basis would be suitable and possibly lower your overall VAT bill.

As part of our company compliance package we’ll offer advice on structuring and extracting profits in the most efficient way. We’ll sit down with you and discuss your circumstances and options for granting shares to your spouse and wider family if appropriate. We can set up your company with alphabet shares enabling different levels of dividend payable to different groups or individual shareholders.

Also Included in our company compliance package is advice on profit extraction from your company. With the introduction of the dividend tax this is now more important than ever as long term director-shareholders face paying income tax for the first time in decades. We’ll look to provide a combination of salary and dividends to you so you can extract your cash while paying the least amount of tax possible. We’ll also look at your circumstances to see if your spouse or wider family could benefit from receiving salary or dividends to help reduce the overall tax bill.