Services & Fees

Tax Planning

Tax planning involves many different aspects, including the timing of both purchases and income along with other expenditures, selection of investments and much more - The purpose of tax planning is to discover how to accomplish all of the other elements of a financial plan in the most tax-efficient way possible.

What can we do?

We offer full Taxation Planning services from a Chartered Tax Advisor. We can handle any aspect of taxation planning, from the very small to the very large.

If you’re a self-employed individual, sole trader, or director of a company, we can complete your annual tax return on your behalf, and ensure that you claim all the benefits to which you are entitled, and classify your earnings in the way that best reflects what you really owe. We can also offer advice about how to distribute your assets more effectively with respect to their taxable value.

For limited companies and corporations, we offer a full annual account, CT600 and VAT return overhaul (or parts thereof) in which we’ll look at everything from the classification of revenue and expenditure to the specific activities that generate them, making sure that you’re claiming benefit for everything to which you’re entitled. We can look over your cashflow statements and forecasts, giving you insight and advice about how you can time your large purchases to minimise their taxable value, and even overhaul your asset structure to save you money there too.

Although we can’t make guarantees, whatever the size of your requirements, it’s quite likely that we’ll be able to save you at least enough money to cover our fees. Our initial consultation is free so why not use that opportunity to talk to us [link to contact] about what we can do for you?

  • full Taxation Planning services from a Chartered Tax Advisor
  • CT600 and VAT return overhaul
  • Revenue and expenditure
  • We make sure you are claiming for everything that you’re entitled to
  • Free consultation
  • Tax returns
  • Save money on your tax bill
  • Tax legislation
  • Capital gains
  • Making large purchases
  • Balance sheet
  • Accurate forecasting

Further Reading

Whether you’re a self employed individual, sole-trader, limited or public limited company, if you’re making money in the UK, you’ll have to submit a tax return and the chances are you’ll be liable for income, corporation, value added and/or capital gains tax, to name just 4. Tax avoidance is a crime, punishable under law but it is nevertheless absolutely legitimate for a business to plan for taxation, being upfront about what they are doing, in order to ensure that the amount of tax paid is not excessive.

The only people really qualified to give advice about how to structure your finances in order to plan for taxation are chartered tax advisers, usually accountants. Their training gives them a uniquely thorough understanding of the UK tax system such that you can be sure they’re giving you the most for your money, and not doing anything illegal.

Often, saving money on a tax bill is about ensuring that income and expenditure are classified in the right way, and that large purchases are made at a time that minimises their tax-deductible value. Research and development (R&D), for example,  is subject to a much neglected piece of tax legislation which means that a wide variety of innovative and developmental processes can yield a tax credit, if the activities are identified and applications properly completed. Even something as simple as renting a room to a lodger, rather than describing them as a tenant can result in tax exemption for that income.

Like Income tax, Corporation and Capital Gains taxes have thresholds for exemption, higher and lower rates. Making large purchases, such as new machinery, vehicles and property, even charitable donations at the appropriate time can lead to a net saving in tax by tipping the balance sheet under the threshold for that period. Even small businesses can make large savings by planning for taxation in this way. The distribution of assets is another key factor here too: A chartered tax adviser will be able to look at the holdings of your business and how they are defined, offering suggestions about how to optimise their tax-deductible value.

Another aspect of taxation planning is in the prediction of the size of a tax bill in advance. Accurate forecasting [link to forecast] of taxation is essential as part of good budgeting and cashflow forecasting which can often mean the difference between survival and failure for a small business. Every business-person’s nightmare is the tax bill that’s 25% higher than expected at a time when cash reserves are low. Good planning can prevent that large bill from arriving, or at least ensure that it does so when paying it is easy.

Traditional Accounting

Dedicated Contact

Communications with HMRC & Companies House

Company Secretarial

Self Assessment Tax Return

Annual Accounts

Annual Returns

CT600 (Company Tax Return)

P11D

VAT

Payroll

CIS

Bookkeeping

Monthly Management Accounts

Accounting Systems Set-up

Business Startup – Company Formation

Tax Planning

Smart Accounting

Bespoke Reporting

Cloud Accounting

Financial Forecasting

Financial Goalsetting

Benchmarking and KPI’s

Dashboard Monitoring

Alert Monitoring

Virtual / Part-Time Financial Director / CFO

Non-Executive Director (NXD/ NED)

Cost Analysis

IT Services

Disaster Recovery Systems

Business Strategy

Workflow Management

Competitor Analysis

Monthly / Quarterly / Annual Performance Meetings

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