Tax & Business Planning

Tax mitigation

We will review the position and consider various allowances and reliefs available that may minimise tax liabilities on all sources of income including business profits and the sale of chargeable assets.

Profit extraction strategy

If you run your own Limited company we will review the position regarding the extraction of profits from the company as tax efficient as possible, either by salary, dividends or a combination of both.

Limited Company or sole trader?

We will review the position and advise you on the tax implications of operating your business either as a Limited company or as a sole trader. We will also indicate other non-tax areas that should be considered.

IR35

We will review the position and advise if you are subject to the IR35 legislation and the tax implications if that is the case.

Tax and Business Planning FAQ's

What is the position if my business makes a loss?

We will review the loss reliefs available and advise accordingly.

Should I own let property as an individual or via company?

There are a number of factors and taxes to be considered, we will review and advise accordingly.

When is capital gains tax payable?

If you have sold property after 6 April 2020 you must report and pay capital gains tax within 30 days of selling property in the UK.

Can you advise on Investment strategies to minimise tax?

No, we can only advise on the tax implications, we do however have a number of contacts who would be able to assist.