Tax planning

While the effects of the recession on cash flow and business profitability are on the minds of many, combined with the continued threat of tax increases, it is essential that careful long term planning measures are implemented to ensure that your business and you pesonally never pay more tax than is neccessary.

Effective tax planning vs risky tax avoidance schemes

There are 2 main problems to undertaking risky tax schemes:

  1. They very rarely work, and should they fail then you will be left in a far worse financial position than you were from the outset.
  2. If the scheme does work and you are able to reap the rewards your joy may be short lived as the HMRC are able to retrospectively review schemes, close them down, and penalise companies who benefitted from them.

>> Governemnt swoops on latest tax avoidance scheme

Our experience has proved that a well planned and well implemented tax planning strategy will ultimately ensure that you pay the minimal amount of tax possible now, and moving forward.

If you could like to find out how you could reduce your tax liabilities please complete a contact form and a member of our team will be in touch with you to discuss your needs.

Reduce your tax bill through Entrepreneurs relief

Entrepreneurs relief can provide an individual and some trustees with significant tax savings when disposing of a business, or part of a business including shares in a company.