“She immediately saved us in the region of £4000.00  by just talking to us for a matter of minutes.  Her knowledge and efficiency are second to none.”

− Karen Skinner, Nical Installations Limited

Corporate Tax Planning

Corporation tax represents a substantial proportion of a company’s costs.  Further to this the increased complexity with constantly changing assurance, regulatory, tax compliance requirements and harsher penalties for non-compliances means a large amount of your time will be taken up meeting these needs and not allowing for the appropriate consideration to ways in which you can minimise your corporate tax exposure which can have the potential to significantly improve your bottom line.

Our proactive approach ensure that all our clients maximise the opportunities available to them by providing information that allows the identification of issues at the appropriate time and the expert advice that will enable them to apply practical measures.

Our team can help determine the most effective structure for your business, allowing you to take full advantage of tax opportunities and reliefs, at all stages of corporate entities’ lifecycles.

  • Start ups (Establish the most beneficial tax model)

  • Maximising relief on acquisitions and reducing tax on disposals

  • Raising finance (Debt, equity, and foreign currency; tax efficient intra group financing; making use of tax losses; etc)
  • Succession planning (link)

There is a member of our team that can help you make the most of your situation.

International? Plummer Parsons can help!

  • UK business setting up or expanding overseas
  • Group structure
  • Repatriating profits
  • Double tax planning
  • Cross border acquisitions and disposals
  • Overseas business establishing a presence in the UK

Our experienced team will work with you to acquire an understanding of your business and aims for expanding.  Every country has a set of rules and these integrate with UK tax rules in different ways.  We can then help develop a suitable tax structure and minimise overall tax liabilities.

 

For your ease we have listed below related articles on this topic.  Where applicable there is also a list of useful links on the left hand side.

If you would like to speak to someone please do not hesitate to contact us.


Tax saving strategies

Review your expenditure before the end of your company's year end to possible reduce the current years tax liability and accelerate tax relief by twelve months.
Expenditure incurred before the company year end might reduce the current year's tax liability instead of next year's. Bringing forward expenditure by even a few weeks on, for example, building repairs, advertising, sales and marketing campaigns, and any other item deductible from profits can accelerate the tax relief by twelve months.

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Buy,HP or lease?

The decision to buy, hire purchase, or lease an asset will generally depend on the financing available to your business.

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Profit extraction

In many small companies, the owners are also the directors, and this gives considerable scope for deciding how profits should be taken out of the company.

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National Insurance planning

Details of class 1, class 1A, dividends instead of salary and action to save NICs.

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Alternative ways of extracting profit

If you have reached your tax free limit, here are some more tax efficient ways of drawing profits.

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Tax planning for business owners

Tax planning for business owners including the choice of accounting date for sole traders and partnerships, what if you have more than one business, and extracting profits from a company.

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General tax planning

Tax planning is a year-round activity - and a very important part of your overall financial strategy.

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Could your business survive without you?

As accountants and business advisers we get to know our clients very well. From our position, it is all too clear to us that many clients are too focused on 'today' to give serious thought to the future.

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General guide to starting a business

If you are thinking of starting a business, you should consider, many factors.

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