Personal tax planning
Sole traders and small businesses
A tax accountant can help you on all areas of tax and advise you on ways to become more tax efficient, saving you a significant amount of money over the longer term. We will also inform you of any changes in tax law that could affect you.
We have access to a wide range of cloud accounting software solutions that are designed to meet Self-Assessment needs. We can complete tax returns, calculate tax liability
and advise on timing of payments.
We are trusted advisors to businesses owners who need help with one of the most complex business decisions that they will face – putting together a succession plan. This may be simply passing down the family company to the next generation but
in most cases the issues and solutions will be much more complex.
Personal tax planning
Tax planning often requires specialist advice and support to meet requirements and optimise tax position. Our tax team can provide you with year-round advice on all aspects of personal taxation.
Capital gains tax
We will advise you on reducing or delaying payment of capitals gains tax on your shares or property. Based on your needs we provide tailored tax planning and help you pay less tax by utilising tax reliefs such as Entrepreneurs’ Relief.
Estate planning / Inheritance tax
We advise on various strategies regarding estate planning & inheritance tax. We offer bespoke tax planning options to enable you to pass on your wealth in the most tax efficient manner. Our advice will incorporate will planning, lifetime
giving, use of reliefs and tax efficient investments. We also have expertise in dealing with trusts and ways to set aside assets for future generations.
Corporate tax planning
SMEs & limited companies
Our team in Leeds brings specialist knowledge and experience to your business when it comes to effective tax planning for SMEs and Limited companies, including the following areas:
We can assist you in planning tax-efficient ways to structure a benefits package for employees including salary sacrifice schemes. We also provide advice and implement tax efficient share option schemes, such as EMIs.
Company car tax planning.
We show you the most advantageous way to purchase a new company car making you aware of the tax savings and tax implications that can occur.
Making sure complex VAT legislation is correctly applied and that you are reclaiming any VAT repayments due to you.
We ensure you pay the right amount of corporation tax and take advantage of relief schemes such as R&D tax relief to reduce your company’s corporation tax bill. Our advisors also optimise the extraction of profits by appropriate timing of
dividends and employee bonuses.
Business tax planning.
Whether you are starting in business for the first time, running an established business or planning a sale or retirement, there are many tax issues to consider.
PAYE health check
Our PAYE specialists make sure your PAYE and NIC affairs are up to date and correct.
Partnership tax planning
Partnerships & LLPs
LLPs do not pay corporation tax and have specialist requirements, which we can assist with. In some cases it might be advantageous for businesses to operate as an LLP for tax planning purposes. We can conduct a full tax review of your business and determine the most efficient tax structure for you.
accountants provide tax advice and other accounting services for sole traders, SMEs, Limited Companies, & LLPs.