Where can I make tax savings?
Both businesses and employees can sometimes pay too much tax, there are various reasons for this. If you are paying too much tax, here are a few areas where you might be able to save on tax:
Income Tax: Are you making full use of your personal tax allowance and reliefs to save tax? We can undertake personal tax planning to make sure.
Corporation Tax: Whether you run a single company or a whole group, our corporate tax specialists will help you retain more profit or extract more value from your business.
Tax Planning: How you structure your affairs can have a massive impact on the tax you pay. We’ll come up with an individual tax plan that could reduce your tax bill.
Capital Gains Tax (CGT): If you sell your valuable items you may need to pay Capital Gains Tax (CGT). We’ll work out what you owe or tell you if the asset’s exempt.
Inheritance Tax (IHT): Don’t leave it all to the tax man! Reduce Inheritance Tax by planning ahead. It could save a large chunk of your estate from tax.
VAT: Our experts around the country will take care of all your VAT needs. Our VAT services often this leads to better cashflow and sometimes even a hefty rebate where you’ve overpaid your VAT.
R&D Tax Credits: Research & Development (R&D) tax relief is available to UK limited companies and encourages investment in innovation. R&D tax credits can reduce a company’s tax bill or, if a company is not in profit, provide payable cash.
International Tax: Whether expanding internationally or planning to live outside the UK, or coming to the UK to run a business or live here, our international tax experts can help you save non UK tax as well as UK tax.
Tax Schemes: Alternative tax schemes offer different levels of risk. Our tax saving experts will help you find the options you’re comfortable with.