Paying Too Much Tax
Whether you are a company owner dealing with business tax, or a standalone tax-payer, everyone at one time or another feels they are paying too much tax.
Without the right advice, navigating your way through the tax system can be time consuming and cost you money if you get it wrong. Late tax submissions can lead to crippling penalties that can seriously impede your business’s ability to grow or seriously affect your personal finances.
For more information on personal taxation read “Paying Too Much Income Tax?”
Dealing with business taxes is complicated and time-consuming and there are harsh penalties for non-compliance so you want to get it right. But as a business owner you also want to make sure you are not paying too much tax just because you are unfamiliar with some regulations.
Your business or professional practice should be structured in the most tax efficient way to take advantage of tax all reliefs available. Good tax planning can ensure the business retains as much profit as possible whilst still complying with all tax laws and meeting all annual submission deadlines.
Our experienced team can save you time and money dealing with business taxes such as:
- Income Tax
- Corporation Tax
- Capital Gains Tax
- National Insurance
Tax Efficient Strategies
Naturally no business wants to pay more tax than necessary but are you aware of the tax planning strategies that can help minimise your tax burden? Whether you run an established business or professional practice or are just starting up, astute tax planning is essential. It can ensure you use the most tax-efficient remuneration packages for your employees, reduce tax on the disposal of assets and maximise tax relief on acquisitions.
We can advise on tax efficient strategies using business tax reliefs and tax planning incentives covering:
- Capital Gains Tax
- Business Losses
- Research & Development Tax Relief
- Asset Planning
- Inheritance Tax Planning
Make sure you pay the right amount of tax by talking to us. As well as making sure you are meeting all the necessary tax laws and annual deadlines, our experienced team of accountants can:
- Identify areas where you may be able to make tax savings.
- Help with end-of-year submissions to avoid late-payment penalties
- Provide expert advice on VAT registration
- Help you determine what purchases can be offset against tax, reducing your end-of-year bill
- Ensure you’re paying the correct amount of tax by using our experienced tax advisors
Find out more about our fees