Business Tax
Business Structures
Tax considerations are vital at the start of a business and influence decisions on whether to trade as a sole trader, a partnership or a company. We can advise on all relevant aspects as well as the use of losses, value added tax and the taxation of employees.
Partnership taxation has its own complications regarding trading and capital profits ... and even losses. There are specialised entities, such as limited partnerships and limited liability partnerships, all of which need to be considered from a tax perspective. We can explain these to you and help to reduce the tax bills.
Company reorganisations can come with a wealth of tax-saving opportunities - and a mass of tax threats. Whether dealing with corporation tax (including that on gains), stamp duty or value added tax, we can assist you in minimising the tax downside of your reorganisation plans - and in taking whatever advantages might be available.
Where businesses invest in their trade or otherwise, there can be unexpected tax threats and opportunities. We can explain these to you and make sure that you invest in a tax-efficient manner - whether in relation to capital allowances or to any reliefs that might be available to offset against profits.
Business Tax Planning
All business developments have tax consequences - even if these are only the charge made on ever-rising profits! We can help you through the tax minefield wherever your business is going - on a regular, ongoing basis or where particular transactions have special tax features. Whether tax planning is a driving factor in what you do, or tax consequences merely have to be dealt with as a result of your business plans, we will be able to assist.
Joint ventures almost always need to be considered from the point of view of tax - how are profits and losses to be shared so as to maximise benefits to the parties taking part? They may have different tax priorities and negotiation and compromise may be necessary. We can advise on all the tax wrinkles, from the type of structure best suited to the project in mind to the most tax-efficient way of extracting profits at the end.
Sales & Acquisitions
On either side of a sale or purchase, tax matters will be crucial. We can deal with all aspects of the deal, including the complex and demanding documentation driven by tax considerations. Our advice will deal with your business and ensure that tax is not neglected in achieving the best outcome for you.
Tax & Contracts
We can help you to get your contracts right, both with your suppliers and with your customers. Tax will be a feature of these contracts, from VAT to capital allowances, and our advice is on hand to lead you through the tax consequences.
Employee Tax & National Insurance
The employment relationship brings its own tax considerations, increasing the employer's obligations and widening the scope for mistakes. We can advise on tax-efficient remuneration, on PAYE obligations and on all tax aspects of the employer/employee relationship.
Huge opportunities exist to reward employees, and business owners, in a tax-efficient manner by using share option and share incentive schemes. We can assist with the complex documentation required and in dealing with the Inland Revenue to secure favourable tax treatment.
Tax in Litigation
Even in court matters, tax can rear its ugly head. We can help to ensure that tax considerations do not detract from other important matters.
Business Succession
Passing on the business can be expensive but with careful planning tax charges can be reduced or eliminated entirely. By combining our business and personal tax expertise, we can help you to ensure that the next generation takes over your business with as little going to the Inland Revenue as possible.
Capital Allowances
Capital allowances can provide vital relief for businesses on what may be major expenditure, especially in new and refurbished premises. Early advice and planning can maximise the benefits available to your business.
