Business decisions should never be driven by tax considerations alone but tax is nevertheless an important cost which like other business expenses has to be planned for and mitigated wherever possible.
The planning should start well before any business transactions take place. We can advise on the most appropriate vehicle for your business whether it be sole trader, partnership, limited liability partnership or limited company. We can also help with the myriad of forms that new businesses have to file from PAYE to VAT.
As the business grows and becomes more profitable this creates new tax challenges – how can the owners of the business extract profit in the most efficient manner?, how can employees be remunerated efficiently bearing in mind the high cost of National Insurance Contributions? We can advise on these issues and help you to take advantage of the many tax relief’s available to assist business.
Before the end of your accounting period we will look at the opportunities for mitigating the tax liability by taking action before the year end.
As businesses develop it is often necessary to think of new structures to help the enterprise move forward possibly forming a group of companies. These changes may be triggered by acquisition, new product lines or segregating non core parts of the business prior to disposal. These structural changes can have profound effects on the tax liability of the business and careful planning will be necessary to avoid the pitfalls.
Eventually the business may be sold or handed on to the next generation. We can assist in avoiding problems with Capital Gains Tax, VAT, Stamp Duty and Inheritance Tax.
mailto:john.richards@r-m-t.co.uk&cc=marketing@r-m-t.co.uk&subject=Tax
