Tax saving

Take control of your tax bill

Everyone wants to reduce their tax bill. It’s a focus for businesses and individuals alike. But making that a reality and putting some energy into the process of tax planning takes confidence and expertise. Fortunately, this is exactly the kind of challenge our tax experts relish.

Our tax team will work closely with you to review and shake-up your approach to tax to achieve total efficiency. Through careful financial planning, and an eye for opportunities, it’s generally possible to lower and/or defer the tax you pay, enabling you to keep more of what you earn. That means more money in your pocket, or to reinvest in growing your business.

There are lots of ways this can be achieved, including changing the structure of your business – we’ll calculate whether you might pay less tax operating as a limited company rather than as a sole trader, for example. You can also capitalise on allowances and reliefs, either general or industry specific. You could setup more tax-efficient remuneration packages, or take money out of your business in smarter ways.

One opportunity that is often overlooked is the employment of family members in the business. It’s not something that will work for every business but if your partner or child has the skills your business needs, bringing them onboard can ensure profits stay in the family.

That’s just a taste of how we approach the job of reducing your tax bill. In practice, we’ll spend time getting to know you and your business, talking through the options and squeezing out every efficiency there is to be found.