Here at Frampton Accountants we specialise in both Corporate Tax Planning and Personal Tax Planning, both of which are extremely important. Below highlights some of the areas in which a tax strategy can really help both commercial and individual situations…
Corporate Tax Planning
Effective planning of your tax affairs will help your business save money.
Every profitable business in the UK has to pay tax, but many businesses pay more tax than is necessary. We will examine your company’s potential tax liabilities and prepare a plan to manage these in the most efficient way in order to avoid paying more tax than you need to.
Whether you are about to start a company or a seasoned business person, we can help you in many vital areas. For example, what business structure you should choose when starting out? Will you be a self-employed sole trader, a partnership or limited company? We will advise you on how to register your business and when to start paying tax.
Alternative tax planning schemes can involve risk, however, subject to your attitude towards risk and as part of your overall business strategy, these can be advantageous and we will be happy to talk you through the options.
HMRC tax investigations
All enquiries by HMRC are to be taken seriously. Whatever tax advice you need, we know that one of our tax team will be able to help. Just get in touch with us and have a chat.
We will cover tax inspections, when they might arise, and how to deal with them, how to manage your business expenses effectively and make use of relevant tax benefits.
When the time is right we will advise you on exit strategies, and the ultimate sale or passing on of your business in the most tax efficient way.
Personal Tax Planning
Careful planning can save you thousands of pounds in tax. Our expertise in tax matters means that we can look at ways to legitimately save you money. We undertake to carry out routine tax work on time, so that tax returns are prepared and filed before their due dates.
Getting your tax right has never been more important. Penalties are growing and HMRC is cracking down more and more. We’ll make sure your tax affairs are legal and accurate, right down to the last detail.
The tax regime is becoming more complex with emphasis being put on taxpayers’ individual responsibilities, so that everyone who is subject to taxation will need professional advice and support if they are to optimise their tax position and ensure they meet all the compliance requirements.
Every pound of income tax you save means more money in your pocket. A well executed plan for the disposal of assets means minimal loss of capital gains, and the greater the inheritance tax saving, the greater the benefit for your beneficiaries.
The way in which your personal and company affairs are structured can have a massive impact on the amount of tax you pay. We will develop personalized tax planning strategy for you which will ensure that you pay the least possible amount of tax.
Areas in which we can help you save tax
From the accurate completion of your tax return to the maximisation of your allowances and reliefs from your earnings, we are here to help.
If you own valuable items and at some point you decide to sell them you may need to pay Capital Gains Tax (CGT). This is a complex area requiring detailed calculations. We will take care of this for you and establish if the asset is tax – exempt.
Inheritance tax (IHT)
Without careful planning you could end up leaving it all to the tax man! We will ensure the tax man doesn’t get his hands on a sizeable proportion of your estate.
If you are doing business or planning to live abroad, or coming to the UK to run a start a business or live here, we can help you save non UK tax as well as UK tax.