Tax legislation in the UK is complex and constantly changing, and whether you are in business, in employment or retired, opportunities may exist to legitimately mitigate your tax liabilities.
In business:
If you are a sole trader, a partner, or member of an LLP, you will be subject to income tax and class 4 national insurance on the profit (or share of profit) arising in the accounts ending in each tax year. Under current legislation, trading in any one of these forms may not be the most tax efficient structure for your business.
There will naturally be a number of factors to consider in relation to the structure your business takes. We can assist with a review of this area.
We also assist business clients to ensure that they maximise opportunities available to them. This will include
In employment or retirement:
Typically, but not exclusively, clients requiring assistance will be high earning employees or directors, or retired high net worth individuals, or those with substantial investment income.
We have extensive experience in assisting personal tax clients to plan their affairs effectively in order to minimise income tax liabilities. This will inevitably require consideration of capital gains tax and inheritance tax issues, as well as general financial planning matters. Certain areas of our work may be performed in conjunction with financial advisers.
If you require advice or would like to discuss how we might assist you, please contact us.
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