Service
Tax planning for businesses and business owners
Legitimate, well-documented planning across profit extraction, capital investment, pensions, property and succession.
Overview
Tax Planning explained
Good tax planning is unglamorous. It is about using the reliefs Parliament intended, in the right order, at the right time — not about schemes. Done consistently over years it makes a substantial difference; done reactively in March it rarely does.
We look at the company and the people who own it together, because the efficient answer for the business is not always the efficient answer for the household.
Benefits
What you get from it
Extraction reviewed annually
The optimal salary, dividend and pension mix moves with thresholds and profit levels. It should be checked every year.
Timing used properly
Accelerating capital expenditure, deferring income or bringing a dividend forward can change the effective rate materially.
Household view
Spousal allowances, joint property ownership and pension contributions across a couple are frequently underused.
Documented positions
Every recommendation is set out in writing with the reasoning, so it stands up if it is ever questioned.
Included
What the service covers
- Annual remuneration and dividend planning review
- Pension contribution and annual allowance analysis
- Capital allowances and asset purchase timing
- Company structure and associated company review
- Capital Gains Tax planning, including Business Asset Disposal Relief
- Inheritance Tax and Business Property Relief considerations
- Property ownership structure review
- A written plan with actions and deadlines
Problems solved
Issues we see most often
Planning left until March
Most useful actions need to happen before the year end or the tax year end, not after.
Company and personal treated separately
Optimising one in isolation frequently costs more in the other.
Reliefs assumed rather than checked
Business Asset Disposal Relief and Business Property Relief both have conditions that need to be satisfied well in advance.
Process
How we deliver it
- 01
Fact find
Business figures, personal income, property, pensions and objectives gathered in one place.
- 02
Modelling
We model realistic scenarios rather than presenting a single theoretical optimum.
- 03
Recommendations
A written plan with the benefit, the cost, the risk and the deadline for each action.
- 04
Implementation
We handle the filings, board minutes and documentation required to put it in place.
- 05
Annual review
Revisited each year against changes in the business, the law and your plans.
Local
In Scunthorpe and North Lincolnshire
A great many Scunthorpe businesses are family-owned and approaching a generational change. Succession and Business Property Relief planning works best when it starts several years before anyone intends to step back.
FAQs
Tax Planning questions
No. We use statutory reliefs and allowances as they were intended — pensions, capital allowances, spousal transfers, appropriate structuring. We do not promote or implement contrived arrangements or marketed schemes.
Enquire
Talk to us about tax planning
Send a few details and we will come back to you with what we would do and what it would cost.
Related services
Services that work alongside this
- Year-End AccountsStatutory accounts prepared early, filed correctly at Companies House and explained in a meeting rather than an email.
- Corporation TaxComputations and CT600 filing, with the reliefs, allowances and extraction strategy reviewed before the return is submitted.
- Self Assessment Tax ReturnsReturns prepared and filed for sole traders, directors, landlords and higher earners — early, accurate and with the reliefs claimed.
- Business AdvisoryPractical commercial support: forecasting, funding, pricing, growth planning and preparing a business for sale or succession.
Related industries
Businesses we work with
- LandlordsRental accounts, the finance cost restriction, allowable expenses and disposal planning for property investors.
- PropertyDevelopers, investors and property companies — structure, VAT on development, appraisals and funding.
- Limited CompaniesEverything a Scunthorpe limited company needs — accounts, tax, payroll, VAT and director planning in one place.
- Professional ServicesConsultancies, agencies and practices — utilisation, work in progress, partner drawings and extraction.