Business Tax Strategies

Incorporate your business – with income tax rates rising and corporation tax rates falling now is a good time to revisit this issue.

Best way to take money out of your business? And there are a few choices – loans, salary, dividends, share buy backs.

Effective employee tax incentives – for instance share options, EMI schemes, company cars and pensions.

Plan to reduce your tax – If you pay no tax there’s no planning required. However, the more tax you pay the more resource you should be investing in targeted tax planning.

Making the most of tax allowances when you acquire business assets – this could include plant and equipment and commercial property.

Are you eligible for Research & Development Relief? If you fund your own R & D you may well qualify. In some cases relief can be surrendered for a cash payment from HMRC.  

Who’s going to run your business when you retire? Succession planning should not be left to the last minute. 

If you would like to discuss any of the above then please call us on 0114 250 7150 or email This e-mail address is being protected from spambots. You need JavaScript enabled to view it