Tax Planning
Nobody likes paying more tax than they have to. For businesses, tax is a cost which like any other cost should be minimised wherever possible.
Tax Minimiser
At the most basic level there are several simple planning actions you can take to start saving tax yet we still come across many businesses that are not aware of these easy to implement procedures.
We cover these and much more in our tax minimiser service.....
- Pre year end tax forecast and reduction techniques
- Owner/managers remuneration planning
- Tax risks assessment
- Tax investigation management
- PAYE/VAT compliance checks
Advanced Tax Strategies
At the other end of the spectrum we have been saving tax for our clients through sophisticated tax planning and tax avoidance for over 5 years and you could benefit too. For example:
Remuneration Planning
We can help you plan tax efficient remuneration for directors and key employees, resulting in little or no tax. With income tax rates of up to 50% (and a marginal rate of 60% on earnings between £100,000 and £113,000) the tax savings can be significant. If you or any of your employees earn more than around £55,000pa (through salary or dividends) then call us to find out how to pay tax at an effective rate of only 20%, no matter how high your earnings are.
We have similar strategies for the below:
- Extracting current year profits whilst lowering the company's tax liability
- Extracting profits previously left in your company to avoid triggering the tax
- Writing off an outstanding loan to you from your company
- Preserving self employed status for any subcontractors earning £50k+
- An alternative to dividends when your profit reserves are too low
- Avoiding Stamp Duty on property purchased
- Using business cash reserves to acquire and protect assets
- Inheritance tax mitigation
- Research and Development tax credits you thought were out of reach
- Using your pension fund as a source of loan funding.
To discuss any of our tax planning strategies further please contact
01530 833474 or email info@marlow-proactive.co.uk.
