If you are part of an expanding business, you will no doubt be aware that organic growth can only take you so far.
The next step in your plans may be to snap up a smaller company, merge with a competitor or ambitiously buy out a larger rival. Our team can work with you to:
While it is often left until after takeover deals have been signed and sealed, integration can make or break an acquisition. Understanding what value your company can gain from an acquisition early on in the process will help in pricing the company correctly and indicating areas which need to be planned during the process.
Spanish Resident or non Resident Tax?
Where do I pay my Income Tax? Where is cheaper, Spain or UK?
Personal tax planning primarily seeks to cancel, reduce or defer your liability to:
Sometimes planning may impact on more than one of these at a time. A tactical transfer of assets to a spouse or use of trusts, for example, can increase tax relief available and reduce overall liability. Also planning on the timing of sale of assets may provide additional taper relief and reduce capital gains tax.
Self employed or limited company? Income Tax or Corporate Tax? While tax considerations shouldn’t dominate your business plan, their significance must not be underestimated. Failure to plan and mitigate for them wherever possible, can leave your company unnecessarily hindered or facing unforeseen challenges. We can advise on the most appropriate vehicle for your business whether it be sole trader, partnership, limited liability partnership or limited company.
As the business grows and becomes more profitable we will then tackle the new tax challenges that you face. How can you efficiently extract profit? How can employees be remunerated efficiently given the cost of National Insurance Contributions? What will be the tax implications of a landmark transaction you are set to make? We will alleviate these and any other tax-related concerns through invaluable advice and expert execution of our proven methods.
Before the end of your accounting period we will also look at the opportunities for mitigating the tax liability by taking swift action. As your business develops you may need to re-structure to help the enterprise move forward. These changes could be triggered by acquisitions, new product lines or segregating non-core parts of the business prior to disposal.
They could also have profound effects on the tax liability of the business and careful planning will be necessary to avoid the pitfalls.
Inheritance tax planning has become an issue for many couples whose only asset is their main residence. Although there are many generous relief schemes to help pass on business assets to your intended beneficiaries, if the business is sold on retirement, this can create a significant inheritance tax problem and prove very expensive.
Anti-avoidance legislation introduced over recent years, including the pre-owned assets charge, means planning must be carefully structured to mitigate inheritance tax without creating income tax charges during life. There are still a number of effective solutions to mitigate exposure to inheritance tax currently, including lifetime giving, tax efficient wills, utilization of reliefs and the use of trusts.
Given the turbulent nature of stock markets in recent years, many investors still see property as a way of increasing their wealth. Although a great number of people achieve this successfully, we recommend objective advice on how the equalization should be structured in terms of:
There are often substantial tax advantages by choosing the most appropriate vehicle and in conjunction with our investment department, we can advise on the right choice for you.
We operate as a bookkeeping service provider aimed at the busy small owner/ manager, sole trader, limited companies, charity or specific profession e.g. Dentist, Architect, singers etc.
Unlike some companies that you may come across, we are not an agency. We are qualified book keepers and get involved with doing the bookkeeping work, so we all know and understand your problem.
You just send in your stuff to us, we’ll process it in our office and then send it back to you.
