TAX SAVING ADVICE

Innovative tax planning for profitable businesses and successful people. 

It's not what you earn that counts - it's how much you keep.

Tax saving planning with a personal touch

Because we’re a people orientated business, we understand that every successful individual wants the absolute best for themselves and those closest to them. It’s just one of the reasons that everything we do is personal. When you’re happy and enjoying the fruits of your success, we know we’ve done a good job too.

Honesty, expertise and transparency

Because we’re an ethical organisation, we feel it’s important to point out that although the rewards of effective tax planning can be great, as with all things in life, there’s also a flipside.

All tax planning planning carry a certain amount of risk. Many of our more advanced tax planning planning may result in a tax enquiry or legal challenge. It is your decision whether to proceed with the scheme having evaluated the risks, benefits and alternatives. But as always, you can always consult us before you decide what’s best for you, and you can always count on us to be totally honest and transparent.

What you can expect from us

When you consult with Small Biz Accounts, you will receive the personal attention from a dedicated team. Whether it is sophisticated tax planning, mitigation or simply a fresh approach to the financial side of your personal affairs, you will always find we are able to give constructive, cost effective and helpful advice. Small Biz Accounts believes in adding value by working in partnership with you.

The bottom line

However long you’ve been in business, it’s important to realise that the Government is always one step ahead. Tax legislation changes at an astonishing rate. If, like most successful individuals, you’re busy doing what you do best, you won’t necessarily have the time to keep on top of tax breaks and new tax rules.

So when you want to capitalise on your success and hold on to more of your hard earned money, it’s essential that you have a plan. That’s where we come in. Our experts specialise in turning difficult siutations to your financial advantage.

We can help you to:

• Shelter your personal wealth and plan strategically for your future;
• Ensure that you never pay more than is legally essential – whether that relates to you personal earnings, the financial security of your assets or future pledges for your family’s security;
• Maximise time sensitive tax break incentives that can add real measurable value to your future wealth and that of those closest to you;

TAX is one of the largest barriers to generating personal and business wealth

It's crucial that you regularly review your tax strategy so you can plan to maximise returns in the long term. This is especially important if your circumstances change or when tax rules change (which is always).

Small Biz Accounts offers solutions that benefit clients facing the following tax challenges. This list is by no means exhaustive and the planning is continually evolving so please contact us for the latest updates.

Corporate Tax Planning

• Companies with profits in excess of £100K who want to reward their directors/employers whilst minimising their corporation tax;

• Companies wishing to liberate excess cash/assets from a business without impacting inheritance tax planning and lifetime charges;

• Companies who want to protect profits relating to money-spinning new products/services;

• Enhanced capital allowances enable you claim 20% to 30% of the cost of a commercial property purchased in the last 15 years; and,

• A strategy that eliminates commercial stamp duty for purchases of commercial properties in excess of £250K.

Personal Tax Planning

• Anyone with a pension fund of £250K who wants to release under performing funds to generate higher annual income.

• High income earners (e.g. £70K + pa) with income from employed, self-employed, rental income or any source who want to minimise their personal tax liability;

• An excluded property strategy designed to protect an individual’s estate (including principal private residence) from Inheritance Tax and Care Home Fees, where the value of assets being sheltered is in excess of £500K;

• A strategy that eliminates residential stamp duty for purchases of residential property in excess of £250K;

• Agencies with contractors and individual contractors with earnings in excess of £50K pa who are at risk from IR35.

For your peace of mind, some tax planning strategies have a fee protection option whilst others have a “no-win, no-fee” clause.

So wherever you are, call us now on 0845 652 5220 and talk to us, or go to our contact page.