We help clients, both individuals and businesses, to reduce their taxable profits and/or chargeable gains.
Reducing your tax bill legally is known as tax planning or tax avoidance. It means claiming the allowances and exemptions to which you are legally entitled in order to reduce your tax bill. Everyone who claims the annual free pay income tax allowance is lawfully using tax avoidance by claiming an allowance to which they are legally entitled.
Avoidance should not be confused with Tax Evasion, which involves the use of illegal and usually aggressive methods to hide taxable income – e.g. hiding funds in an offshore bank account.
We help clients, both individuals and businesses, to reduce their taxable profits and / or chargeable gains.
A very popular current avoidance method for limited company businesses whose shareholders are also directors (most SME private companies) is to take remuneration by way of dividend rather than by way of salary or bonus, although recent proposals in summer 2015 Budget have reduced the savings that can be made.
We are skilled and knowledgeable in all the taxes: Income Tax, Capital Gains Tax, Inheritance Tax, VAT. If the matter is contentious and complex we have access to leading specialists and tax counsel.