Tax Planning

Are you paying too much tax?

No-one likes paying more tax than they have to. And for both businesses and individuals, tax is a cost which, like any other cost, should be minimised wherever possible. At the most basic level there are several simple planning actions you can take to start saving tax, yet most people aren’t aware of them. Entrust your tax affairs to Burgis & Bullock and you’ll only pay the absolute minimum, but still comply with all the necessary requirements to keep you on the right side of HMRC.

The UK tax system is complex and subject to constant change. We offer proactive tax planning strategies for many SMEs, corporates and high net worth individuals.

There is a wide range of reliefs and provisions that are available to legitimately reduce a tax liability without straying into the contentious area of tax avoidance.

Our personal and corporate tax services include:

Business tax planning
Whether you are starting in business for the first time, running an established business or planning a sale or retirement, there are always many tax issues for you to consider. Typical business tax planning includes:

  • Determining the most tax-effective structure for your business
  • Taking full advantage of tax opportunities and reliefs
  • Achieving the optimum capital or revenue tax treatment
  • Reducing tax on disposals and maximising relief on acquisitions
  • Making the most of tax opportunities specific to your industry
  • Acting on your behalf in discussions with the tax authorities

Employee benefits
If you don’t understand all the tax implications of employee benefits, you’ll need help in reducing the burden of the compliance tasks and in planning tax-efficient remuneration packages for your workers.

Trust and estate planning
Careful advance planning will help you reduce the overall tax burden.

Inheritance Tax planning
A considerate review of your total wealth and structuring including tax efficient wills to ensure the maximum amount possible is passed to the next generation.

Capital Gains planning
Identifying tax saving opportunities, maximising reliefs and exemptions for anyone intending to sell a capital asset (property, business shares etc.)

Research & Development Tax Relief
A detailed analysis of your business expenditure makes sure you benefit from the 225% deductions available on R&D claims.

Capital Allowances
A review of your business property identifies any ‘hidden’ tax claims, the possibilities of claiming enhanced allowances and the potential to generate a tax rebate and minimise your future liabilities.

Acquisition, sale and reorganisation
Our advice includes a wide range of manoeuvres and planning steps to realise gains and maximise the retention of capital (net of taxation) from significant transactions which arise or that we may recommend.

Our deal advisory work includes a particular specialism in succession planning. Family and MBO successions typically involve wider personal and political issues than those arising on a trade sale.

HM Revenue & Customs Investigations
If you are unfortunate enough to be the subject of a tax investigation by HM Revenue & Customs, it can be a stressful and worrying experience. Revenue staff can now review cases on a ‘sample basis’; consequently, tax investigations have become more frequent. If you are about to be investigated, you’ll benefit from professional help and support. For a small annual premium, you’ll receive cover for all professional fees in the event of an enquiry.

Whether you’re concerned about your tax affairs, thinking about protecting your family or business assets, looking for a trusted advisor to help you, or just interested in finding out a little more about us, our friendly team are ready to work with you. Click here and we will be happy to arrange a free, no-obligation meeting.

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