Finding Your Feet

Tax planning

Tax is a complicated area and carries penalties if not planned correctly. However, a little wise forward thinking can go a long way, particularly in avoiding unnecessary charges.

To tax plan effectively, your business will need to be structured correctly from the start, and also upon sale or cessation. While you are trading, you will need to undertake annual reviews to take into account not only changes to your business, but changes in tax legislation.

Harris Lipman carries out your annual tax review with the objective of reducing your tax liability – this could be via employee benefit trusts, advice on company car schemes and related emissions tax, or pensions and dividends structuring.

If you are selling your business, there are many points to consider, including the most tax-efficient exit route and possible reinvestment of proceeds in order to defer tax, if appropriate. Harris Lipman can advise on the most efficient methods.

For more information on how Harris Lipman can help, please email mail@harris-lipman.co.uk or call (020) 8446 9000.

 

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