Should your accountant save you tax?
We say, yes, they should, but within the law. At Seagrave French Accountants and Business Advisers we want our clients not only to pay the taxes they should and not a penny more but also to be able to sleep at night.
So, we created our 144-point tax return checklist to take advantage of every trick when legally saving business owners’ tax.
This ensures that we consistently look at our client’s total tax position and identify any areas for improvement.
So, what is included on the checklist?
Here are a few highlights
We look at the way our clients pay themselves and whether there are better ways, and whether their families are utilising the available allowances.
Does our client have their vehicles structured in the best way from a tax point of view? Which fuel type is best, and are there alternative tax-saving strategies?
Do our business clients claim for all the expenditures they are entitled to from a tax point of view? Many businesses underclaim their allowances, and we make sure they take advantage of all available reliefs.
Timing is critical when it comes to capital expenditure – clients should be reviewing their long-term capex plans so that they can maximise any tax benefits.
There are also hidden tax reliefs available.
Pensions are a great way to save for the future and save tax, and these days there are far more options than there used to be.
Specific HMRC schemes allow tax claims to be made for more than the amounts spent.
Directors and Employee Benefits
There are scores of ways to pay Directors and Employees where they don’t pay tax, but the business can claim a tax deduction.
We have structures that allow businesses to make investments in the owners’ name without extracting the funds and paying taxes. This works well for business owners looking to invest in property out of company profits.
Share Option Schemes
If you want to incentivise your employees without landing them with a tax bill, we can help.
Personal Tax Planning
Making sure that our clients take advantage of all available tax allowances for their investments and reduce the amount of inheritance tax or capital gains tax.
We offer a free meeting for clients to sit down and run through this checklist.
Click to arrange your meeting today.