Tax planning
Many things in life are unexpected... but tax is constant and as such we can plan how to deal with it.
Many decisions you make in business will have an effect on tax. We can look at what you are planning to do in the business and in your personal life and identify any sensitive issues that may require tax planning.
Anything from selling an asset and transferring shares, to increasing your earnings or exiting the business, all have possible consequences that will require tax planning.
We find out what is happening in your world and what sort of things you expect to happen in the coming years. Then we will formulate a plan to achieve your goals whilst minimising the tax.
Frequently Asked Questions about tax planning
Tax planning is the process of structuring your income, expenses, and business decisions in a way that minimises your tax liability while staying fully compliant with HMRC rules.
Because creative businesses often have irregular income, project cycles, and mixed revenue streams, proactive planning can reduce surprise liabilities and improve cashflow.
You should start as early in the financial year as possible to take advantage of allowances and timing strategies.
We look at profit extraction methods, timing of income, allowable expenses, pension contributions, use of tax reliefs, and structuring options to optimise your tax position.
Yes! We advise on the most tax-efficient mix of salary, dividends, pension contributions, and retained profits to suit your business goals.
Tax planning increases efficiency and often reduces tax, but the exact impact depends on your circumstances and timing of planning actions.
At minimum annually, but we recommend quarterly or mid-year reviews to adjust strategy as your business evolves.
We typically ask for recent accounts, current projections, expected income streams, and details of any planned capital spend or business changes.