Corporate tax

Whether you are a sole trader, partnership or company, we have the expertise to advise on all tax matters affecting your business, from advising on your taxable profits to the tax implications of a particular course of action. Our strategic tax advice ensures the best fit for your business taking into account your plans and aspirations.

Tax planning

Recent years have seen a clear change of stance in public attitudes towards tax planning, with tax authorities drawing an ever-more restrictive line between what is acceptable or permissible, and what is not. In an increasingly complex and challenging business environment, and a rapidly changing world, it can be difficult for businesses to understand the opportunities available and to stay within the rules.

Our approach has always been that understanding the business objectives of our clients is the starting point. Developing a tax efficient business strategy follows and our team of tax specialists have experience as individuals of working with businesses from smaller family-owned concerns up to larger listed or private equity or venture capital backed corporate concerns.

What we do

Despite the changed tax planning environment many opportunities still exist for businesses to plan strategically to minimise tax exposure. We can look at:

Ownership structure – ensuring that business ownership is structured so that the objectives of owners and management teams are met, and disposal tax reliefs such as business asset disposal relief and the substantial shareholdings exemption are maximised.

Profit extraction – considering how profits will be extracted for the benefit of owners and management teams at the minimum tax cost.

Trading internationally – ensuring that the most tax effective business structures are established to manage tax liabilities in other jurisdictions as businesses expand internationally. This would include managing import/export processes post-Brexit where goods are moved across borders.

International expansion 

Indirect tax costs – ensuring that the recovery of UK and overseas VAT can be maximised and loss of input tax minimised.

Link to Indirect page

Employee participation – considering whether tax efficient employee participation can assist the retention and motivation of key individuals.

Management incentivisation 

M&A transactions – ensuring that the optimum after tax result can be obtained on an exit, fund-raising or business restructuring.

 

R & D Innovation tax reliefs

R&D is one of the most lucrative tax reliefs promoted by the UK government. It rewards companies who invest their resources into developing new or improved products, systems, and services, which seek to appreciably improve existing knowledge or technology within their field.

Research & Development tax reliefs    

Innovation tax reliefs    

 

Capital allowances

Capital allowances are a valuable tax relief available to businesses on their capital spend. With the rates of relief varying from the 100% to as low as 3% it can often be tricky to determine which allowances should be claimed, particularly when we also throw temporary changes such as ‘Super Deduction’ into the mix.

Find out more

 

Structure & growth of your business

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Corporate restructuring & re-organisations    

Business sale, merger & acquisition    

International expansion    

 

Annual compliance

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IR35 Off payroll working rules    

Non-resident landlord scheme    

Annual Tax on Enveloped Dwellings    

Employment Related Securities    

Corporation Tax    

 

Employee share schemes

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Find out more

Get in touch for specialist, confidential help and advice

James Fraser

James Fraser

  Tax partner

  01132 211330

Get in touch with our team

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