Tax consultancy

Ensure you get the right financial advice on your tax today, Finance Equation are Chartered Certified Accountants and an ACCA registered firm. We offer a comprehensive tax consultancy service for individuals, company owner and investors.

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Tax Consultancy Accountants

Tax is a business expense just like any other so it’s important to look at all legal avenues to reduce your tax position. Planning ahead is often an essential step to reduce taxes. This allows you to make sure you have the correct business structure. This will help you to reduce your overall tax exposure, by doing so you increase your business cash flow. This cash can be used to reinvest in your business for growth. Or you can, of course, take the cash for yourself to spend as you please.

Tax consultancy services will look at how the various taxes interact with each other to affect your overall tax position and then look to reduce your total tax bill. There are a number of taxes to consider when you do business like VAT, corporation tax, income tax, capital gains tax and inheritance tax. Sometimes it really does feel that HMRC are out to get you. There are many scare stories of people that have been hammered by HMRC.  Every year there is often a lot of change in the area of tax. So it’s important that you keep on top of these changes and understand how they affect you. Appointing an expert tax consultancy to look at the changes for you will likely give you an advantage.

For property investors Clause 24 in the 2015 budget statement, by Chancellor George Osbourne, continues to have major ramifications for property investors. Those holding residential property in their personal names are set to have their payment to HMRC increase substantially. This is definitely the case if you are a 40% taxpayer. If you are currently a 20% taxpayer, the impact of Clause 24 could even mean you become a 40% taxpayer. Tax consultancy accountants will look for all legal ways supported by case law and statute that allow you to sidestep the effects of clause 24.

Entrepreneurs who run their business via a limited company will need to consider the best way to take money from their company for personal use. To find the best way you always have to crunch the numbers to see what gives you the best cash position after tax. All business owners, no matter the business structure, will at some point consider retirement or some other exit strategy. These strategies will have tax capital gains tax and possibly inheritance tax implications which will affect your overall cash position after tax.

If your business means you trade internationally you will likely have to deal with complex VAT regulations. If you don’t manage this properly it could eat into your profits and cash flow.

No matter how you structure your business there are ways to reduce your tax bill. HMRC even try to help you by issuing Extra Statutory Concessions. These ESC rules give you reliefs over and above that given in law. At the Finance Equation we proactively look at ways to help you reduce your overall liability.