Whatever the size of your business and your development portfolio, we can help. With expertise spanning both residential and commercial projects, we understand all the issues you face – from accounting and finance to tax and business structure, and can help you plan and avoid the pitfalls.
Whether your practice is in its early days, growing to maturity, or ready for disposal as part of your retirement plan, we will provide advice that helps to put more money in your pocket:
As well as preparing the full range of statutory and management accounts, we offer a portfolio of advisory and planning services designed to help you prepare for future tax liabilities and mitigate them where possible. For statutory compliance, we can help as necessary with a thorough and insightful audit programme and the preparation of tax returns. Payroll services complete our offering.
We help you comply with all your tax obligations, including VAT, mitigating liability where possible.
- Business Planning
Business owners welcome the way we advise them on critical issues such as succession planning, employee incentives and rewards, and taking the business public.
Working with our colleagues in the Hazlewoods Corporate Finance team, we can help you to expand your business or sell it. We can advise in areas such as acquisitions and disposals, share valuations, goodwill valuations and due diligence. We can also advise you during negotiations for sale or acquisition, and can help to prepare your business for sale.
Income tax, Corporation Tax, PAYE, National Insurance, VAT and Stamp Duty Land Tax all impact your practice. A prudent structure is an important first step in mitigating liability. Thereafter, we can help you further to reduce your exposure:
- Sole Traders
If you currently trade as an individual or in a partnership, you will be taxed on your share of the profits, regardless of your cash needs. With the new rate of 50% applying to taxable income over £150,000, you may need to consider your alternatives, including aggressive tax mitigation plans. Even some simple structure planning and timing of certain expenditure can make a big difference.
- Going public
The decision whether to float your business will depend on your personal circumstances, but savings could be achieved. If you decide to trade as a company, you need to ensure that you structure your income as efficiently as possible. There are more ways to pay yourself than via a salary, and we can help you to look at all the options available.
- Corporation Tax
If you have a corporate or group structure, aggressive Corporation Tax planning opportunities may be available. Even some simple restructuring, and changing the timing of expenditure, can improve your position. For every practice, we can review your structure and show you how you can reduce your exposure to Corporation Tax.