Top tax planning tips for businesses
Are you making the most of tax reliefs and allowances to make your business as tax efficient as possible? We outline areas for consideration:
Business structuring for tax efficiency
The decision to have a Limited Company, LLP, Partnership or Sole Trader has commercial and tax implications for your business. It is also wise to manage your succession planning to avoid costly pitfalls. Adapt your expenses claims and dividends to achieve maximum cash flow advantages and consider two Enterprise Investment Schemes that offer ways to raise finance.
Are you making the most of pension contributions for employees and have you considered tax-efficient share option schemes?
Allowances and Reliefs
Make sure you’re up to speed on Capital Allowances, Business Property Relief, Entrepreneurs’ Relief, Loss Relief and Research & Development Tax Credits that may be relevant for your business.
Want to find out more? Read our full article here.