Business Owners

Income tax planning

Profit extraction

Once you have established a successful business, you will need advice on how to extract your profit with the minimal tax liability. By considering all aspects of the company’s activity, we can advise on how best to extract profits, looking at areas such as dividends, bonuses, pension contributions, share options, company purchase of own shares and even formal winding up procedures in some cases.

Remuneration strategies

While you are concentrating on running your business successfully, you need to be sure that you are paying yourself and your staff in a tax efficient way. We can advise on a number of strategies, including salary, bonus, dividend, benefits in kind and share options.

Partnerships to limited companies

As businesses grow, it becomes increasingly important to consider the need for incorporation to protect against claims, to attract finance and to be a greater force in the market place. We can advise on all aspects of the process of incorporation, including the valuation of the business and the availability of tax reliefs, to ensure that the best result is achieved.

For further information please contact Mark Sheen.