Pierce Business Advisory and Accountancy Group

Business Tax Planning Accountants

There are times when only a true specialist will do. In the complex and ever-changing world of tax, your adviser needs to be up-to-date, knowledgeable, widely experienced and focused on the issues which matter.

Our renowned team of tax experts provide first-class tax advice to business owners and individuals across the North West. With dedicated expert practitioners, each working in a specialised area of taxation, our service has enviable strength and depth.

A structured approach to taxation is fundamental to the success of any business. A specialist tax planning accounting firm based in Lancashire, our comprehensive service is based on over 90 years’ experience of guiding individuals and businesses through the maze of tax legislation.

Business Structure

We can review whether your business structure is appropriate both for the short or longer term.  In doing so, we carefully consider both the commercial and tax issues relevant to your business.

Remuneration

Remuneration Planning

The aim of remuneration planning is to produce the most income in the most tax-efficient manner however this is not always as easy as it sounds as there is a wealth of anti-avoidance legislation to negotiate where sophisticated planning is contemplated.

Most OMB's will have the option to choose between salary and dividends and most remuneration packages will contain elements of both. Pension contributions, health insurance, life cover, company cars and other benefits also have a place in planning particularly if a car is a low emission vehicle with a low benefit in kind tax charge.

Remuneration planning for employees may have a slightly different emphasis as the purpose could be to recruit or retain staff or simply to improve morale but again it should be done in the most efficient manner for the business.

Inheritance Tax Planning

There is more to inheritance tax planning than tax! We prefer to take a more holistic approach to tax planning and will spend time with you to gain a good understanding of your wishes, your family relationships together with your income and capital needs in retirement.

Only then would we make any recommendations in respect of steps that you can take to reduce your exposure to Inheritance Tax. This could include lifetime gifts and the use of trusts and family investment companies.

Capital Gains Tax Planning

In an ideal world Capital Gains Tax planning should always be carried out before the disposal, not after. We like to stay close to our clients to enable us to spot opportunities for planning which can be as straightforward as recommending the transfer of an asset into joint names before the sale.

Planning for business sales is important and we can advise you on both asset and shares sales and ensure that the conditions are met to enable a successful Entrepreneurs’ Relief claim to be made.

The Capital Gains Tax exemption for the disposal of a private residence offers planning opportunities and we can also advise on non-residence issues.

Where planning has not been carried out, prior to the disposal, there are still options that we can recommend to you.  It is possible to reduce your liabilities by deferring the gain into an investment under the Enterprise Investment Scheme.

Overseas Tax Planning

We are able to provide tax planning advice to individuals who are, or are contemplating, becoming non-UK resident or non-UK domiciled.

Free, No Obligation Initial Consultation

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