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How To Create A Tax Plan That Will Make Authorities Impressed

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Tax Planning Services

Corporate Tax Planning

Corporate tax regulations are complicated and change all the time. Proactive tax preparation is critical for reducing your company’s tax liability. Our tax specialists are highly qualified, commercially minded, and experienced in reducing tax bills, so you can rest assured that you are in good hands.

Pearl Lemon Accountants offer a full corporate tax compliance service to ensure that your company is set up in the most tax-effective way possible and that your corporation tax liabilities are kept to a minimum.

Our tax experts make the most of the tax allowances and tax reliefs that are available to you, as well as industry-specific tax benefits. Our expert tax consultants also provide you with piece of mind by ensuring that all business tax returns are fully HMRC compliant and filed appropriately, avoiding any potential fines.

We provide a company tax review to assist you in making the most of your resources. This in-depth analysis evaluates your existing situation and suggests the most efficient arrangement for your company’s future operations. Our skilled consultants are frequently able to identify tax techniques that have previously gone unnoticed, resulting in large savings.

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We can advise you on the most cost-effective tax structure for disposals or purchases, as well as represent you in any negotiations with the tax authorities. We can also advise you on capital allowances and capital gains tax, both of which are effective strategies to decrease your tax cost with careful planning.

Pearl Lemon Accountants can even assist with Research and Development tax relief claims because we have vast experience in the industry. We have successfully submitted many R & D tax relief claims for our customers, typically resulting in thousands of pounds in refunds.

Personal Tax Planning

The growing complexity of the tax system is something we see as an opportunity rather than a headache. We provide a professional tax personal planning service to help you optimize your tax situation while ensuring that you comply with all legal requirements.

We are knowledgeable and skilled tax consultants who can assist you with a wide range of tax issues. For example

General Income Tax

Every penny saved on income tax goes directly into your wallet.

Tax Advice for the Self Employed - Never pay more than you need to in tax while still meeting the ever changing tax guidelines for those who choose to work for themselves.

Capital Gains Tax

Every claim for a deduction allows you to gain from the sale of your personal assets.

Inheritance tax

Each exemption allows you to leave more of your hard-earned money to the people you care about.

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FAQs

In tax planning, the goal is to pay the lowest amount possible. We do that by analysing your finances and creating a solid financial plan tailored to your needs. 

Tax preparation is something you do before the filing of your taxes. In contrast, tax planning is the process of analysis of the financial situation and creating a financial plan that will optimise the tax situation you’re involved in. 

The amount you’ll pay for tax planning all depends on the tax savings you’ll experience. However, on average, plan for about 30% of the overall tax savings.

There are a few benefits to tax planning. However, the biggest one is the savings on taxes that you’ll experience while still being in accordance with the tax regulations and legal responsibility established by HMRC.

If you want to start tax planning yourself, we recommend that you start by developing a filing system and understanding the tax deductions’ requirements.

Despite being able to do a tax plan yourself, having an expert in your corner that can help guide you can be very beneficial. 

If you would like more detailed information, feel free to book a call with our experts.

There are three types of tax planning in the UK: planning for income tax, capital gains tax, and inheritance tax.

Have any Questions?
Contact us today to find out more about how we can help
with personal tax and/or corporate tax planning.