A major question that our tax professionals can answer is one that is most often posed.  What can a business owner do to lower their tax bills in the UK?  There are options to reduce that risk.  One option to peruse is whether it makes financial sense for you as the owner to take a salary or to take dividends.  Dividends offer a distinct cash flow benefit for businesss.  The key is to determine how to receive funds from your company in the most tax efficient way.  There are governmental restrictions that have been enacted.  Let our tax professionals lead you through the numerous changes. 

Another tax question that you may have is how to structure your business.  A limited liability company may allow your company to save tens of thousands of pounds in tax and national insurance.  Another option is to set up your company with your spouse or partner.  The income will be split which usually results in a lower tax bill. 

There is risk of double taxation in the UK.  Our tax professional can advise how to reduce that liability.  In appropriate, a reprieve can be had in the form of expensing.  This allows the overseas tax to be treated as a deductible expense on your taxes.

The UK has stringent tax laws regarding companies in a group.  The UK does not sanction tax consolidation.  That is, companies is a group cannot be taxed as a single entity.  A possible form of relief is a form of loss relief call “group relief’.

Our tax professionals can help with all your tax inquiries.