Tax Advice & Planning
Save More with Smart Tax Strategies
While HM Revenue & Customs (HMRC) provides helplines for general inquiries, their representatives do not offer guidance on how to structure your finances to reduce your tax burden.
If you’re aiming to reduce your tax liability without getting caught up in complex legislation, it’s best to consult a professional. Our team offers tax planning reviews tailored to your circumstances, helping ensure you pay only the tax required by law—no more, no less.
Whatever your tax planning goals may be, we’re here to help you find the right strategy that suits your unique situation. Get in touch today, especially if you want advice specific to your industry.
Below are some general tips and strategies that could help you make the most of your tax-saving opportunities.
R&D Tax Credits
Research and Development (R&D) tax relief is available for companies working on innovative scientific or technological projects. Even if the project doesn’t succeed, you may still be eligible for a Corporation Tax reduction, provided your project meets HMRC’s criteria for R&D.
Want to explore if you qualify? Contact our specialists for a detailed assessment.
SEIS & EIS Tax Relief Schemes
SEIS (Seed Enterprise Investment Scheme)
This scheme is designed to help start-ups raise funding by offering investors tax incentives when they purchase shares in your company.
EIS (Enterprise Investment Scheme)
Aimed at growing businesses, EIS also offers tax benefits to investors but is targeted at companies that are a little further along in their journey.
Eligibility Criteria:
Shares must be ordinary, fully paid in cash, non-redeemable, and not grant any special rights over company assets.
Your business must demonstrate genuine risk to investors and that the investment will be used for growth and development.
Investment Limits:
SEIS: Up to £150,000 total (including any previous state aid over the past 3 years).
EIS: Up to £5 million annually, with a lifetime maximum of £12 million. (Extended limits apply for knowledge-intensive businesses.)
To maintain tax relief, you must follow the scheme’s rules for at least three years post-investment.
Advance Assurance & Compliance:
We can help you apply for HMRC’s Advance Assurance and assist in preparing the necessary compliance statements. Our team has a strong record of crafting successful applications, especially with the important “risk-to-capital” narrative.
Capital Gains Tax (CGT)
Capital Gains Tax may apply when you dispose of valuable assets like shares, property, or precious metals. The CGT landscape is complex, with many reliefs and exemptions that could significantly reduce your liability.
Thinking about selling an asset or part of your business? We can help you plan ahead to maximize available reliefs and minimize tax liabilities before you make any moves.
Inheritance Tax (IHT) Planning
Inheritance Tax is charged at 40% on estates above the threshold of £325,000. However, if you leave everything above that threshold to a spouse, civil partner, or charity, your estate may be exempt.
Even if your estate is under the threshold, it still needs to be reported to HMRC.
Don’t Wait Too Long
Planning for the future isn’t always top of mind, but preparing a will and having a clear estate plan is essential. Without it, your assets might not go to the right people—and your estate could face an unnecessary tax hit.
Ways to Reduce Inheritance Tax:
- Gifting assets to your spouse or civil partner
- Giving to family and friends during your lifetime
- Setting up trusts
- Donating to charities
- Taking out a life insurance policy
