Tax Planning

The best things in life are free… but sooner or later the government will find a way to tax them!

With the UK now having more pages of tax legislation than any other country in the world, we understand how daunting the prospect of tax planning can be. However, with the help of our expert Charted Tax Advisers you can be assured that the amount of tax you pay is both fair and legal.

It’s not just about understanding current tax legislation; it’s about ensuring your business continues to flourish, with no unwelcome surprises along the way. That’s why Mitchells’ expert team will work alongside you to minimise tax liabilities and increase profitability.

We help you pinpoint areas where tax can be mitigated by identifying tax planning opportunities. That begins with understanding your goals and objectives, enabling us to ensure your assets are held in a more structured and tax efficient way to safeguard and protect your wealth.

Professional tax advice is not just for business…

Whether it is commercial objectives or personal interests, through our in depth knowledge of tax legislation we are able to make full use of all the reliefs and allowances that you are entitled to.

If you are a company director we are able to assist you with remuneration planning in order to ensure that you reduce the total tax burden on your personal income taken from the company.

Why pay more tax than you need to…Talk to us if you’re considering:

  • Selling your business
  • Buying a rental property
  • Gifting an asset to your children
  • Or any other transaction that can potentially create a tax liability

Speak to an expert…

 

 

 

 

 

 

 

Lisa Eyre

Chartered Tax Adviser

%

of business owners say taxes and bookkeeping are the worst part of running a business

pages of tax legislation and counting...

(£ Billion) inheritance tax receipts in 2017/18 fiscal year

We are able to provide advice on all aspects of tax including…

Income Tax.

On a personal level we can use our in depth knowledge of tax legislation to be able to make full use of all the reliefs and allowances that you are entitled to.

If you are a company director we are able to assist you with remuneration planning in order to ensure that you reduce the total tax burden on your personal income taken from the company.

Capital Gains Tax.

This is a tax levied on profit from the sale of property or an investment.

Current rates of CGT can range from 10% to 28% depending on your circumstances, so it’s really important to seek out professional advice.

We can help you plan such sales by offering advice on allowances, reliefs and exemptions, as well as those all important timings, which can make a real difference in the quest to maximise efficiency.

 

Corporation Tax.

All UK limited companies are subject to Corporation Tax, which is a tax that is charged as a percentage of the annual profits made by a company.

Here at Mitchells we are able to offer a full service to minimise tax liabilities for your business, so you get to keep more of the profits.

Inheritance Tax.

Inheritance Tax (IHT) is a tax on the estate of someone who has died, including all property, possessions and money.

Generally only a small percentage of estates are large enough to incur Inheritance Tax, However, where there is a potential, we can help you work out what you need to pay and when. We can also advise on how to maximise all the allowances that are available, as well as offering independent financial advice via our strategic partner at Milestone, to help mitigate any pending IHT liabilities.

VAT.

Value Added Tax (VAT) can be complex and confusing to many business owners, but here at Mitchells we work with you to ensure you’re VAT compliant but more importantly, that you’re not hit with unexpected bills.

Tax Planning

“Not only has Mitchells worked with us to professionalise our accounts and strategically plan our taxes, but they’ve also helped us develop the business.” Scott Ashmore, Club Taxis

How can we help you?