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Chartered Accountants of Poynton, Cheshire

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Paying less tax - Defer Your Gains

There are many ways to save tax - all of them perfectly legal.

For example, if you realise Capital Gains after the end of the tax year, and delay payment of the tax for 12 months and split sales across the end of the tax year – you can make use of two years’ annual exemption.

Also, make an outright gift to your spouse, who can make use of his or her exemption, too. Delaying a sale can also mean more taper relief – so less tax.

Save employers’ NIC

Employee costs may be high, but save employers’ national insurance contributions by rewarding employees through all employee share schemes and pension contributions instead of additional salary or bonuses.

Ensure business borrowings attract tax relief

Funds borrowed for business purposes obtain full tax relief; your mortgage does not!

Appletons can help you to identify ways to make the most of tax-saving opportunities and investments.

We are always pleased to discuss matters with you – contact us today for further information.

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Home > What Accountants Do > How We Save Businesses Money > Saving you money is our Business

Saving you money is our Business

 

Accountants at Appletons have stopped literally millions of pounds going to the taxman!

We're still doing it - it's our No.1 business and we can do it for you too.
Six business and saving pointers

When our customers avoid tax by our work we get a great sense of job satisfaction.

For those people in their 30s and 40s, perhaps now breadwinners for the family, and in mid-career or running a business, there are a wealth of planning ideas to help you avoid tax.

Consider the following six strategies before the year end:

  1. Sharing your wealth with your spouse or partner, by splitting capital and income to take maximum advantage of tax allowances and rates.
  2. Drawing up a business exit plan, which includes profit maximisation, business structure, valuation, disposal, retirement planning and investment strategies.
  3. Restructuring your personal and business debt. Is it time to review your loan arrangements or pay off your credit cards?
  4. Are you investing in a pension policy or pension scheme, and if so should you maximise the amounts you and your employer invest?
  5. Investigating the range of tax-efficient investment products on offer, including ISAs, pensions, property, and schemes such as the Venture Capital Trust and the Film Finance Scheme.
  6. Conducting a business healthcheck. Is your business structure tax efficient? What could you do to improve profitability?

We can help you to attain your personal and business goals, by identifying areas where a small change could make a big difference.