Tax Planning Services

Businesses need to be sure that their money is working as hard as it can for them and with Lloyd Dowson tax planning services we ensure that you are never paying more tax than you need to. Irrespective of whether you are running a small business or a large company tax is an inevitability but with us on your side we will work hard to ensure that you retain more of your profits.

Our team is highly experienced and offer a full range of specialist tax planning advice that is tailored specifically to the precise needs of you and your business. Our expertise helps to make your business more resilient and able to withstand the potential impact of the ever changing tax legislation.

What Are Tax Planning Services?

The job of a tax planning professional is to review the financial situation of a business and the needs of the owners and ensure that they are aware of the current tax legislation and the options and opportunities available to them to ensure maximum tax efficiency is achieved and assist moving the business in the right direction.

Many business owners choose to ignore tax until it’s once again time to submit their returns, but the fact is, proactive tax advice can add real value. By meeting with our experienced tax team and taking advantage of our tax planning services on a regular basis, we can guide you through the complexities of tax system and advise on the options available to you.

How Do Tax Planning Services Help?

The main benefit of good tax planning is that it ensures that you never pay more tax than is necessary – which is a surprisingly common occurrence. Billions of pounds in tax are overpaid each year simply due to a lack of awareness and planning.

Business Tax Planning Services

It is vital that businesses regard tax planning as an ongoing process, rather than something that only needs doing once a year. When you monitor your taxes all year round, it minimises the chances of errors occurring and optimises the savings that your business makes.

At Lloyd Dowson, we understand that good tax planning begins with a sound understanding of our clients, their objectives and preferences. When offering our business tax planning services, we take the time to get to know you, which allows us to provide advice that is tailored to your requirements.

As business advisors, we are eager to guide our clients through every stage of their lifecycle. From start up to expansion, through restructuring, eventual sale and succession, we have the experience and expertise to provide you with a solid financial platform from which to grow.

For information about our business tax planning services, please call our tax planning team on Bridlington 01262 602456 or Scarborough 01723 361039

Business Start Ups

At Lloyd Dowson, we can help you select the ideal business vehicle for your startup, whether you are a sole trader, a partnership or limited company. We’ll also use our experience and know-how to keep you on the right course as your business grows with tax planning services that ensure you are always operating in the most tax efficient manner.

We will also help you to structure your drawings from your business in the most tax efficient way. Tax legislation is constantly changing, which is why we continually review the trading status of our clients to ensure continued tax efficiency and remain one step ahead.

For information about our business tax planning services, please call our tax planning team on Bridlington 01262 602456 or Scarborough 01723 361039

Wills and Trusts

At Lloyd Dowson we actively encourage our clients to regularly review their wills to make sure they reflect their current wishes. Also, we provide advice on related matters such as inheritance tax, the significance of which cannot be overstated, particularly in light of the intestacy rules.

You need to know that when you pass away your affairs are handled exactly as per your wishes and having a trust can help you protect your assets. As part of our tax planning services we can advise you on placing tax efficient lifetime gifts in trusts for the benefit of your children, grandchildren and others in addition to the use of trusts when making your will.

Our team can also help to guide you through the many tax saving opportunities associated with setting up a trust, like annual income tax savings of up to 45% on earnings received, 28% on capital gains tax on the transfer of assets to family members and 40% inheritance tax on the value of assets placed into trust.

For information about our business tax planning services, please call our tax planning team on Bridlington 01262 602456 or Scarborough 01723 361039

Capital Gains Tax

Whether you are selling a business, property, shares or any other assets, our tax planning services will help you time and plan disposals to achieve the best combination of the four rates of Capital Gains Tax that are currently at an all-time low!

For business sales in particular, it is essential that you meet all of the relevant criteria to qualify for the lowest 10% rate available to “Entrepreneurs”. There are many traps and pitfalls for the unwary, but our expertise allows you to avoid them and benefit from all of the available reliefs and exemptions.

For information about our business tax planning services, please call our tax planning team on Bridlington 01262 602456 or Scarborough 01723 361039

Research and Development

At Lloyd Dowson, we are able to comprehensively review your business and, where possible, make a claim for the very generous Research & Development tax incentives available, increasing qualifying costs by up to 130%. To date, the claims we have submitted have resulted in an average corporation tax refund for our clients of over £50,000 a year!

For information about our business tax planning services, please call our tax planning team on Bridlington 01262 602456 or Scarborough 01723 361039

HMRC Enquiries

HMRC has recently focused its efforts on compliance activities, with increasing numbers of specially trained task forces put in place. With over 100 years combined experience, our tax team can boast a long history of effectively handling HMRC enquiries and investigations.

Our diligent preparation of accounts and tax returns puts us in the driving seat in all dealings with HMRC and our bespoke “Fixed Fee Scheme” serves to ease the strain on those unfortunate enough to find themselves having any stressful Tax, VAT or PAYE experiences.

For information about our business tax planning services, please call our tax planning team on Bridlington 01262 602456 or Scarborough 01723 361039

Business Sale/Succession

You have built and successfully established your business over a number of years and the next decision is what to do next? Pass it down to family, sell to existing employees or a third party? The Lloyd Dowson team will guide you through the process and advise you of your options to provide a solution meets your wishes at minimal tax cost.

For information about our business tax planning services, please call our tax planning team on Bridlington 01262 602456 or Scarborough 01723 361039