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We provide specialist tax planning and compliance advice to maximise the tax reliefs that are available to you, while also minimising your tax liability, meaning you’ll have less to pay out throughout you and your family’s lifetime. We’ll also help you make the most out of your assets, considering how and when to pass them over to your loved ones.
Business taxes are complex waters to navigate, particularly through times of growth and change in your company and in the economy. Our tax planning specialists are here to help you with advice on the setting-up and ownership of family businesses. We can also help you to decide the best disposal method for you – you may want to pass the business on to one or more family members but if that’s not the right course for them, we’ll discuss alternative options, such as Employee Ownership Trusts, ensuring that you reach a decision that’s right for all of you.
We’re able to provide advice at any stage of your business’ lifecycle, although we’d recommend contacting our experts at the beginning of a project or transaction. That’s when the most options are available and we’ll be able to set out the tax plans that are best fitted to your needs. We can advise on all areas of tax planning, including acquisition, ownership and disposal of property and any other associated assets.
Our overall aim is to provide you with peace of mind when it comes to the stability of your business. We’ll help you achieve certainty on the level and timing of your tax liabilities while relieving you of the ongoing burden of completing tax returns. We can take care of your VAT returns, self-assessment, partnership and corporation tax returns, as well as all elements of tax planning.
We’ve a team of experienced tax and accounting practitioners who can offer you practical advice and guidance on a wide range of tax issues to help you achieve your business goals. We can help you put sensible plans in place to ensure that you’re able to make the best decisions to help your business and your family continue to succeed in the future.
Our experts are here to help you navigate the challenge of effective remuneration planning. This is an essential element in attracting, retaining, incentivising and rewarding your employees and can be a key driver in terms of their motivation and their likelihood of remaining with your organisation.
We can advise you on how best to structure remuneration packages for employees living and working locally, and also for employees that are working abroad. We’ll share all of the available options with you, from the point of hiring (entering new employees into contracts of service), to contracts for service (which relate to contractors and freelancers rather than your own staff), to year-on-year retention and also in relation to the tax treatment of termination packages.
Our team of experts are also able to provide specialist advice on the tax and other implications of various forms of remuneration packages, for example, salaries, bonuses, performance related pay, benefits in kind, beneficial loans and share schemes.
Off-payroll working (IR35) roles for clients, contractors and their intermediaries has recently changed and our employment tax specialists are able to provide practical advice on the structuring of terms of engagement for employees and contractors in light of this. We ensure that we’re up to date on all extensions of these regulation so that we can provide you with advice that covers everything you’ll need to consider to ensure that you’re compliant but also as tax efficient as you can be.
You may also be aware that the HMRC are starting to look more closely at the tax treatment of payments made in relation to the termination of an employee’s contract of employment. We can provide tax advice that is appropriate to your business’ needs, on the tax implications and potential structuring of termination payments.
We’re here to help you plot your course across all areas of employment tax and to advise you on solutions that will not only be tax-efficient but also make sound business sense.
If you’re looking for tax planning for business advice, get in touch with our expert lawyers today.
Contact us on 0131 270 7700, visit our offices in Edinburgh, Glasgow, East Lothian, Shetland or Orkney, or fill in our enquiry form to request a call back.
"Offering a complete package of legal and financial advice under one roof. Experts in their field available throughout."
