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Tax is a major cost to business that is
best avoided. However recent changes to tax law around Europe
have reduced the scope for exotic tax planning schemes. In any
case, such tax planning could usually only be justified where
very substantial sums of money are at stake.
None the less, proper planning of
your activities is essential if tax is to be minimised.
For example, as a minimum, you should develop systems for
making tax returns on time to avoid penalties - we can assist
you here. Similarly we can advise on tax efficient share
option schemes to reward and retain key employees, and on
claims for research and development credits to name but two
possibilities.
International business must beware of
transfer pricing, and thin capitalisation issues.
All businesses should keep up to date
on contract, subcontractor and employee law where it interacts
with tax. We constantly look out for changes in these areas
and alert our clients by email. These alerts are also sent to
others. Should you wish to receive them, please sign up for
our Newsletter.
Finally, the management of Value
Added Tax is increasingly complicated and mistakes can be
costly. We can advise and assist you to make sure that you
charge the correct amount of VAT and complete returns on time. |
Tax
Management