Business tax planning

Our Expertise in Business Tax Planning

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With over 30 years advising businesses on tax affairs, our specialist knowledge in legitimate tax planning runs deep at Mitchell Associates. Key personnel hold ACA and ACCA  qualifications so skills are always up-to-date on the latest compliance regulations and ways to efficiently structure commercial activities.

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We directly advise directors on optimising use of allowances, reliefs and appropriate timing strategies across responsibilities like VAT, payroll taxes, corporate and personal liabilities to sustainably minimise undue burden. Our hands on collaboration aims to legally maximise after tax returns so more profits stay inside companies.

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Comprehensive Business Tax Planning Services

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Strategic Tax Allowances and Reliefs

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Our tax specialists advise directors on effectively utilising Annual Investment Allowances, Research & Development expenditure credits, Enterprise Zone site allowances to reduce current and future corporate tax liabilities in a sustainable compliant manner across all business structures.

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Early consultation on appropriately claiming 100% first year capital asset allowances against equipment purchases or identifying qualifying innovation spending for incentivisation schemes means more money can remain invested to fuel growth during crucial formative years. Ongoing guidance then optimises relief utilisation against expansion plans to legally maximise after tax returns.

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Dividend Planning for Tax Efficiency

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Careful planning of dividend payments from trading companies to individual shareholders allows more profit to be extracted at lower personal tax rates before further deployment or reinvestment.

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Our tax advisers provide detailed forecasting and scenario planning of extraction strategies referencing respective allowances and income band liabilities, consult on one-off payments vs staged regular dividends with timing consideration over tax years whilst assessing financing requirements for maintaining desired growth trajectories.

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The expertise to model multi-year dividend schedules aligned with expansion objectives allows companies to maximise after tax distributions to investors.

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Pension Contributions and Tax Planning

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Harnessing allowable pension contribution tax reliefs helps accelerate retirement provision for business owners tax efficiently. Using appropriate salary sacrifice arrangements, companies can make employer contributions economically, attracting full corporation tax deductions today whilst reducing owners’ income tax exposure as personal withdrawals commence.

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We help establish and administer Small Self Administered Pension Schemes (SSAS) for limited companies, and more generally setting up and utilising such schemes to enable tax savings and strategic growth opportunities for the company.

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Pension planning creates win-win long term tax advantages.

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Capital Gains Tax Minimisation Strategies

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Beyond daily operational compliance, integrating considered capital gains exposure management across personal and corporate assets lays foundations for efficiently realising future value and making sound tax mitigated succession decisions when the time comes.

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From ensuring share gifting to next generations early to crystallise inheritance tax advantages through creating private investment companies to pool and sensibly gear family financial interests, our trusted advisers explore legitimate optimal paths where tax rules allow.

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The expertise to shape long term efficient holding structures aligned with personal and commercial objectives allows companies greater flexibility managing what can be significant one-off transactions.

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Succession and Business Sale Tax Strategies

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Within family owned organisations, passing leadership roles tax efficiently to the next generation free from material tax burdens allows resources to stay working for the company through transfer events rather than being absorbed undeservedly by authorities.

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Our close inherited family business expertise coordinates cross discipline specialists within the firm to establish optimal holding structures, retention and reward mechanisms alongside governance frameworks that sustainably plan for succession through a phased transitionary approach.

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For trading companies more broadly, we project manage corporate finance deals end-to-end, handling business valuations, vendor due diligence, tax mitigation arrangement via earn outs or asset drop downs and application of entrepreneur’s relief so companies can be acquired with optimised tax consequences where owners wish to exit.

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Why Choose Mitchell Associates for Business Tax Planning

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Paying more VAT, payroll and corporate taxes than the legal minimum directly reduces commercial success and sustainability. Yet staying abreast of allowances intricacies amidst frequent rule changes across overlapping areas proves extremely challenging.

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Our personal, partner-led approach offers insightful tax planning tailored to your growth objectives so you can make decisions that sustainably minimise liabilities without risking disputes. For over 30 years SMEs have trusted our hands on collaboration to legally optimise obligations.

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Let us leverage the full breadth of expertise to enhance after-tax returns so more resources fuel future ambitions.