Tax Planning
There are various allowances and reliefs available which can help minimise tax liabilities arising on earnings, profits of trade or gains when you sell chargeable assets, but understanding what they are and which ones you are entitled to can be a daunting.
If you are looking to make tax savings but do not want to attempt to interpret detailed tax legislation, we would recommend seeking the advice of a professional.
We offer all clients tax planning reviews and try to ensure they only pay as much tax as they are legally obliged to and no more!
Whatever your tax planning needs are, we will endeavour to find a tax saving scheme to suit your circumstances so make sure you contact us, especially as there may be more specific tax planning tips and tax advice available for your business sector.
We've got you covered
A guide to accounts and tax for new businesses
Thinking of starting a business in the UK or have you already started the process? In this guide we look at the accounting and tax essentials you need to consider when starting a new business.
Find out moreDirectors’ cash extraction – tax-efficient strategies for the new tax...
From April 2026, it is more important than ever for company directors to strike the right balance between salary, dividends, and pension contributions when extracting profits.
Find out moreTax relief on donations to charity
Donating to charity helps you support causes most important to you. It can also mean you make tax savings and using gift aid can mean the charity receives more money from your donation.
Find out moreWhat are the key tax changes for 2026-27?
With the 2026/27 tax year here, we highlight the key tax changes taking effect from 6th April 2026 for individuals and small businesses. Staying informed about these updates can help you to plan ahead...
Find out moreHow new crypto reporting rules could affect you
HMRC is now receiving detailed data on crypto transactions under new CARF reporting rules. Learn what this means for investors, business owners and your tax return.
Find out moreHow do the new capital allowances changes affect my business?
The 2025 Budget announced two key updates to capital allowances, which apply to companies, sole traders and partnerships. These are a new first year allowance and a reduction to the main writing down...
Find out moreAccounts and tax guide for the hospitality industry
The hospitality industry is a dynamic and competitive business environment for hotels, restaurants, pubs, and bars. Effective financial management is crucial for success and growth.
Find out moreThe ultimate tax planning guide 2025/26
This comprehensive guide will walk you through the key areas of tax planning for the 2025/26 tax year, from using your personal allowances to making savvy investments and pension contributions.
Find out more10 year-end tax planning tips for individuals
As the year comes to a close, it’s the perfect opportunity to take charge of your personal finances and reduce your tax liability.
Find out moreHow to reduce your Corporation Tax bill
Running a company means making decisions to boost profits, offer good products and services and have great company culture. Alongside that, making decisions so that the company is tax-efficient and pa...
Find out moreUnderstanding Capital Gains Tax for individuals
Capital Gains Tax (CGT) is a tax on the profit/gain from selling, transferring, gifting or otherwise disposing of certain assets.
Find out moreTax Planning
Our tax planning service for individuals is designed to offer you an expert and effective approach to managing your tax liability.
Find out moreTax Planning
Our business tax planning service is designed to offer you an experienced and effective approach to managing your business’ tax liability.
Find out moreYear-end tax planning tips for UK businesses
As the 2025/26 tax year draws to a close, it's crucial for UK businesses to prepare for the tax year-end to maximise efficiencies. Take a look at our UK business tax planning ideas ahead of this year...
Find out moreThe tax benefits of electric vehicles
The Government is delaying the ban on new petrol and diesel cars by five years. This delay is causing setbacks in the transition to electric vehicles. The requirement is now for all new cars to be zer...
Find out moreTax tips to consider before the 5th April Year End
As we approach the end of the 2023/24 tax year, it is worth taking some time to make sure you have done all you can to ensure your tax affairs are as efficient as they can be.
Find out moreSmall and micro companies face accounts reporting changes
The Government is planning to introduce new filing requirements for small and micro businesses to “make the filing requirements easier to understand, reduce fraud and error, and improve transparency”.
Find out moreTax saving tips for you and your business
Delving through the array of allowances and reliefs available to help minimise your tax liability can be a daunting process. It can be tricky for small business owners to establish what's available an...
Find out morePrepare your business for the New Year
With the end of 2021 in sight, this is a perfect time to give your business the New Year start it deserves - here are our top business planning tips for small businesses.
Find out moreNational Insurance and dividend tax rises announced for social care re...
Prime Minister Boris Johnson has proposed a number of tax increases for taxpayers across the UK.
Find out moreThe new rules for trade loss relief explained
A temporary extension to the rules for trade loss relief, both for individuals and companies was announced by the Government in its Budget on 3rd March 2021.
Find out moreTop 10 tips to protect your business in 2021
Watch our free webinar in which we explain what steps you can take to protect your business during the COVID-19 outbreak and the year ahead.
Find out moreWhy every business should have a cash flow forecast and how to build o...
A cash flow forecast is one of the most useful financial tools a business has. However far too often it is low down on their list of priorities. Survey after survey shows that business owners do not h...
Find out moreSecure your business’ future and plan your cash flow today
As the Government begins to reduce its support for businesses impacted by the COVID-19 lockdown, Richard Simms of FA Simms explains how using this time to plan your cash flow now will help you in the...
Find out moreRead our expert answers to your Tax Planning questions
What are the consequences if I pay tax late?
I am newly self-employed and have been rather unorganised this year. I have just managed to get my tax records in order and arranged to have my tax return filed by the deadline, but I haven't set enou...
Find out moreI have been renting out a house for several years but have never told...
How should I declare this unreported income from renting my property to HMRC?
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