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Making Tax Digital for Business update
Extensive changes to how taxpayers record and report income to HMRC are being introduced under a project entitled Making Tax Digital for Bus...Read more >
15 Apr 2017
VAT Flat Rate Scheme - Limited cost trader
Changes are being made to the Flat Rate Scheme (FRS) which take effect from 1 April 2017. These changes may mean that the FRS is less attrac...Read more >
10 Apr 2017
Construction Industry - Subcontractor verification
HMRC have confirmed in the latest Employer Bulletin that changes will be made to the verification of subcontractors in the construction Indu...Read more >
12 Mar 2017
Xero now has over one million subscribers!
At Prime we love Xero and have been fans from the start! It gives us immense satisfaction to see that Xero have now got more than One Millio...Read more >
7 Apr 2017
Pool cars - are you satisfying the five conditions?
Another tax case has been lost by a tax payer due to them failing to satisfy HMRC that a company car was in fact a pool car.Read more >
13 Mar 2017
What business can learn from sport
There are many correlations between Sport and Business, the planning and discipline that goes into being a successful athlete are equally ap...Read more >
8 Dec 2016
Contact Prime Today
For advice on which type of tax planning is best suited for your business, please contact us for a free initial meeting.Please Email Us >
Not everyone is aware that they have the right to arrange their personal or corporate tax affairs in a manner that will minimise the amount of tax they pay. Prime Chartered Accountants has a wealth of experience in tax planning that can improve both business and individuals’ tax positions.
From the most simple ideas such as timing of asset purchases or Capital Gains Tax disposal to more complex planning, our experts can discuss the risks and advice on which type of tax planning is best suited for your business and/or personal circumstances:
- Non Resident Trusts to safeguard business property relief for trading companies and sheltering capital gains
- Inheritance Tax Planning to reduce or eliminate sizeable inheritance tax duties on large estates
- Stamp Duty Planning to minimise the stamp duty paid on the purchase of a property in excess of £500k
- Pension Solutions that can, through asset control, provides access to the pension during working life and can help to avoid tax charges on death
- Asset Disposal to minimise tax liability
- Purchase Planning that may avoid capital gains tax or advance expenditure planning to help reduce corporation tax
Tax savings can only be achieved if an appropriate course of action is planned in advance. It is therefore vital that professional advice is sought at an early stage. We would welcome the chance to tailor a plan to your specific circumstances so for further advice please contact Sarah Allbutt at Prime.
Call Prime Today - we're here to help
For advise on which type of tax planning is best suited for your business and/or personal circumstances call Prime Chartered Accountants, to arrange a free, no-obligation meeting.
Coventry - 024 7651 8555 or Solihull - 0121 711 2468