GAIN Money – Putting more money in your pocket
You run your own business in Cornwall, you work hard and you have invested a lot of time and effort into it. You deserve to gain from it because ultimately you should reap the rewards that all your hard work and dedication deserves.
Once you have benefited from the gain approach with the profits coming in and the business growing, it’s time to focus on how to keep your hard earned money. It needs to stay in your hands and not in the hands of the revenue! Our Money suite of services looks at the best tax planning available to ensure you keep as much of the money your business has earned as possible.
Do you pay yourself with dividends or salary? As someone running a business in Cornwall are you using the most tax efficient option to pay yourself to ultimately gain? We will advise you on this and provide an analysis of the impact that each of the options will have on your take home pay. This is a service that we provide for every incorporated client on an annual basis.
Should my business be incorporated? It’s a question a lot of business owners in Cornwall ask us and the answer is there are things to consider before making a decision. What are the impacts of incorporation? What do I need to do? How will incorporation affect my tax liability?The reality is that Incorporation is not suitable for all businesses. At gain, for every un-incorporated client we provide a clear explanation of what the impacts will be in terms of costs, administration and how incorporation would affect the amount of tax due.
Following discussions we will provide our recommendation for your particular circumstances. If it’s appropriate, we can incorporate your business for you, dealing with all the administration, making the whole process as simple and tax efficient as possible.
Tax really can be taxing. So it goes without saying that we will advise you on the most beneficial tax alternatives available to you when preparing your personal self-assessment income tax return or your company’s self-assessment corporation tax return.However, there are other situations that may require more in depth analysis and planning. Inheritance tax planning, starting a new business, care home planning, private education planning, exit strategy planning and many others. At gain, we provide a full service across all areas of tax planning and are happy to advise you on any tax matters. As part of the normal annual review we hold with our clients we will highlight and discuss any areas that we feel you could benefit from.
CONTACT US for more information on any of these services »
