Cornerstone Accountancy - Chartered Certified Accountants
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Are you sure your tax bill is as low as possible?
 
Nobody likes paying tax and its a well known fact that any business or business owner is absolutely entitled to structure their business in whatever way minimises their tax bills.
But when was the last time you reviewed your:
 
  • Trading structure (Limited company, partnership, LLP etc)
  • Remuneration policy (of your staff and yourself)
  • Asset purchasing policy (to ensure maximising capital allowance claims)
 
For many business owners the answer is "not for a while".
 
So how do you know that your are paying the smallest amount of tax possible?
 
Tax legislation changes frequently both in terms of changes to the law but also changes in the way the law is interpreted and it may be the case that your business structure and/or policies are based upon law that may no longer apply.
 
So what can you do?
 
In our opinion, reviewing your tax situation should be a regular and ongoing activity throughout your business year.
 
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 If you haven't investigated your policies for a while then perhaps it is time to conduct a thorough review now.
 
Our tax planning review service provides you with a detailed report of your current tax situation and suggests methods of improvement.
 
If no tax savings can be found then the review is free, so you have nothing to lose!
 
Remember, tax is simply a cost and like any other cost it can be controlled, managed and minimised.