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Tax planning service

Alexander Accountancy’s tax planning service looks at what actions can, should or should not be taken to maximise the desired benefits for individuals, business owners and their businesses. The most important consideration is identifying the goals to make sure the best strategies are employed.

Who can benefit?
Tax planning has the potential to benefit every individual and business. This is why we offer planning services to all our clients. The most common motivation is to minimise or delay tax payments and retain profits. However, sometimes it can be to maximise profits or income, especially if credit ratings, loans or mortgages are key drivers at that time.

Key benefits:
The primary benefit is to maximise business efficiency in achieving the target. Minimising tax helps retain profits for distribution or investment. Maximising profits can aid growth and attract loans or investment, not to mention enhancing business value if you are looking at an exit strategy.

Main outcomes:
The outcomes will depend on the clients’ goals and objectives. They are usually communicated as written plans but can also be delivered through meeting and supporting clients through a step-by-step process.

Compliance:
Alexander Accountancy always endeavour to make sure all our recommendations are as simple as possible and keep within the current tax legislation. We specifically avoid high risk tax avoidance schemes and those that are unproven and usually push the boundaries too far resulting in huge losses.

Alexander Accountancy’s process:
We always invite clients to contact us around three months before their accounting or tax year ends to aid with planning. Implementation is then achieved at the time any tax returns or other relevant documents are filed.

Our expertise:
Alexander Accountancy has qualified and part-qualified tax specialists at director through to junior levels. More importantly though, we have a seasoned and experienced team that has seen most aspects of tax planning implemented for a wide range of clients. Collectively, we instinctively know what are likely to be the best strategies for every individual, business owner and business that we deal with.

How we overcome popular misconceptions:
The biggest misconception is that tax planning is always about minimising tax. Whilst that may gain the popular acclaim, it is not necessarily the best long-term plan. Sometimes it is better to pay more tax now to make a bigger saving in the future.