Tax never gets simpler.  Currently there are well over 100 different taxes covering individuals, companies, partnerships, charities, trusts and many more structures.  The last finance act was almost 700 pages long.  And of course they change every year depending on which government is in power and what objectives they have.

So how do you know if you are utilising all of the tax reliefs available to you?  Could you be paying more tax than you need to?  Are your affairs structured in a tax efficient manner?

The answer for most clients is a tax planning review. The goal is to identify areas where your tax could be reduced, or the structure of your affairs could be improved to achieve your goals and aspirations. Completing a tax planning review with us will involve working closely with you to mitigate your tax exposure with an independent financial advisor from Mark Holt & Co Wealth Management Team who can also provide holistic advice on areas such as pensions.

Your review would be unique to you to fit your needs and goals but some of the topics could include:

  • Business structure reviews and suggestions (to include ownership of rental properties)
  • Property planning – including capital allowance reviews and SDLT advice 
  • Succession planning
  • Minimising annual tax liabilities on income through use legislative reliefs 
  • Ensure that you taking advantage of all available tax planning opportunities
  • Maximising your personal wealth
  • Minimising your exposure to personal and business risk 
  • Pre year-end tax planning review 
  • IHT exposure, and how to maximise reliefs 
  • Whether a Family Trust would be advantageous to you 
  • Employee attraction & retention – ways to make you stand out 
  • VAT / SDLT considerations

The harsh reality is that it is impossible for any client to know all the rules, and even very hard for many smaller Accounting firms to keep up to date.  Our specialist tax team keep up to date with all the changes and how they affect each of our clients, so they can always ensure clients are getting the right advice for them.  

If you are not sure whether a tax planning review is right for you, give us a call, we would be happy to help explore whether it is right for you or not.