Tax Planning

Tax planning can be separated into two main areas, business and personal.

What is business tax planning?

Business tax planning is undertaken by organisations seeking to reduce their tax liability. When tax planning for a corporate entity, we at Blackstone’s will:

• • Make use of tax reliefs and opportunities – e.g. capital allowances
  • Ensure the best capital vs revenue tax treatment
  • Implement tax-efficient accounting policies

Consider the most tax-efficient structure for your business and restructure, if necessary, optimise the tax position on major transactions – e.g. property sale or purchase:

• • Review profit extraction
  • Identify succession planning issues
  • Maximise the efficient use of any tax losses

Ultimately, smart and effective planning can result in substantial tax savings for a business.

What is personal tax planning?

Personal tax planning is concerned with optimising an individual’s tax position and usually covers the following areas.

Everyone who is subject to taxation needs professional advice and support if they are to optimise their tax position and ensure they meet the compliance requirements. Our specialist tax team can provide you with year-round advice on all aspects of taxation.

We can help with tax planning in relation to:

• • Personal Tax
  • Business Tax
  • Capital Gains Tax
  • Inheritance Tax
  • VAT Planning
  • Profit Extraction Strategies
  • IR35 Advice