Our next event

Guidance on insolvency rules for Independent Practitioners

September 2017
View details

Our next event

Guidance on insolvency rules for Independent Practitioners

September 2017
View details

Business

Business Tax Planning

Business Tax Planning

Identifying opportunities to save you tax
We will work with you and provide practical solutions that will help you maximise your businesses profits by minimising your tax liabilities. Tax is a large and complex area and our team of experts reflect this.

As a business owner, no matter the size or structure of your company, we understand that your goal is to retain as much of your profit a you can whilst paying the least amount of tax possible. We can advise you on the best structure of your business to achieve your goal.

Sole Traders and Partnerships
As a first time sole trader we can help you:

  • understand the best company structure to suit your aims and objectives
  • assess your turnover, with a view to VAT registration
  • deal with payroll for any employees
  • plan around your tax liabilities, including the loss of your personal allowance
  • prepare budgets and forecasts to help you secure funding


As your business grows we can also:
  • provide advice on whether you could make tax savings by trading as a company
  • provide tax ‘health checks’ on a regular basis to ensure no tax is being paid unnecessarily.


In a partnership you may face many of the same tax issues as a sole trader. Additionally we can help you with the following tax planning expertise:

  • look at the tax benefits of bringing a partner on board
  • understand the different structures available to you and their tax implications
  • make changes to your partnership in a tax efficient way
  • support you during partnership disputes


Corporation and Business Tax
We will deal with your company tax returns on your behalf, ensuring they are submitted correctly and on time. We will advise you on what tax is due and when, planning at all times to make your business as tax efficient as possible.
We’ll advise you on all aspects of your companies finance, including:

  • choosing the correct business structure for your company, detailing the benefits of each option to you before you come to a decision
  • how best to extract funds from your business, helping you to establish a system that works for you and your company
  • understanding the most tax efficient ways to buy and sell businesses
  • restructuring and reorganising your business as it becomes necessary


Research and Development tax incentives
You may be able to benefit from tax incentives put in place by the government to encourage research and development in UK businesses. We can help you identify any areas that may qualify for these incentives and how to get them.
Call us on 01603 663300       

Select a Service:

Financial Planning

Tax and VAT

Accountancy Services

Business Advisory

Employment Services

Sectors

Business Recovery

Corporate Finance

International

 

Helpful documents

Research and Development tax incentives
Details of the tax incentives available for research and development initiatives.
Download
 
Capital gains tax - Entrepreneurs' relief
Details of entrepreneurs' relief on capital gains tax.
Download
 
Taxation services for landlords
Details of our specialist taxation services for landlords.
Download
 
Tax consultancy
Details of our tax services
Download
 
Tax rate card 2017/18
Tax rate card 2017/18
Download
"I would recommend Lovewell Blake Chartered Accountants to my professional colleagues, as they provide efficient and excellent service. They have handled our practice accounts, payroll and business related matters including IPP with great expertise."
 
 

News

The results are in, now what?
Claire Moore, HR Adviser

18 August 2017
Whether you have received the exam results you had hoped for or not, there are a whole host of options for you to consider, including further studies or taking the first step onto the career ladder. This list is by no means exhaustive, but gives you a taste of the...
Read More

LB tax, business and financial planning update August 2017
Marketing Team

14 August 2017
In this month's LB tax, business and financial planning update we bring you:
Read More

See all our news

Events

HR masterclass: staff handbook policies and procedures (Lowestoft)
9 November 2017
The next in our series of HR masterclasses looks at staff handbook policies and procedures. Full details to follow.
Read More

HR masterclass: staff handbook policies and procedures (Norwich)
7 November 2017
The next in our series of HR masterclasses looks at staff handbook policies and procedures. Full details to follow.
Read More

Apprenticeships Levy: is your business getting value for money?
17 October 2017
The Apprenticeships Levy came into effect from April 2017. As an employer you will have to pay this levy if you have an annual pay bill in excess of...
Read More