Our next event

Retirement Planning workshop (4 March)

March 2020
View details

Our next event

Retirement Planning workshop (4 March)

March 2020
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 as 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

Audit and Assurance

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
 
Taxation services for landlords
Details of our specialist taxation services for landlords.
Download
 
Tax consultancy
Details of our tax services.
Download
 
Tax card 2019/20
Tax card 2019/20
Download
 
Taxes made easy
Taxes made easy
Download
"I have used Lovewell Blake for my business and personal tax affairs for over 25 years and I have had no cause to question or complain about their professional attitude or execution of both my personal or business affairs."
 
 

News

Student Loan system overhaul to benefit millions of students and graduates
Shaun Davison

25 February 2020
The Government have announced that a new online service will enable graduates to easily keep track of their student loan accounts, as part of improvements to the student loan repayment system. A new online repayment service is expected to be introduced later this year and will allow graduates to...
Read More

Two senior accountants join the partnership at Lovewell Blake following the acquisition of parts of Grant Thornton's Norwich tax and audit practice
Marketing Team

19 February 2020
Leading regional chartered accountancy firm Lovewell Blake announce the appointment of two new Partners following agreement to acquire some of Grant Thornton’s local tax and audit practice in Norwich.
Read More

See all our news

Events

Xero workshop - Tips and tricks
10 June 2020
Whether you have been using Xero for a few days, months or years the ever changing software is full of new features and functions.
Read More

Xero workshop - Migration
13 May 2020
You have decided to move to Xero, but what is the next step?
Read More

Xero workshop - Hubdoc
29 April 2020
With Xero’s recent announcement that Hubdoc will be released as part of your Xero subscription find out how to automate your purchase invoice processing without any additional cost.
Read More