At its simplest level tax planning can help you keep as much of your money as possible while staying on the right side of the law.
But it is not just about minimising how much tax you pay. Planning ahead can help you achieve your businesses goals and long-term financial security.

We help small and family-run business and individuals manage their finances without giving too much to the taxman.

Areas we discuss include:

Inheritance tax

Although inheritance tax is charged at 40% on estates valued at more than £325,000, there is plenty of scope to legally reduce your liability.

This includes:

  • giving to charity
  • making gifts during your lifetime
  • transferring assets into a trust
  • using life assurance policies
  • advice on structuring a will to transfer assets in a tax-efficient way.

 

Capital gains tax

Beyond the annual tax-free allowance, there are numerous strategies to manage your exposure to capital gains tax including:

  • gifts to spouses, civil partners and charities
  • timing your disposal to delay payment
  • using losses to reduce chargeable gains
  • making use of any reliefs you qualify for.

 

Other areas of expertise

We also have extensive experience in:

  • minimising corporation tax
  • tax on director’s loan accounts
  • clearing out employee benefit trust loans.

 

Want to know more?

We can work with you to develop a tax planning strategy that works for you. Get in touch to discuss your situation.

Looking for reliable and professional accountants? Contact Us!

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TESTIMONIALS
RT

Britannia Accountancy is a professional and proactive firm that have served all my financial requirements for the past 5 years. It is highly tailored to my needs and there is always someone available if any queries or questions need answering. A professional, friendly and supportive service that I can highly recommend.

LM

I’ve been using Britannia Accountancy Service for well over 10 years for all my businesses. We’ve been extremely happy with their personal service. You know who you’re speaking to and you get replies and work done quickly. I would be very happy to recommend BAS to any small or medium business like ours.

AT

I have referred quite a few people to BAS and in difficult situations, we got used to “Well, call them; they will know how to deal with this”. This is, in my understanding, a very good indication of the level of service

KL

As a new company formed just six months ago we have been very lucky to have had Britannia Accountancy Services recommended to us. BAS have been a great help to us in these early stages of our business. They are helpful, offering good advice and have always responded very quickly when we have asked for help. In addition, our payroll and VAT returns have been completed in good time and professionally presented. We would happily recommend them to anybody.

RN

We have been a loyal customer of Britannia Accountancy for over 5 years. Service provided always to perfection, timely procedures, sound advice and support whenever needed. BAS have a very professional and knowledgeable team in many additional fields, including export, customs and global trading. They provide excellent support in Russian and English which is a real bonus. Very highly recommended.

If you have questions, please contact our professional team