Tax planning is an active and ongoing process that enables individuals and businesses manage their taxes and make smarter financial decisions. It involves looking at the whole picture of someone’s financial situation, choices now and in the future. Ensuring that all decisions been made works together to make the most of their money.

Some areas we advise on

• Income tax planning
• Capital Gains Tax
• Inheritance tax
• Corporation tax

As an example, we explore options available to minimise income tax:

Income tax is paid on a wide range of income sources, including salaries, self-employment earnings, dividends investments, and rental income. The specific rates vary depending on the individual’s income level and are calculated based on different tax brackets.

Benefits of tax planning

• Increase savings or take home pay
• Reduction in your tax obligations
• Asset protection
• Better total return on investment