As with individuals, businesses are required to pay tax. Sole traders and partnerships pay tax through personal tax returns whereas limited companies pay corporation tax.

We actively work with clients to minimise their overall tax bill. This includes advising on the timing and acquisition of capital equipment, pension contributions and R&D tax claims which can have a significant impact on the tax paid to HM Revenue and Customs.

In addition to tax planning, our qualified staff scrutinise business expenses to ensure their eligibility and to make sure that they are dealt with tax-efficiently.

We also have significant experience in dealing with more complex VAT matters and problems.

As an example, company cars can be a very tax-efficient way to compensate staff and directors - but only in very limited circumstances. We recently rectified a position where a company car was costing a director in excess of £5,000 a year in personal tax.