The planning opportunities available to a company will depend on their existing structures. We are able to assist companies with:
• Restructuring an owners remuneration to be more tax efficient
• Gifting some of the shares in the company to a spouse
• Introducing a HMRC approved share option scheme to incentivise employees
• Year end tax planning
• Tax efficient financing in respect of the Enterprise Incentive Scheme
• Capital allowance planning – including investigating unclaimed allowances
• Research and development tax credits
• Environmental Taxes and incentives
• Gifting some of the shares in the company to a spouse
Another point that many companies still overlook is to bring family members into the ownership of the family company. This makes sense given that the events of the business day form the basis of supper time conversation. It is not unusual for the casting vote for key decisions to be made at that time – in practice it is often the whole family that is involved.
This can utilise the allowances and tax bands of a spouse – just in the way that Parliament intended when independent taxation was introduced in 1990.
• Introducing a HMRC approved share option scheme to incentivise employees
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