You need no surprises when it comes to tax and planning how to pay it.
Here at Manchester accountants, The Accountancy People, it’s our job to make sure you know what you need to pay and when.
We make sure you take advantage of the allowances and the low tax rates that are embedded in the system. We don’t promote what we consider to be high risk tax planning strategies – ‘tax scams’ – they’re not in your best interest.
To help you decide on the best business structure for you, we need to understand what you’ve been doing in the last few years. The reason is simple – if you’ve been a taxpayer and are about to set up in business, you might be expecting to make losses in the first year or two. The good news is there may be opportunities to get tax rebates for income tax that you’ve paid in the last three years. We also need to think about the future:
- when will your business become profitable?
- how profitable will it be?
- will you want to bring partners into the business?
- do you want to open other businesses in the future?
- what is your personal tax position?
We want to spend time with you so we can understand your circumstances and aspirations. Then we can give you tax planning advice that is as future proof as possible.