JL Grant

We deal with 3 main areas of Tax Planning:

1. Business Tax Planning

2. Personal Tax Planning

3. Inheritance Tax Planning

BUSINESS TAX PLANNING

Corporation tax represents a substantial part of your trading costs. Moreover, the increased reporting obligations, robust investigation policies on the part of the tax authorities, and harsher penalties for non-compliance mean that an undue amount of your time and resources can be taken up collecting revenue for the Government.

We offer a range of services to help you minimise your corporate tax exposure and relieve you of the administrative burden of complying with tax legislation. These include:

• Determining the most tax effective structure for your business
• Taking full advantage of tax opportunities and reliefs
• Achieving the optimum capital or revenue tax treatment
• Reducing tax on disposals and maximising relief on acquisitions
• Making the most of tax opportunities specific to your industry
• Meeting the rigorous demands of compliance including corporation tax self assessment
• Acting on your behalf in discussions with the tax authorities

Efficient corporate tax planning can result in potentially significant improvements in your bottom line.

PERSONAL TAX PLANNING

As tax legislation grows in complexity with each year's Finance Act, with financial penalties for getting it wrong, the beleaguered taxpayer needs all the help he can get. Our in-house taxation team, backed by other specialists from our associated firms, provides the whole range of personal tax services, including VAT and PAYE advice. We also can assist you in setting up, or reviewing, your own compliance systems so that your financial team can meet the requirements of the tax legislation.

At JL Grant & Co. we go beyond merely helping with tax compliance. We help you deal with the compliance to avoid the penalties, but our philosophy is to help you arrange your taxation affairs in order to pay legitimately as little tax as possible.

Using the latest computer tax software, we deal with tax return completion and tax computations in an efficient and cost effective manner, leaving us free to advise on tax planning opportunities.

Tax planning forms part of the overall personal financial planning process and we are here to help you all of the way. From the most tax effective organisation for your start-up business right through to retirement planning, from pension planning to inheritance tax planning, talk to us today.

INHERITANCE TAX PLANNING

Many people believe that their estate will not attract Inheritance Tax. But, Inheritance Tax is not just an issue for the rich and you should be aware that:

1. The Inheritance Tax threshold is £325,000 per individual (tax year 2010/2011). Anything over the threshold may still be taxed at 40%.

2. Whilst married and civil partner couples will be able to consider transferring their Inheritance Tax threshold under the new rules, provided certain conditions are met, you may still be liable for tax in the future if your joint assets grow in value over time.

3. If you are widowed, divorced, re-married, your civil partner has died or your civil partnership dissolved, it can be more complicated to understand if you're still affected.

4. Regardless of your liability for tax, it is not a straightforward process for those inheriting your estate to benefit from the £325,000 individual threshold.

We can give you advice on how to reduce Inheritance Tax (IHT) liability so that it’s your heirs who benefit from your estate not the taxman.

For more information on our Tax Planning Services, or would like to arrange a free initial meeting to discuss how we can help you in more detail, please contact us or use our form below: