Tax Planning and Specialist Advice

Year-end tax planning checklist

Year-end tax planning checklist

Nobody wants to pay more tax than is necessary. That is why it makes sense to work with specialist tax advisers, who can provide expert advice on how to organise your financial affairs in the most tax-efficient way.

We will help you to understand the tax implications of your actions, in order that you can plan ahead and conduct your business and personal financial affairs in the most tax-efficient way.

For businesses, effective tax planning can result in significant improvements in your bottom line. If you are operating as a sole trader, partnership or limited liability partnership, we can also explore whether the tax benefits of incorporating as a limited liability company make this the right option for you.

We’ll build your tax planning into the broader financial strategy for your business and assist you in making the most of appropriate tax allowances and reliefs, including capital allowances and research and development tax credits. We can also advise you on tax-efficient pension and remuneration opportunities and planning for passing on your business.

When looking at your personal tax affairs, we can also explore issues such as tax-efficient planning for your retirement and estate planning, so that you can have peace of mind that your assets will be passed on in a way that minimises your inheritance tax liability.

Our estate planning service includes:

  • help with planning and reviewing a will
  • making full use of exemptions and lower tax rates on lifetime transfers
  • optimising lifetime transfers between family members
  • transferring agricultural or business property
  • transferring assets into trusts
  • arranging life assurance to cover potential inheritance tax liabilities.

For more information on what RDP Newmans can do for you, please contact us or to ask us a question online, please click here.

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