Taxation
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Taxation
Tax planning is more than calculating an estimate of your tax liability at the end of the year and knowing how much you leave aside to pay taxes. Remarkably, it is the entirety of your personal and business financial framework. There are many facets which work cohesively to determine the amount of taxes you will pay. Multiple factors are considered while planning taxes such as expense planning, deduction opportunities, the size and timing of purchases, credit opportunities, etc. Every tax strategy should complement the overall financial strategy for your business and family, and contribute to the economic development of the nation.
What Is A Good Tax Planning?
Tax planning is more than calculating an estimate of your tax liability at the end of the year and knowing how much you leave aside to pay taxes. Remarkably, it is the entirety of your personal and business financial framework. There are many facets which work cohesively to determine the amount of taxes you will pay. Multiple factors are considered while planning taxes such as expense planning, deduction opportunities, the size and timing of purchases, credit opportunities, etc. Every tax strategy should complement the overall financial strategy for your business and family, and contribute to the economic development of the nation.
Benefits Offered By Sound Tax Planning
- Greater control over payments
- Reduction in tax rate
- Decrease in tax bills
- Complete advantage of tax credits
- Tax relief legislation utilization
- Payment timings control
- Economic stability ensured
- Efficient wealth management
Tax regulations are changing constantly and as a result, it is important to keep reviewing your tax planning strategies to ensure optimum utilization of available allowances.
The most common types of taxes you should be aware of:
- Corporate tax
- Capital gains tax
- Dividend and year-end planning
- Inheritance tax
- International tax
- Business tax
- Personal taxation
- VAT
Accumulating the right tax planning strategy allows you to be in a better place to control your taxes. Effective tax management is the cornerstone of powerful wealth management.
To develop the right tax strategy, one needs to explore multiple tax-saving opportunities, analyse the financial framework and gain a comprehensive understanding of various facets of the business. Linear Accounting helps professionals to manage their business taxation, personal taxation and VAT in the most effective way, keeping in mind legal and regulatory compliance. The team at Linear Accounting applies its collective expertise to simplify tax procedures and achieve the objective – the most efficient remuneration for the Directors and Shareholders.
We specialize in:
- CT600 corporation tax returns
- Construction Industry Scheme (CIS)
Personal Tax
We work with individual clients to ensure they pay only their fair share of employment, property and investment income to HMRC, with all allowable expenses claimed.
- Self-Assessment Tax Returns
- Capital Gains Computations
- Buy-to-Let Properties
- Rental Income
Value Added Tax
Value Added Tax (VAT) is wide in its scope. Businesses can use the VAT framework to their advantage. The Linear Accounting team has the skills and experience to collaborate with you in reviewing your business VAT affairs and identify ways to deal with Value Added Tax more effectively.
VAT services includes:
- VAT Registration
- VAT Group
- Submission of VAT returns
Linear Accounting advisors are practical, coordinated and quick to understand your tax requirements. They have a great deal of certainty about their services, processes and approach. We at Linear Accounting work to create a more stable, predictable and simplified tax system that allows organizations to invest and expand wisely. Our consultation is modern and transparent. Initiate discussion now!