Tax Planning and Minimisation

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Tax Planning and Minimisation

In addition to supporting all your compliance and tax requirements, we can also support you with tax planning and minimisation. This means that we help you find and access tax relief schemes, like Research and Development Tax Credits, or SEIS Tax Relief, to name just a few. We ensure that you never pay any more tax than you absolutely have to.

Effective tax planning can help to release cash flow and boost your profitability, and our tax advisors offer a range of tax planning and minimisation services to help you achieve this. Keeping up with the ever-changing tax legislation and relief schemes is time-consuming and difficult, but our tax experts can do this for you. We do the hard work for you whilst helping you create a strategy that helps you take advantage of tax relief schemes to minimise the amount of tax you pay.

We have an in-depth understanding of tax legislation and can assess what tax relief schemes your business is eligible for and how much your claims could be worth. We can even provide advice on how you can modify your business model or processes so you can claim back more in the future. Our tax experts have an in-depth understanding of HMRC rules and regulations so we can help prepare your claims and fill your forms in for you to ensure your claim is accepted. If any issues do occur with your claim, we can even handle correspondence with HMRC for you, saving you the hassle.

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Our Tax Planning and Minimisation Services

Research and Development Tax Claims

Research and Development (R&D) tax credits are available to UK businesses who are developing or improving upon innovative new products, processes or services. Many activities qualify for R&D tax relief, spanning across all industry sectors. Thousands of businesses throughout the UK are eligible, but they are unaware so are missing out on making a claim. Maple Accountancy has a team of R&D tax experts who can inform you if your activities are eligible and help you make a successful R&D tax relief claim, and possibly save hundreds of thousands of pounds every year.

Patent Box Tax Claims

Patent Box is a form of tax relief for innovative businesses, that allows companies to apply a reduced 10% corporation tax rate to profits attributed to patents and certain other similar types of intellectual property. Patent Box Tax relief applies to many companies who do not even realise, and Maple Accountancy can help check if you’re eligible and help prepare and submit your claim for you to ensure you claim back every penny you’re entitled to.

Capital Allowances on Property

Capital Allowance on commercial properties is potentially very valuable, however, it is often overlooked. Only a very small proportion of UK commercial property owners have made a tax relief claim, so there are thousands more property owners who could be claiming back hundreds of thousands of pounds of tax from HMRC. Maple Accountancy has submitted a large volume of successful claims for capital allowances on properties and generated significant tax savings for our clients.

Advance Tax Planning

Tax planning needs strategic, forward-thinking to achieve the best outcome. Each individual and business owner needs a bespoke solution to achieve their desired goals, rather than a one-size-fits-all approach which could save tax now but cause issues in the future. At Maple, we provide advanced tax planning to help you benefit from tax relief schemes and minimise the tax you pay now and in the future.

Inheritance tax planning (IHT)

Inheritance tax is a tax on the estate of a person who has passed away, and the amount you pay depends on the value of your estate. Your estate is valued based on your assets, for example, how much cash you have in the bank, property or businesses you own, vehicles, investments, or money from life insurance policies. Your estate can be taxed heavily and cost your loved one’s hundreds of thousands of pounds. Maple’s expert tax advisors can tell you how much Inheritance Tax your beneficiaries may have to pay in the future. We can then create a plan for passing on your wealth in the most tax-efficient way possible, to help you legally avoid paying a large amount of inheritance tax or even prevent you from paying any at all.

Personal Tax Planning

Personal tax can be complex and confusing to deal with and it can regularly change along with your circumstances. The way you structure your personal affairs can have a huge impact on the tax you pay. At Maple Accountancy, we work with you to come up with a tailored tax planning strategy to ensure you pay the least amount of tax. We can help you to access tax relief schemes and ensure your tax affairs are in order, legal and accurate, so you remain compliant. Our experienced tax advisors provide a comprehensive range of specialist personal tax planning services to individuals.

EIS/SEIS Tax Relief

The Enterprise Investment Scheme (EIS) and Seed Enterprise Investment Scheme (SEIS) are investment schemes that offer tax relief to individual investors who invest in small and medium-sized businesses. At Maple Accountancy, we can help you access and benefit from the EIS/SEIS tax relief schemes, to reduce the amount of tax you pay.

Venture Capital Trusts (VCT)

Venture capital trusts (VCTs) provide generous up-front tax relief including 30% initial tax relief against any taxable income, tax-free dividends from VCT shares, and no capital gains tax when you sell your VCT shares. Maple has detailed experience in the VCT market and can provide specialist advice on investing in VCTs and whether this is the right option for you.

Capital Reduction

Capital reduction is a method by which a company reduces its shareholder equity through cancelling shares and share repurchasing. Reduction in capital is done for a variety of reasons including increasing shareholder value and producing a more efficient capital structure. Capital reduction can be a complex process, and our expert tax advisors can help you reduce your share capital successfully.

Pension Schemes

A pension scheme is a long-term saving plan and a tax-efficient way to save money during your working life. There are several types of pension schemes and Maple Accountancy can advise you on the best option for you, so you can reap the benefits and enjoy more income later in life.

Why choose us?

Maple Accountancy has a team of expert tax advisors with years of experience helping individuals and businesses from a range of sectors with tax planning and minimisation. We ensure you remain compliant and always pay the exact amount of tax you need to, and never a penny more. We can help you look ahead and create a strategy and access a range of tax relief schemes to help minimise the amount of tax you pay.

When you choose Maple, you will get a dedicated tax advisor who will work closely with you to develop a deeper understanding of you or your business so they can offer fully informed tax advice to suit your specific needs. We understand choosing an accountant can be a difficult decision, that’s why we offer a free, no-obligation consultation with a member of our team to help answer any of your questions and so you can see if we are the right fit for you or your business. Contact us today to arrange your free consultation.

Get in touch

Each service has an assigned team member. Their contact details are provided below:

Claire Henly

Phone: 01332 207336
Email: claire.h@mapleaccountancy.co.uk

Address: 83 Friar Gate, Derby, DE1 1FL

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