Whilst the success of your business will inevitably depend upon on your knowledge, skill and hard work, there is no doubt that a sound tax strategy can make a valuable contribution too.

There are a wealth of legitimate tax planning opportunities which can help to reduce the tax burden helping you to retain important working capital in the business or to maximise your reward for all the effort you've put in.

We can help you with this.

We can start by advising on the best method of conducting your business (sole trader, partnership or limited company -- even a combination of these!). We explain the full tax and national insurance consequences and make suggestions to help keep such costs to a minimum.

We are on hand to explain the tax consequences of any important transaction you may be considering. In fact we encourage our clients to consult in this way. We may be able to suggest a better way to achieve the same result.

It's just as important to have a planned strategy for capital taxes, making sure that you are in a position to take advantage of some of the quite generous Capital Gains Tax and Inheritance Tax reliefs that have been introduced in recent years.

This can affect the way you initially acquire your business, or perhaps the decision to transfer your business to a limited company. Your plans for eventual sale or retirement from business will certainly need planning well ahead.

Tax rules are complicated and it is easy to fall foul of them. That's why it is important to keep such things under constant review, revising your approach to keep ahead of changes in tax legislation and to keep in tune with your wishes regarding lifestyle, retirement etc.