Effective tax planning requires considerably more than calculating a Corporation Tax liability at the end of the financial year. At MBS Accounting Services, we take a proactive and technically informed approach to tax planning, helping owner-managed businesses and SMEs structure their affairs efficiently while remaining fully compliant with current UK tax legislation.

​

Our starting point is to understand the complete financial and commercial position of the business. We consider profitability, cash flow, corporate structure, shareholder arrangements, directors’ remuneration and anticipated investment before assessing the tax implications and available planning opportunities.

​

For limited companies, this can include reviewing the optimum combination of salary, dividends, employer pension contributions and other forms of remuneration. We also consider the interaction between Corporation Tax, Income Tax, National Insurance Contributions and Dividend Tax to ensure decisions are assessed collectively rather than in isolation.

​

Capital expenditure is another important area of planning. The timing and nature of investment can affect the availability of capital allowances, including Annual Investment Allowance, writing-down allowances and other qualifying reliefs. Where significant expenditure is anticipated, planning before the transaction takes place can materially affect both the timing and overall level of taxation.

​

We can also review areas such as director loan accounts, associated companies, business disposals, capital gains, succession planning and the extraction or retention of profits. Where applicable, consideration can be given to available statutory reliefs and elections and the impact of transactions across different accounting and tax periods.

​

Tax planning should also form part of wider cash-flow management. Forecasting Corporation Tax liabilities and considering the timing of dividends, bonuses, pension contributions, capital expenditure and other transactions allows directors to make informed decisions with a clearer understanding of their future cash requirements.

​

Our approach is always based upon legitimate tax planning within the framework of UK legislation. We do not believe in artificial schemes or unnecessary complexity. Instead, we focus on ensuring that clients understand the tax consequences of their decisions and make appropriate use of the allowances, deductions and reliefs available to them.

​

Tax legislation continually evolves, making regular review increasingly important. By combining accounting information, tax knowledge and commercial understanding, MBS Accounting Services provides practical, technically informed advice designed to protect cash flow, improve tax efficiency and support the long-term objectives of the business.