Running your own business is rewarding, but it comes with complex tax obligations. With the right planning, owner-managers can reduce tax liabilities, preserve profits, and reinvest in growth. We provide clear, practical advice tailored to your business and personal circumstances, whether you’re planning ahead or managing existing obligations.

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Understanding Tax for Owner-Managed Businesses

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Owner-managed businesses in the UK face multiple layers of tax, affecting both the company and its owners. Key considerations include:
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• Corporation Tax on company profits
• Income Tax on salaries and dividends
• National Insurance contributions (employer and employee)
• Capital Gains Tax on the sale or transfer of business assets or shares
• Business reliefs, including Business Asset Disposal Relief (Entrepreneurs’ Relief)

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Business Tax Planning – What We Advise On

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We help owner-managers plan effectively by advising on:
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• Optimising the mix of salary and dividends to minimise personal tax
• Structuring ownership and shareholdings efficiently
• Planning for business disposals and succession
• Taking full advantage of reliefs such as BPR, R&D credits, and capital allowances
• Cashflow planning to manage tax liabilities
• Reviewing existing arrangements to ensure long-term efficiency

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Supporting Owner-Managed Businesses

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Managing taxes can be challenging for growing businesses. We provide support with:
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• Preparing and submitting corporation and personal tax returns
• Calculating tax liabilities accurately and planning for payments
• Liaising with HMRC on complex business tax matters
• Advising on expansion, investment, and restructuring for tax efficiency
• Supporting business succession and exit strategies