KRA Tax Planning and Tax Advise
Tax planning must be tax compliant which means that you pay the right amount of tax (but no more) in the right place at the right time. To put tax compliance another way – it means you can place all your cards face up on the table in front of HMRC and know there is nothing they would want to challenge.
Therefore at KRA we endeavor to give you the choices available to you and the tax consequences of these individual choices and more importantly how they interact with other business strategies so that we can plan transactions to ensure the smallest amount of tax is paid as far into the future as possible.
This is the type of service our clients most like to receive, and the one we enjoy the most. Typical areas where a little prior tax planning can result in minimising your overall tax charge are:
- Wills and Inheritance Tax,
- Pensions and retirement,
- Capital gains tax elections on second homes,
- Exit route plans,
- Remuneration for the SME owner manager,
- Business use of vehicles,
- Trading through the most tax efficient medium,
- Transaction structuring.
We at KRA will try to to ensure you pay the minimum amount of tax possible as far in the future whilst ensuring you stay within the HMRC rules.