Business Tax

Incorporated companies are privy to various tax policies and benefits. Advice is provided for company structuring, expenses, and programs such as business asset disposal relief, entrepreneurs relief, and R&D relief.

If you are considering starting a business, there are tax implications that should be considered prior to trading (first day of operation). Together we will review your business model and goals so you can select the best business for you. We will also strategise for the present and upcoming tax years so your income and expenses are tax efficient.

If you earn over £90,000 in a tax year you will need to register for VAT and pay an additional 20% on goods or services provided. Flour Fleet provides advice for companies to structure their business so they remain under the pricing threshold and can keep their pricing competitive. If you must start charging, or already charge, VAT on your products or services, we provide advice for bundling, the reverse charge mechanism, and VAT-exempt items.

Self employed individuals have complex rules regarding their income and expenses. Self employed individuals will be given advice on how to best conduct their business operations and implement expenses for tax efficiency.

Property tax advice for business includes land, capital, intellectual property, patents, and plants and machinery. Advice is provided on capital allowances, transfer of going concern (TOGC), opt to tax, VAT, and capital gains tax. Tax advice is also available to landlords with property under their personal name or business.

Advice on how to structure your business in the most tax efficient way.