SPECIALIST SERVICE

BUSINESS TAX PLANNING

We have an excellent reputation for innovative and reliable tax planning as well as for curating the most tax efficient structure. Businesses can benefit from our practical and proactive approach at all stages of their development.

STARTING UP IN BUSINESS

The primary aim of nearly every business is to make profits for its owners. Sometimes, however, the intention is to build up the business so that it can be sold for a capital gain.

Our tax specialists can help you to identify the best structure for your start-up business to minimize the tax, both on trading profits and on the sale of the whole or part of, the business. The business structures include sole traders, partnerships, limited liability partnerships and limited companies.

Our advice also covers different classes of shares and profit-sharing arrangements.

If you are entering into a business venture with other companies or individuals, across geographies, we can guide you on the tax intestacies and help you structure the transaction.

ESTABLISHED BUSINESSES

We work very closely with our clients so that, once your business is up and running, tax saving opportunities can be identified when they arise. This is a more strategic alternative to merely entering the previous year’s results on the tax return and working out when any liability must be paid.

PAYROLL AND BENEFITS

How your staff and stakeholders are paid is very important, so we help you ensure that your strategies are tax efficient. This includes, profession tax compliance, provident fund contributions, pension contributions and schemes, share options, allowances, benefits in kind (including cars) and trusts.

GST PLANNING

GST is, in theory, a cost only to a business which is not GST registered or is making GST exempt supplies. If a business can maximise the GST recovered on its purchases, and minimise the GST on sales, then this can significantly increase profits.

GST rules are complicated, often changing and there are heavy interests and penalties for failing to comply. An unforeseen liability following a GST inspection can also have a detrimental effect on cash flow.

We use a stringent process flow to track the clients GST liability and availed input tax credit. Monthly reconciliation sheets are maintained and reviewed quarterly to track credit available and reversable.

Our team of GST specialists can review your business and its systems to ensure that GST planning opportunities are considered, and the risk of non-compliance is minimised.

ACQUISITIONS AND DISPOSALS

We have considerable experience of advising on the buying and selling of businesses and projects. This includes not just the sale of a whole business but also the disposal of a division or subsidiary, or the retirement of a partner or shareholder in lines with the IBC regulations.

Larger groups of companies may need to undergo a reconstruction prior to a sale, and the reconstruction is likely to need an advance clearance from various regulatory bodies.

We will help you negotiate and agree all terms, including the:

  • price

  • nature of undertakings and guarantees, and

  • form and timing of the consideration.

  • It is often advantageous for each party to consider the tax position of the other, since any savings to the other party can be reflected in the price.

  • For those buying businesses we can carry out due diligence for tax purposes on the proposed purchase, to ensure that no previously unforeseen liabilities come to light after the acquisition.

We specialize in handling complicated purchase and sale issues. Our clients appreciate our hands-on approach and our ability to drive the transaction, if required.

Our team have an excellent network of contacts in the funding industry and may be able to make an introduction that helps you secure the funding needed for your transaction.

CAN WE HELP?

If we can help you with your tax compliance and planning, please contact our specialist team shown on the contact us page or email us on anil.sekhri@gmail.com.

Specific advice should be obtained before taking action, or refraining from taking action, on any of the subjects covered above.

The Accounting and audit team

STEWART JELL

Principle

STEWART JELL

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STEWART JELL

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STEWART JELL

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STEWART JELL

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STEWART JELL

Principle

STEWART JELL

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STEWART JELL

Principle

HOW WE HELP

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HOW CAN WE HELP?

Want easier ways to manage your accounts? Got a tricky question about tax? Looking to grow your business? Get in touch and our team of experts will help.

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