Tax planning in Oswestry for limited companies.
The company’s position reviewed before the year end, while pay, dividends, timing and capital spending can still change the bill. From 21 Hampton Road, Oswestry, for limited companies across Shropshire and the Welsh border.
What gets decided, and when.
Tax planning is a set of decisions with dates on them. Finstem Accountants takes them in this order, quarter by quarter, so nothing is left until the year has closed.
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Months one to three
Set the year up.
- Last year closed: accounts and the CT600 filed, the payment date in the diary
- Salary and dividend mix set for the new year against a profit forecast
- Payroll set up to run it from the first month
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Months four to six
Check the plan against the numbers.
- Profit to date compared with the forecast the plan was built on
- Dividends drawn so far checked against profit to date
- Capital spending for the year listed with dates, not guessed at
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Months seven to nine
Decide before the year end.
- Capital spending: which side of the year end each purchase falls
- Employer pension contributions decided while the year is still open
- The final salary and dividend position settled, not left to January
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Months ten to twelve
The year-end review.
- The review meeting, in person or by video, before the books close
- A written note of what was decided and why
- Corporation tax due nine months and one day after the period end; the CT600 twelve months after
A 20-minute call, then a quotation in writing.
Book a free discovery callWhat the plan covers.
Pay and dividends
The director’s pay and dividend mix, set against the year’s profit.
Timing
Which side of the year end each purchase and dividend falls.
Capital allowances
What qualifies, and which side of the year end to buy it.
Pensions
Employer contributions: whether, when and how much.
Questions about tax planning.
Get in touchQ1Is this tax avoidance?
No. It is using reliefs and allowances the way HMRC intends: capital allowances, employer pension contributions and the timing of purchases and drawings. Nothing artificial.
Q2Do I need a tax adviser or an accountant?
For a company director, one person doing both. Finstem Accountants prepares the accounts and returns, and the same accountant advises from the figures through the year. There is no separate consultant to brief. Accountants in Oswestry.
Q3When should I start?
As early in the accounting year as possible, because more options are open. Something is usually worth doing at any point, but the closer to the year end, the fewer the choices.
Q4My bookkeeping is behind. Does that matter?
Yes, and it is the first job. Planning from stale figures is guesswork. Finstem brings the books current first, then advises. Bookkeeping and VAT.
Talk to licensed accountants in the West Midlands.
Accounts, tax and payroll for limited companies and their directors, quoted in writing before any work starts.
“Always available when you need him, advice is really good. Helped my start-up business perfectly — wouldn’t have been able to do half the stuff if he wasn’t so attentive and helpful.”
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