Business Tax Advisory
For SMEs and growing businesses seeking a more proactive approach to tax planning. Beyond compliance. Into proactive tax planning.
Tax planning starts before the tax return
For many business owners, tax is something dealt with after the financial year has ended. The accounts are prepared, the Corporation Tax calculation is completed and the return is filed. But by then, many of the decisions that could have affected your tax position have already been made.
The way you structure your business, pay yourself, invest, manage expenses or plan future transactions can all have tax implications. IB&Co Tax Advisory is designed to help business owners, directors and growing SMEs take a more proactive approach to tax planning. We help you consider those implications earlier, when there may still be opportunities to plan effectively.
WHAT WE CAN HELP WITH
Our advisory support can include:
- Business and Corporation Tax planning
- Director remuneration planning
- Salary and dividend considerations
- Allowable expenses and tax efficiency
- Business structure reviews
- Property and Capital Gains Tax considerations
- Personal tax planning
- Tax residency and overseas income matters
- Forward-looking tax reviews before key business decisions
Who it's for
Business Tax Advisory is for business owners, directors and growing SMEs who want tax to be part of how decisions are made, not just something reported afterwards. It may be particularly relevant if you are:
- Growing your business and planning investment
- Reviewing how you take income from the company
- Considering a change to your business structure
- Reviewing allowable expenses and tax efficiency
- Planning a significant business decision or transaction
What you get
Depending on the scope we agree after your first call, you can expect:
- Identification of the key tax areas for your circumstances
- An initial assessment of risks and planning opportunities
- Priority recommendations and suggested next steps
- Where a detailed review is agreed, structured analysis, professional recommendations and an implementation plan
- Where required, ongoing planning and advisory support
What we do differently
This is not about aggressive tax avoidance. It is about understanding your position, planning properly and making informed decisions within the relevant tax rules. Compliance tells you what happened, while tax planning helps you think about what happens next. Our Tax Advisory service is designed to complement your existing accounting and compliance work.
A Proactive Approach
Many clients come to us after an important financial decision has already been made. Our aim is to increasingly support clients before those decisions happen. Whether you are growing your business, reviewing how you take income, investing in property or managing international financial interests, a proactive conversation can be more valuable than a reactive one. IB&Co Tax Advisory is designed to bring tax planning into the wider financial decisions you make throughout the year.
Want to see how salary and dividends compare for your company? Try our Salary vs Dividend Calculator.
How it works
Your first call is a Tax Planning Discovery Call. The purpose of the initial conversation is to understand your circumstances and determine where IB&Co can provide meaningful advisory support. From there, the process follows five clear steps.
Discovery
We start by understanding your circumstances and objectives.
Scope
We identify the areas requiring further consideration.
Review
Where appropriate, we undertake a detailed advisory review.
Recommendations
We provide professional guidance based on the agreed scope of work.
Ongoing Support
Where required, we provide ongoing planning and advisory support.
Meet your adviser
Ishmael Bangura, Managing Partner
Ishmael Bangura FFA is a qualified tax adviser and Fellow Financial Accountant with a finance degree and 15 years’ experience across corporate finance and practice. He and his team have helped more than 950 clients. IB&Co Accountants is regulated by the IFA and IPA.
Having built several businesses and exited one himself, he brings hands-on experience of start-ups, entrepreneurship and business processes to every client.
Other Tax Advisory Services
Tax questions rarely sit neatly in one area. Explore our other Tax Advisory services below.
Director Tax Planning
For company directors and shareholders reviewing remuneration and income extraction strategies. Salary, dividends, pension contributions and the timing of payments can affect both your personal and company tax position.
Corporation Tax Planning
For businesses seeking greater visibility and planning around Corporation Tax. We help you bring tax considerations into investment, expenditure and profit extraction decisions earlier in the year.
Personal Tax Planning
For individuals with multiple income streams or increasingly complex financial circumstances. A decision in one area of your finances can affect your tax position in another, so it helps to plan ahead.
Property & Capital Gains Tax
For property owners, landlords and investors. We help you understand rental income, joint ownership and Capital Gains Tax considerations before a sale, transfer or other major transaction.
Residency & International Tax
For internationally mobile individuals and those with overseas income or cross-border interests. We help you understand UK tax residency and overseas income questions before key decisions are made.
Inheritance Tax Planning
For individuals and families thinking about estate planning, gifting, trusts and reliefs. Inheritance tax planning is really about making sure your money goes to the people you care about.
R&D Tax Credits
For companies investing in innovation, in any sector. We help identify qualifying R&D activities, document the work and prepare claims, including the HMRC paperwork.
Tax Investigation Support
For individuals and SMEs facing an HMRC enquiry, compliance check or disclosure. We act as your authorised agent and deal with HMRC on your behalf, so you do not have to face HMRC alone.
Stamp Duty Land Tax (SDLT)
For property buyers, including purchases through a company and mixed-use property. We advise on reliefs, the higher rates for additional dwellings and possible SDLT reclaims, ideally before you exchange contracts.
Frequently Asked Questions
It can include business and Corporation Tax planning, director remuneration, salary and dividend considerations, allowable expenses, business structure reviews and forward-looking tax reviews before key business decisions.
Business owners, directors and growing SMEs who want a more proactive approach to tax planning, rather than dealing with tax only after the financial year has ended.
By the time the accounts are prepared and the return is filed, many of the decisions that could have affected your tax position have already been made. Planning earlier gives you more options.
No. It is about understanding your position, planning properly and making informed decisions within the relevant tax rules.
Not always, but it can help. Filing a return reports what has already happened. Tax advisory looks at important decisions before you make them, so you can understand the possible tax implications while there may still be room to plan.
Our Tax Advisory service is designed to complement your existing accounting and compliance work.
We quote after the Discovery Call, once we understand what you need.
Request a callback
Prefer us to call you? Leave your details, the service you are interested in and a convenient time, and a member of the IB&Co team will call you back to talk through your circumstances.
Talk to us before your next business decision
Let’s start with your circumstances. Book a confidential initial conversation with IB&Co to discuss your circumstances and identify the areas where Tax Advisory support may be appropriate. Where detailed tax advice is required, we will explain the recommended next steps and engagement process.
Bring your latest accounts or tax return and a note of what you want to achieve.
