Tax planning should happen before the decision, not after the deadline.
IB&Co Tax Advisory helps business owners, company directors, individuals and internationally connected clients understand the potential tax implications of important financial decisions before they happen.
- Regulated by the IFA and IPAInstitute of Financial Accountants and Institute of Public Accountants
- About 15 yearsIshmael Bangura FFA, accountant and qualified tax adviser
- More than 950 clientsadvised, including startups
- Level 37, 1 Canada SquareCanary Wharf, London E14 5AA
Most tax returns look backwards
Your tax return tells you what has already happened. But many of the financial decisions affecting your tax position were made months earlier. That is why proactive planning matters.
- Before the decisionSale, purchase, pay rise or move. This is when there is most room to plan.
- Tax year end5 April.
- Filing deadline31 January. By then the facts are fixed.
Planning before the decision
Timing, structure and allowances can still be considered, and you can understand the possible tax implications while there may still be room to plan.
By the time a tax return is prepared
- Income has already been received
- Assets may already have been sold
- Director remuneration may already have been paid
- Property transactions may already be complete
Ten services, one joined-up view of your tax
Each service focuses on a different set of decisions. Choose the one closest to your situation, or book a Discovery & Scoping Call if you are not sure where to start.
Business Tax Advisory
For SMEs and growing businesses seeking a more proactive approach to tax planning. We help owners and directors consider the tax implications of business decisions before the year end, not after it.
Find out moreDirector 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.
Find out moreCorporation 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.
Find out morePersonal 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.
Find out moreProperty & 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.
Find out moreResidency & 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.
Find out moreInheritance 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.
Find out moreR&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.
Find out moreTax 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.
Find out moreStamp 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.
Find out moreTax considered as part of every important decision
IB&Co Tax Advisory is designed to help clients consider tax implications as part of wider financial and business decision-making. Our role is to help identify relevant questions, potential risks and planning opportunities based on your individual circumstances.
Our Tax Advisory service is designed to complement your existing accounting and compliance work, not replace it.
This is not about aggressive tax avoidance.It is about understanding your position, planning properly and making informed decisions within the relevant tax rules.
You may benefit from Tax Advisory if you are:
- Running a growing business
- Taking income from a limited company
- Receiving dividends
- Investing in property
- Planning to sell an asset
- Receiving overseas income
- Moving to or from the UK
- Managing income from multiple sources
- Making a significant financial decision
Good moments to start a conversation:
- Paying yourself as a director
- Selling or exiting a business
- Buying, letting or incorporating property
- Moving to or leaving the UK
- Passing on wealth to family
- The run-up to tax year end
- Receiving a letter from HMRC
Your first call is a Tax Planning Discovery & Scoping 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.
The right level of support, agreed after your first call
Tax Health Check
Suitable for clients who need an initial structured review of their circumstances.
Possible output: identification of key tax areas, initial risk and opportunity assessment, priority recommendations and suggested next steps.Tax Planning Review
Suitable for clients with a specific tax question, transaction or planning requirement, such as director remuneration, Corporation Tax, property, Capital Gains Tax, residency or overseas income.
Possible output: detailed review, structured analysis, professional recommendations and an implementation plan.Ongoing Tax Advisory
Suitable for businesses and individuals requiring regular strategic tax support.
Possible structure: quarterly planning meetings, tax impact reviews, transaction support, access to advisory support and forward planning.Received a letter from HMRC? Speak to us before you reply.
You do not have to face HMRC alone. We act as your authorised agent and deal with HMRC on your behalf, from aspect enquiries and VAT or PAYE checks to Code of Practice 8 and 9 investigations and disclosures.
What to do first
- Read the letter carefully and note the HMRC reference number, the officer’s name and the response deadline.
- Do not respond to HMRC directly yet. Wait until you have professional advice.
- Do not ignore the letter. There are strict deadlines, and ignoring HMRC makes the situation significantly worse.
- Gather relevant records. The letter usually specifies what HMRC wants to see.
- Contact IB&Co today.
Time limits for response are often very short. Email hello@ibandco.co.uk (subject “URGENT: HMRC”) or call 020 7164 0225.
Advice from the person who will look at your figures
Ishmael Bangura
Managing Partner, IB&Co Accountants
Ishmael Bangura FFA is a qualified tax adviser and Fellow Financial Accountant with a finance degree and about 15 years’ experience, including earlier corporate roles. He has helped more than 950 clients. IB&Co Accountants is regulated by the IFA and IPA.
Ishmael is also an entrepreneur who has built and exited businesses of his own, and that experience of running a business informs how he approaches tax planning with clients.
What clients say about working with Ishmael and the team
He gives great advice and often goes beyond the call of duty… Regular up to date information regarding changes made by HMRC so we are always in the loop of what’s going on.
Enviseur LtdGoogle review
Ishmael and his team have been excellent at supporting us, whenever we need it. Responsive, friendly and helpful service!
Centre for ResearchGoogle review
The principal, Mr Ishmael Bangura, always goes beyond the call of duty to make sure we are ok.
Benjamin PiusGoogle review
Frequently asked questions
What is tax advisory?
Tax advisory helps you consider the potential tax implications of important financial and business decisions before they happen, rather than after the deadline. Our role is to help identify relevant questions, potential risks and planning opportunities based on your individual circumstances.
Who is IB&Co Tax Advisory for?
Business owners, company directors, individuals and internationally connected clients. You may benefit if you are running a growing business, taking income from a limited company, investing in property, planning to sell an asset, receiving overseas income or moving to or from the UK.
When is the best time to talk to you?
Before the decision, not after the deadline. Many of the decisions that affect your tax position are made months before a tax return is prepared, so an earlier conversation gives more room to plan.
What happens on the first call?
Your first call is a Tax Planning Discovery & Scoping Call. We start by understanding your circumstances and objectives, then identify the areas that may need further consideration. Where detailed tax advice is required, we explain the recommended next steps and engagement process.
Do I need tax advice if my accountant already files my returns?
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.
How are fees agreed?
We quote after the discovery and scoping call, once we understand what you need.
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.
If you have received a letter from HMRC, please include the response deadline in your message.
Request a call back
We will call you back at a time that suits you.
Don’t wait for the deadline to start the conversation.
A proactive conversation today could provide greater clarity before your next important financial decision. Bring your latest accounts or tax return and a note of what you want to achieve.