Tax Advisory
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.
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. By the time a return is prepared, income has already been received, assets may already have been sold and business expenditure may already have occurred. Director remuneration may already have been paid, and property transactions may already be complete.
That is why proactive planning matters. 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. Our role is to help identify relevant questions, potential risks and planning opportunities based on your individual circumstances.
Compliance tells you what happened. Tax planning helps you think about what happens next. Our Tax Advisory service is designed to complement your existing accounting and compliance work, not replace it.
Our Tax Advisory Services
Each service below focuses on a different set of decisions. Choose the one closest to your situation to find out more, 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.
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.
Not sure which service you need?
Many questions cut across more than one area. Your first call is a Tax Planning Discovery & Scoping Call, where we start by understanding your circumstances and identify the areas that need further consideration.
What is IB&Co Tax Advisory?
Beyond compliance. Into proactive tax planning. IB&Co Tax Advisory is designed to help clients consider tax implications as part of wider financial and business decision-making. 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.
This is not about aggressive tax avoidance. It is about understanding your position, planning properly and making informed decisions within the relevant tax rules.
How it works
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.
Who we help
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
When to talk to us
Good moments to start a conversation with us include:
- 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
How we can work with you
After your first call, we agree the right level of support with you. Depending on what you need, that can take one of three forms.
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, business restructuring, 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.
Meet your adviser
Ishmael Bangura, Managing Partner
Ishmael Bangura is the Managing Partner of IB&Co Accountants. He has been a practising accountant and tax adviser in the UK for about 15 years, and in that time has advised more than 950 clients, including startups.
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.
Frequently Asked Questions
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.
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.
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.
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.
Depending on what you need, support can take the form of a Tax Health Check, a Tax Planning Review of a specific question or transaction, or Ongoing Tax Advisory with regular planning support. We agree the right option with you after the first call.
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 and scoping call, once we understand what you need.
The information on this page is general and is not tax advice for your circumstances.
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.
Don't wait for the deadline to start the conversation.
A proactive conversation today could provide greater clarity before your next important financial decision. Your first call is a Tax Planning Discovery & Scoping Call: a confidential initial conversation to discuss your circumstances and identify the areas where Tax Advisory support may be appropriate.
Bring your latest accounts or tax return and a note of what you want to achieve.