Corporation Tax Planning
For businesses seeking greater visibility and planning around Corporation Tax, with tax considered before decisions are made rather than at the year end.
Plan before the year end, not after it
Most businesses do not intentionally overpay Corporation Tax. But some businesses may miss legitimate planning opportunities simply because tax is only considered once the year-end accounts are being prepared. By that stage, certain decisions may already be difficult or impossible to change.
The better question is not simply what Corporation Tax you owe. It is: have we planned our business decisions with potential tax implications in mind? Rather than waiting until the end of the financial year, we can help you introduce tax considerations earlier into important business decisions.
WHAT WE REVIEW
Depending on your business and circumstances, tax planning may involve reviewing:
- The timing of expenditure
- Capital investment decisions
- Allowable business costs
- Pension contributions
- Business structure
- Profit extraction strategies
- Business reinvestment plans
- Timing of significant transactions
Not every opportunity will apply to every business. That is exactly why a tailored review matters.
Who it's for
Corporation Tax Planning is for limited companies and their directors who want greater visibility of their Corporation Tax position during the year. It may be particularly relevant if you are:
- Planning capital investment or significant expenditure
- Reviewing how profits are extracted or reinvested
- Considering a change to your business structure
- Planning the timing of a significant transaction
- Growing and want tax considered alongside your plans
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
Compliance tells you what happened. Tax planning helps you think about what happens next. At IB&Co, our Tax Advisory service is designed to complement your existing accounting and compliance work.
A Proactive Approach
Rather than waiting until the end of the financial year, we can help clients introduce tax considerations earlier into important business decisions. That might mean looking at the timing of expenditure before you commit to it, reviewing capital investment decisions while they are still being planned, or considering profit extraction and reinvestment together. Your year-end accounts then reflect decisions that were made with their tax implications in mind.
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.
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.
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
Depending on your business, it may involve reviewing the timing of expenditure, capital investment decisions, allowable business costs, pension contributions, business structure, profit extraction, reinvestment plans and the timing of significant transactions.
By the time the year-end accounts are being prepared, some decisions may already be difficult or impossible to change. Considering tax earlier helps you plan business decisions with the potential tax implications in mind.
No. Not every opportunity will apply to every business. That is exactly why a tailored review matters.
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 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.
Review your Corporation Tax position
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.
