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How to apply the triple bottom line framework in a small business
Our Capital Gains Tax Services offer you comprehensive expert advice to ensure you meet and mimimise your CGT liabilities.
Capital Gains Tax (CGT)legislation is a very complex area, with many reliefs and exemptions available. Navigating these can be difficult, so using an experienced tax expert can give you peace of mind, ensure you’re paying the right amount of tax and meeting all your obligations.
If you are planning to sell an asset or part of your business, strategic tax planning can help mitigate or reduce potential CGT liabilities.
Timing of disposal : Strategically timing the sale of assets can help reduce your overall CGT liability.
Use of allowances and reliefs : Planning for and utilising your annual exemption and applicable reliefs can make your disposal more tax efficient.
Asset transfer strategies : Exploring options for transferring assets to family members or into trusts can help to manage your CGT liability effectively.
Directors can receive bonuses and these are often annual and tied to performance. Like a salary, bonuses are subject to income tax and National Insurance Contributions where applicable.
An employers' NIC bill must be paid each month or quarter depending on how you run your payroll. It is paid along with any PAYE tax due to HMRC. You can pay your employers NIC liability online, or you can make a bank transfer or pay by cheque. You must allow time for your payment to clear by the deadline of 22nd of the month.
If you are a director of a limited company, you can receive a salary, bonus and receive benefits. If you are also a shareholder you can be paid a dividends from post-tax profits. For more information on how to pay yourself from a company, including the balance of salary and dividend income and what will affect your decision in our guide to directors’ pay.
How to apply the triple bottom line framework in a small business
Why DIY accounting could be more expensive than you think
When should you switch accountants?
Arrange a free consultation in person or via video with your local accountant. It’s an informal chat to get to know you and find out more about the help
We clearly explain the support available to you and are happy to act as business advisors in order to help you grow your business.
Our fees are fixed and tailored specifically to each individual's needs, so that you only pay for the level of support and services that you require.
Running your own business can be challenging so why not let TaxAssist Accountants manage your tax, accounting, bookkeeping and payroll needs? If you are not receiving the service you deserve from your accountant, then perhaps it’s time to make the switch?
We specialise in supporting independent businesses and work with 100,000 clients. Each TaxAssist Accountant runs their own business, and are passionate about supporting you.
We enjoy talking to business owners and self-employed professionals who are looking to get the most out of their accountant. You can visit us at any of our 409 locations, meet with us online through video call software, or talk to us by telephone.
Changing accountants is easier than you might think. There are no tax implications and you can switch at any time in the year and our team will guide you through the process for a smooth transition.