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How to apply the triple bottom line framework in a small business
Achieve the retirement you want by planning your pension and retirement with expert advice from Financial Planning by TaxAssist.
Financial Planning by TaxAssist offers expert advice on pension planning and retirement covering all pension scenarios from employed individuals, to self-employed, to company directors. The expert team at Financial Planning by TaxAssist support clients with setting up pensions, reviewing existing pensions, and retirement planning.
Financial Planning by TaxAssist provides a range of pension solutions, including:
Personal Pensions : Start saving for retirement, benefit from tax efficiencies and compounding interest to help your savings grow.
Limited Company Director Pension Contributions : Tax-efficient pension contributions for company directors, potentially saving on corporation tax and personal tax.
Pension Review and Consolidation : Optimise existing pensions to ensure they are well-invested and performing optimally.
Retirement Planning : Assistance with retirement planning, including withdrawal methods and tax implications.
"Excellent service and advice all round
Every step was explained clearly, communication was and is first class and nothing was too
much trouble.
Moving from one of the largest Pension providers in the UK, dealing with Taxassist Financial
Services has been a breath of fresh air."
Andrew Davis, Cornwall, 23 February 2024
Independent Financial Planners : Their highly qualified advisers can provide personalised and tailored pension services.
Free Initial Consultation : Financial Planning by TaxAssist offer a free initial meeting to discuss your situation and goals.
Ongoing Retirement Planning : They provide ongoing support to ensure your pension investments will meet your future plans.
Tax Efficient : Financial Planning by TaxAssist work hand in hand with your accountant to ensure your pension savings are as tax efficient as possible.
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.