02
DECLorem ipsum dolor
How to apply the triple bottom line framework in a small business
Our tax planning service for individuals is designed to offer you an expert and effective approach to managing your tax liability.
The UK tax system can be complicated, meaning you could be paying more tax than necessary. Using our expert tax planning services - tailored for you - helps ensure you are paying the correct amount of tax.
Personal tax planning is looking at the choices you can make to lower your tax bill. Tax planning makes sure that you claim all the expenses, reliefs and allowances that you are entitled to.
Our highly experienced accountants keep up to date with tax legislation and get to know you to offer you the most beneficial strategic tax planning advice.
Brightbooks Accountants excels in offering you strategies to minimise your tax liabilities. Our knowledgeable team will work closely with you to understand your individual needs to compile a bespoke tax planning strategy that works for you.
As your circumstances change our experts can support you to re-evaluate your tax planning strategies to ensure they are always aligned to your personal situation.
Financial Planning by TaxAssist provides a range of pension solutions, including:
Saving in ISAs : Individuals Savings Accounts (ISAs) offer tax-free investments up to an annual limit of investment. ISAs are available to all individuals and offer tax efficient savings.
Making charitable donations : Charitable donations can increase your basis rate band, meaning more of your income is taxed at the basic rate.
Paying additional pension contributions : Making additional contributions to your pension pot can reduce your taxable income, resulting in a lower tax liability.
Making the most of the dividend and savings allowance : Some individuals are eligible to the dividend and savings allowance. These tax-free allowances mean some individuals are not taxed on their first dividend and savings income up to certain thresholds.
Transferring income to a spouse or civil partner : You may be able to transfer up to £1,260 of your personal allowance to or from your husband, wife or civil partner.
Using tax efficient investment schemes such as Venture Capital Trusts (VCTs), (Enterprise Investment Schemes (EIS) and Seed Enterprise Investment Schemes (SEIS) : Investing in certain schemes may entitle you to tax relief up to certain maximum investment levels.
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.