Tax Consultancy & Planning

"No man is under the smallest obligation moral or otherwise, to arrange his legal relations to his business or property so as to enable the Revenue to put the largest possible shovel in his stores. The Revenue is not slow to take every advantage under Tax Legislation to deplete the taxpayer’s pocket. Similarly the taxpayer is entitled to be astute to prevent, so far as he honestly can, the depletion of his means by the Revenue." 

The above quote is a section from an old UK tax case (Ayrshire Pullman Motor Services v Inland Revenue 1929). Ironically the case was heard in 1929 at the time of the last great financial crises. The sentiments are no less applicable today. All businesses should comply with taxation laws but  business managers have a duty to minimise the amount of tax paid by their business so as to retain the maximum funds in the business and thereby minimise the costs of working capital.

We are available to discuss these issues now with existing and potential clients. We believe that such discussions can often produce tax saving ideas that were not previously known or confirm ideas that were not fully understood. So why not contact us today.