Tax and tax planning for start-ups

At Penn Management Services we can assist start-up businesses in the Cannock area with all aspects of tax and tax planning.

Failure to plan for business taxes can cost you money.

Although you should never let tax breaks persuade you to make a poor business decision, it is essential that as part of your planning for your new business, you build in steps to minimise taxes.

What does business tax planning involve? The areas you'll need to consider include:

  • The 'structure' of your business
  • Claiming tax deductible expenses
  • Taking advantage of capital allowances
  • Making the most of tax reliefs
  • Involving family members in your business
  • Business year end planning
  • Reducing your capital gains tax liability
  • And eventually, planning for a tax-efficient exit from your business.

You might also need our help with:

  • Completing your self-assessment returns
  • PAYE and national insurance contributions
  • Choosing the best VAT scheme

Every business has its own, unique circumstances, and you should always seek our advice before acting. Contact us and we'll be glad to help you.

If you are starting a business in the Cannock area and would like help with tax and tax planning for start-ups, contact Penn Management Services.

Home | Contact us | Site map | Accessibility | Disclaimer | Help |

© 2024 Penn Management Services. All rights reserved. | Company Number: 03655701

Penn Management Services, 1 & 2 Heritage Park, Cannock, Staffordshire WS11 7LT
We use cookies on this website, you can find more information about cookies here.

In accordance with the disclosure requirements of the Services Regulations 2009, our professional indemnity insurer is Allied World Assurance Company (Europe) Limited, of 20 Fenchurch Street, 18th and 19th Floors, London EC3M 3BY. The territorial coverage is worldwide excluding professional business carried out from an office in the United States of America or Canada and excludes any action for a claim brought in any court in the United States of Amercia or Canada.

We are registered to carry on audit work in the UK by the Institute of Chartered Accountants in England and Wales and details about our audit registration can be viewed at www.auditregister.org.uk, under reference number C008875364.