2. How can I be more tax efficient? (as an individual and as a business)

24th November 2023

For individuals, we will investigate your sources of income and make sure that you are fully compliant and declaring everything you need to. Next, we will analyse and advise you on the structure of your assets and sources of income to ensure that you are maximising available tax-efficient options.

There are several ways to do this, including sharing certain tax reliefs with your partner, incorporating property investments, or by using a trust.

For businesses, we will look at the way your business is structured, any business partners or groups you are part of, the industry you operate in, and more to work out where you could maximise the extraction of profits. We will also be able to advise you on government schemes, like those available for research and development, to reduce unnecessary expenditure.

We can even advise high net-worth families who are thinking of utilising investment or property companies as tax efficient vehicles, too. Get in touch with Edwards Accountants today to discuss your options and find out how we could help you.