1. You will save tax
When was the last time you reviewed all your personal and business affairs and applied this to current tax legislation. Both these parameters change on a regular basis and without formally reviewing your situation tax saving opportunities get lost.
2. It is beyond the tax compliance service that is part of your annual fee
All accountants provide tax compliance as part of their annual fee, some will provide a bit of tax advice making sure you pay the right salary and dividends or suggestion a pension contribution.
Our 32 ways tax review looks at your overall affairs both personally and in the business, looking at where you may benefit. When was the last time you considered bringing in family members? How do you know what the right pension contribution is to make?
You can read more about the different levels of tax service here.
3. It can help alleviate April 2022’s increase in NIC
No-one was expecting the April 2022 NIC increase, using a salary sacrifice pension scheme can reduce your employees NIC and your employers NIC.
4. It quantifies the amount of tax you can save which forces action
On their own some of the savings may seem insignificant, however combined they have a larger compound effect, which when measured motivates clients to take action to make these changes.
5. Action plan
Our 32 ways report includes an action plan which avoids procrastination over where to start and what to do next. Enabling you to take advantage of these savings as soon as possible.
6. It can help incentivise employees
This service also includes tax savings and tax free benefits for employees which can help incentivise and motivate them.
7. Helps you plan for the future
Most conversations with accountants are looking into the past. Our 32 ways tax review service looks into your future aspirations and circumstances helping ensure that no future tax savings opportunities are lost.
8. Money back guarantee
If we don’t find twice the fee in tax savings we will refund the cost of the tax review.
9. Increases personal wealth
Not only does the 32 way review look at saving tax, it looks at increasing the value you can extract out of your business increasing your personal wealth.
10. Aligns business and lifestyle goals
Part of the review enables us to understand your personal and lifestyle goals ensuring that the 32 ways are applied to this. The review also prompts questions about your lifestyle goals that aren’t normally asked as part of the annual accounts and corporation tax service.