Strategic Tax Planning Services
Minimise Your Tax Liability Legally & Maximise Your Wealth | MHC & CO
Paying More Tax Than Necessary?
Tax planning isn't about evasion—it's about smart, legal strategies to structure your finances in the most tax-efficient way possible. While tax preparation looks backward, tax planning looks forward to save you money next year and beyond.
Tax Planning vs Tax Preparation
Most accountants prepare taxes. We plan them:
Tax Preparation
Historical & Reactive
Completing forms for what already happened. Necessary, but limited in savings potential.
Tax Planning
Future & Proactive
Strategic decisions made today to minimise future tax liabilities. Where real savings happen.
💰 The average business saves 15-25% on their tax bill through professional tax planning. That's £7,500-£12,500 saved on a £50,000 profit.
When Tax Planning Matters Most
Business Growth
Expanding, hiring, purchasing equipment, or increasing turnover significantly.
Structural Changes
Changing from sole trader to limited company, partnership changes, or restructuring.
Asset Transactions
Buying/selling property, business assets, investments, or company shares.
Life Events
Retirement planning, inheritance, gifting, or preparing for business succession.
⏰ Timing is everything in tax planning. Many strategies must be implemented before the tax year ends on April 5th.
Key Tax Planning Areas
Our comprehensive tax planning covers all aspects of your financial life:
Business Structure
Choosing between sole trader, partnership, or limited company for optimal tax efficiency.
Income Extraction
Salary vs dividends, pension contributions, benefits, and director's loan accounts.
Capital Allowances
Maximising claims on equipment, machinery, vehicles, and business improvements.
Pension Planning
Using pension contributions to reduce corporation tax and income tax liabilities.
Research & Development
Claiming R&D tax credits for innovation and technological advancement.
Inheritance Tax
Business Property Relief, gifting strategies, and trust planning.
Tax Planning in Action: A Real Example
Limited Company Director - £80,000 Profit
Without tax planning vs. With our strategic tax planning:
Total Tax Paid
(No Planning)
Savings Through
Planning
Total Tax Paid
(With Planning)
Annual Savings
(28% Reduction)
Savings achieved through optimal salary/dividend mix, pension contributions, and expense planning.
Common Tax Planning Strategies
Income Splitting
Employing family members at commercial rates to utilise their personal allowances and lower tax bands.
Pension Contributions
Making company pension contributions (deductible for corporation tax, tax-free for the individual).
Capital Investment Timing
Timing asset purchases to maximise Annual Investment Allowance and super-deductions.
VAT Schemes Selection
Choosing between Standard, Flat Rate, or Cash Accounting schemes for optimal VAT position.
R&D Tax Credits
Claiming up to 33% back on qualifying research and development expenditure.
Entrepreneurs' Relief
Planning business sales to qualify for 10% Capital Gains Tax rate (now Business Asset Disposal Relief).
Our Tax Planning Services
⏰ Tax Year End: April 5th
Many tax planning opportunities disappear after the tax year ends. Don't wait until March to start planning—optimal strategies often require 6-12 months to implement properly.
Plan Before the DeadlineStop Overpaying Tax. Start Strategic Planning.
Tax planning isn't an expense—it's an investment that typically returns 3-5x its cost in tax savings. With changing tax legislation and increasing complexity, professional tax planning has never been more valuable.