No one likes paying tax… but we are here to make sure you pay your fair share.
We aim to help you arrange your affairs in a manner that you pay as little tax as is legally possible.
We frequently find that tax can be the most daunting part of your financial affairs, however our Tax Director, Sara Crowther has over 15 years’ experience in the complex world of corporate tax and is supported by our Tax Manager, Harriet Turner, who are both more than happy to assist you with this burden.
The services we offer…
Routine tax work and tax compliance, such as the preparation of your corporate or personal tax returns is normally undertaken by your main contact at Crowthers.
Your main contact may introduce you to Sara or Harriet once your affairs start to become more complicated and we see the need for a tax specialist to be involved.
If you do not wish to move away from your current accountant, but require more substantial tax advice we offer stand-alone, independent tax consultancy advice on an ad hoc basis.
The additional tax services we offer are:
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Is your business outgrowing its current structure or does it no longer fit yours or the business needs? |
Company Purchase of Own Shares
Is a current shareholder looking to retire or withdraw from the business? Are you in the middle of a family or business dispute? |
Do you have two trades that you would like to split into different entities? Do your current shareholders have separate visions for the future of the business? |
Would you like to extract more money from your business? |
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Do you have a shareholder looking to retire? Would you like to hand down the family business? |
Do you have key members of your workforce that you would like to incentivise or retain to ensure that they help grow your business? |
Enterprise Investment Scheme (EIS) Investments Are you a new start up and looking for capital investors to help develop and grow your dream? |
Stamp Duty Land Tax (SDLT) planning Are you relocating, purchasing a property portfolio or development project? |
To contact us in the first instance please speak to…
Our tax services are based in our Cheltenham office and are led by Director, Sara Crowther.
Sara is supported by Harriet Turner our Tax Manager.
Corporate restructuring
Is your business outgrowing its current structure or does it no longer fit yours or the business needs?
An independent tax review is often the most practical way to consider any changes which may be worthwhile.
The restructuring solutions that our corporate tax team can consider include:
- Incorporation;
- Changes in share ownership for example bringing in the next generation or key employees;
- Share or asset disposals;
- Introduction of a Group to help raise finance, protect existing assets or in preparation for a Company sale; and
- Share for share exchanges.
Company Purchase of Own Shares
Is a current shareholder looking to retire or withdraw from the business? Are you in the middle of a family or business dispute?
As long as you have a valid commercial reason, a repurchase by the company of it existing shares can often prove to be the cheapest and most tax attractive route.
We can assist you with the whole process from completing the Clearance Application to liaising with your solicitors to ensure the correct documentation is filed with Companies House.
Demergers
Do you have two trades that you would like to split into different entities? Do your current shareholders have separate visions for the future of the business?
In the modern day, it is not uncommon for business owners to make the decision to split an existing company into two separate legal entities and this can be achieved by enacting a demerger.
Whilst there can be substantial legal fees involved with a demerger, you may find the initial outlay is outweighed by the future benefits that a demerger provides.
If structured correctly a demerger has little or no tax consequences and is an attractive option for most business owners to achieve their end goal. Our corporate team is able to provide you with advise surrounding which demerger would be best suited to your needs as well as ensuring the demerger is carried out correctly.
Remuneration Planning
Would you like to extract more money from your business?
We can carry out a review of your current situation and discuss with you the Company’s and your personal income requirements.
With corporation tax and income tax rates increasing, the structure that you currently have in place may no longer be the most efficient, so it is worthwhile revisiting this.
If you are a Company which is eligible for Research and Development tax relief a dividend versus salary comparison would also be a valuable exercise to complete, as if you are involved in the R&D activities your salary may obtain additional tax relief.
Exit and succession Strategy
Do you have a shareholder looking to retire? Would you like to hand down the family business?
Many business owners are aware of the tax reliefs available to shareholders on the disposal of their shares in a company, however the timing of such transactions and ever-changing legislation means having a tax adviser involved from early on in any transaction can be beneficial.
You may also find that the retirement of an old shareholder, opens up the discussions for implementing other business changes, including restructuring the business or bringing in new investors.
Employee Share Schemes
Do you have key members of your workforce that you would like to incentivise or retain to ensure that they help grow your business?
Employee Share Schemes can be a tax efficient means of offering staff shares in your company and if you utilise a HMRC approved scheme your employees should not pay any Income Tax or National Insurance providing the business and the employees meet certain conditions.
Crowthers corporate team can aid with setting up and implementing a share scheme, corresponding with your solicitors to ensure everything is documented correctly and completing all HMRC compliance that is linked with the introduction and ongoing reporting requirements.
Enterprise Investment Scheme (EIS) Investments
Are you a new start up and looking for capital investors to help develop and grow your dream?
An EIS scheme is frequently becoming an attractive proposition for investors as it offers tax reliefs to the individuals, whilst helping your business to grow.
We are here to assist you through the process. The initial application process can be substantial so it is advisable to have a tax adviser involved in the Advanced Assurance application.
Once Assurance has been obtained, we can support you with completing the compliance statements and ensuring the investment certificates are issued to your investors.
Stamp Duty Land Tax (SDLT) planning
Are you relocating, purchasing a property portfolio or development project?
From what use to be quite a simple part of the tax legislation, SDLT has developed into one of the most complex areas of tax and can quite often be forgotten about.
Our team specialise in reviewing property transactions, calculating the potential SDLT charge, and advising on SDLT reliefs which may be available to you.
If you are looking to buy a property in the near future, please get in touch as soon as possible, as time is of the essence when determining the correct vehicle to purchase a property through.
