Tax Planning

Given the complexities of tax regulation, allowances and rates, keeping a handle on your tax affairs can be a daunting task.

Essential to the approach of managing your liabilities is tax planning. This is where we feel that Wylie & Bisset’s specialist tax advisers come in and add value for you and / or your business.

Here are just some of the things we undertake for our clients:

Personal tax and corporate tax year-end planning reviews

Whether an individual or company, it pays to review and anticipate the year-end tax position. We do this by assessing whether any pre year-end strategies can be put in place to minimise the total tax bill.

Capital Gains Tax (CGT) planning

We can assist with CGT minimisation strategies in anticipation of an asset sale.
We can also undertake Entrepreneurs’ Relief reviews and monitor the availability of the relief on an ongoing basis.

Inheritance Tax (IHT) planning

For many, thinking about IHT is difficult. We view IHT planning as an opportunity to relieve your family of the IHT burden at a difficult time.
We also offer a Business Property Relief review service for those holding business assets and company shares, and advise on relief maximisation planning.

Strategic planning and business restructuring

We look at ways of maximising the value of your business and can consider restructure options suitable to your needs.
We also provide transaction support and tax due diligence, as required.

Relief maximisation

We believe in using available HMRC reliefs to the full.
Examples include the following:
• Capital allowances reviews
• R & D assistance and support
• Patent Box assessment

Tax investigations

We have advisers experienced in negotiating with HMRC on complex tax matters and can take clients through the minefield of HMRC’s investigation process should they become subject to it.
Additionally, we offer a Tax Investigations Service to clients, which can protect against the professional costs arising on investigation.
This protection is provided by an organisation recognised by ICAS.