Have you had an unexpected or higher than anticipated tax bill recently?

UK taxpayers are paying £4.9 billion more in tax than they should and 74% of taxpayers admit they haven’t done anything to reduce their tax waste in the last 12 months.

No one wants to pay more tax than they have to, but many businesses and individuals end up doing just that, simply because they do not take advantage of the tax allowances and reliefs available to them.

Which taxes you have to pay, and how they can be reduced, will depend on a number of factors including how your personal and business affairs are organised.

At Lamont Pridmore, the way we approach tax planning is to review your lifetime tax affairs in a holistic way, taking into account personal, business and capital taxes as it’s very important to understand the way they effect each other.

It is also vital to have a tax efficient will and an inheritance tax and estate plan in order to safeguard your wealth for the benefit of future generations.

Our tax specialists will work closely with you so you can consider the tax implications of every important decision before it is taken. Our approach has nothing to do with tax avoidance, instead it is just good housekeeping to ensure that you can legally claim the allowances and reliefs that you are entitled to.

We will also undertake an annual tax planning review 3 months before your financial year end and again 3 months before the 5th April each year, to ensure that you keep your business and personal tax liabilities to a minimum.

To find out more about our Tax Planning and Tax Saving Service watch our short video.

Our in-house tax specialists, with their wide range of expertise and experience, will guarantee to reduce your tax bill. Significant savings can be made in the following areas:

  • Personal tax
  • Business tax
  • Capital gains tax
  • Inheritance tax

Lamont Pridmore understands that while everyone wants their business to be a success, tax payments are naturally linked to profitability. However, with careful planning at critical stages of the business cycle, it is possible to reduce your tax bill, leading to considerable savings resulting in more money going back into your business. In some cases, Lamont Pridmore can reduce a client’s tax liability to nil.

It is this attention to detail and proven track record of helping clients minimise their tax liabilities that has led to Lamont Pridmore being named as the <b>Top Tax Practice in a Regional Firm, Accountancy Firm of the Year and Dynamic Advisory Firm of the Year.</b>

Our tax saving approach:

  • Provide proactive annual tax planning before your financial year end
  • Implement a tax reduction strategy
  • Undertake activity-based tax planning before any:
  • Business expansion
  • Business acquisition or disposal
  • Leasing or finance deal
  • Asset acquisition or disposal
  • Improvements or repairs
  • Business or corporate restructure
  • Changes in circumstances
  • Develop the most tax-efficient profit extraction strategy for your company
  • Create tax-efficient remuneration packages and benefit structures
  • Install a tax-efficient motor vehicle strategy
  • Maximise your tax-free capital gains, income, pension and estate planning

Value for money

Lamont Pridmore is unique in that it quantifies the value they add to a client’s business, who will never pay more in fees than the benefits they receive. Currently, clients benefit financially by more than three times the fees charged.

If you would like to reduce your tax bill or receive a free tax saving report please speak to one of our tax saving specialists.

To discuss your own personal goals and circumstances in more detail, contact Lamont Pridmore on 0800 234 6978 or email info@lamontpridmore.co.uk.