Business Tax Planning

By understanding your business we can be proactive with strategic recommendations and advice

Tax is much more than a compliance obligation. We will work with you to provide practical solutions that will help maximise your businesses profits by minimising your tax liabilities.

Tax can be complex. Our highly trained tax specialists work with you to develop the right strategies for your business.

As a business owner, no matter the size or structure of your company, we understand that your goal is to retain as much of your profit as you can whilst paying the least amount of tax. We can advise you on the best structure of your business to achieve your goal. 

Different because you are

We pride ourselves on providing individually tailored services to our clients. Whatever your aspirations and priorities in business and life, we will be by your side with expert advice from local specialists. It is because your needs are unique, that the solutions we provide are distinct and personalised to you.

Sole Traders and Partnerships

As a first time sole trader we can help you:

  • Understand the best company structure to suit your aims and objectives
  • Assess your turnover, with a view to VAT registration
  • Deal with your payroll for any employees
  • Plan around your tax liabilities, including the loss of your personal allowance
  • Prepare budgets and forecasts to help secure funding

As your business grows we can also:

  • Provide advice on whether you could make tax savings by trading as a company
  • Provide tax 'health checks' on a regular basis to ensure no tax is being paid unnecessarily

In a partnership you may face many of the same tax issues as a sole trader. Additionally, we can help you with the following tax planning expertise:

  • Look at tax benefits of bringing a partner on board
  • Understand the different structures available to you and their tax implications
  • Make changes to your partnership in a tax efficient way
  • Support during partnership disputes

Corporation and Business tax

We will deal with company tax returns on your behalf, ensuring they are submitted correctly and on time. We will advise you on which tax is due and when, planning at all times to make your business as tax efficient as possible.

We'll advise you on all aspects of your companies finance, including:

  • Choosing the correct business structure for your company, detailing the benefits of each option to you before you come to a decision
  • How best to extract funds from your business, helping you establish a system that works for you and your company
  • Understanding the most tax efficient ways to buy and sell businesses
  • Restructuring and reorganising your business as it becomes necessary.

Research and Development tax incentives

You may be able to benefit from tax incentives put in place by the government to encourage research and development in UK businesses. We can help you identify any areas that may qualify for these incentives and how to get them. 

International tax for business

Whether you are looking to open a branch or subsidiary overseas or you are starting up in the UK for the first time, our team of experts can guide you through the process and support you throughout.

For companies and businesses, our Tax and VAT consultants have a wealth of experience advising SME's to large corporate groups. Quite often the solution is not simple so having an adviser who can navigate the challenges and deliver the best solution can be invaluable.

Lovewell Blake is a member of HLB International, the 12th largest accountancy network in the world with 795 offices in 158 countries. Wherever you are doing business, we will have the in-house expertise and global network to help.

Contact us to speak to one of our international specialists.

Year End Tax Planning Guide

The past year has been very different. Covid-19 has left a mark none of us could have envisaged. Please be assured that we are always on hand to advise and keep you up to date with tax and finance measures as they unfold.

View the guide here

Business Tax Planning Articles

No articles could be found matching that criteria.
Lovewell Blake Tax Manager Colin Chamberlain

Capital Gains Tax - Business Asset Disposal Relief

In-depth guide
3 min read
Accountants at work

Basis period reform rules are delayed, but on their way

In-depth guide
6 min read
Lovewell Blake Tax Partner Mary Schofield

Holding onto key talent is crucial to any business's success

In-depth guide
6 min read

Research and Development tax relief for farming companies

In-depth guide
2 min read
Business expenses

Business Expenses Explained

In-depth guide
5 min read

Key partners and staff

Colin Fish, Partner for Lovewell Blake

Colin Fish

Colin Chamberlain, Manager for Lovewell Blake

Colin Chamberlain

Tax Consultant
Mark Hannah, Manager for Lovewell Blake

Mark Hannah

Tax Consultant


What does my tax code mean?

Every taxpayer in the UK has a Personal Allowance. This is the amount of income you can earn each year before you pay any income tax. For the 2020/21 tax year this is £12,500. For some taxpayers, this personal allowance is adjusted by HMRC to reflect things such as benefits in kind (e.g. the value of a company car provided to you), tax overpaid or underpaid, additional allowances or to collect higher rate tax on other income. This adjusted personal allowance is know as your tax code. HMRC will send you a notice of your tax code so you or your accountant can check it and contact HMRC to make adjustments. If you need help with your tax code of broader tax affairs, get in touch to speak to one of our team.

Wide-ranging tax planning and compliance services for individuals seeking advice and guidance from our team of experienced and highly qualified professionals.

Friendly and coherent advice and guidance on accounting and tax matters for small business owners including those starting out for the first time.

Established businesses requiring accounting and tax compliance services, forward thinking tax planning advice and the support to help your business succeed.

Our full range of enhanced corporate services aimed at large companies and those requiring audit, assurance, corporate tax advisory and diverse tax planning services.



This is a test definition