The
Tax Control Formula™ Financial Planning Solutions for
Corporate Clients
Tax Control Toolbox™
Corporation
Tax Controller
Who
is this suitable for?
Directors of companies,
who own the majority of the shares, are paying at least £20,000
corporation tax per annum and can fund an occupational pension
scheme. If the directors have occupational schemes relating
to the company in question which are more than two years
old the benefits to them can be enormous.
What are the benefits?
- Corporation tax can be reduced with no or little
cost to cashflow.
- Money that would have been paid in corporation tax can
be used to increase the pension benefits of the directors.
- Inland Revenue approve of this kind of scheme.
Desirable
criteria
This criteria is desirable
but not essential:
- High pre-tax profit and corporation tax levels
(ideally over £300,000 pre-tax profit).
- Existing executive pension plan (EPP) or contracted
in money purchase schemes that are over 2 years old.
- High pensionable remuneration or scope to increase
this whilst still maintaining high profits.
Corporation
Tax Controller - Annual Review
Who is this suitable for?
This
report is suitable for the members of any Small Self Administered
Scheme who want to understand the current position of their
scheme and maximise the advantages they can get from it.
What are the benefits?
- A clear and comprehensive report
produced, dealing the position of the scheme enabling
you to make informed decisions.
- Corporation tax can be reduced with no or little cost
to cashflow.
- Money that would have been paid in corporation tax
can be used to increase the pension benefits of the directors.
Desirable
criteria
These reports are suitable for anyone who wants to review
their Small Self Adminstered Scheme.
Income
Tax Controller
Who is this suitable for?
This is suitable if you have some
spare capital and wish to reduce your income tax bills.
What are the benefits?
Utilising this tool could result in reducing
your income tax bill by up to £80,000.
Desirable criteria
You must have some cash that you wish to
invest. There must also be income tax bills paid or payable
in the year of investment. The source of the taxed income
- earned, rental, dividend etc does not matter. You should
be prepared to take a fairly high risk with the capital invested.
This strategy is not suitable if you have a low risk profile
unless you are convinced that this high risk investment is
appropriate.
Capital
Gains Tax Controller
This
can be used to reduce existing Capital Gains Tax Liabilities.
It may also be used to `Freeze` the current value of assets
so that no further Capital Gains Tax arises on them in the
future.
Tax
Free Benefit Tool
May
allow you to purchase investment properties, holiday homes
etc, out of gross, pre-tax income.
Cashflow
Generator
Improve
your Corporate Cashflow position.
Corporation
Tax Sweep Tool
Searches
for overpayments of Corporation Tax during the last six years
and arranges for any possible refunds to be paid.
Asset
Ring Fencing Tool
Who is this suitable
for?
- Corporate clients who currently own a commercial property
- Corporate clients who are interested in buying a commercial
propery.
What are the benefits?
Utlising this tool could
enable you to:
- Purchase the required premises in the most tax-effiicient
manner, obtaining tax relief on both the acquisition costs
and the capital element of the mortgage, as well as on
the interest payments.
- Inject cash into your company.
- Ring fence the premises, protecting you from both company
and personal potential creditors.
- Immediately and in future reduce the corporation tax
liability of the company.
- Receive tax relief on the payment of rent into your pension
fund, but pay no tax on the receipt of the rent.
- Repay the mortgage faster than would be the case if you
purchased the property using standard methods.
Corporate Continuation
Programme
Provides
a `Corporate Disaster Cash Cushion` and a Share Purchase Guarantee
Scheme to secure the survival of the company and assure that
control remains in the right hands in the event of death or
critical illness of a director or other key person.
Corporate
Bank Charge Sweep Tool
Searches
for over payments of Bank charges during the last six years,
and arranges for any refunds to be paid.
Corporate
Finance Tool
Will
source any Corporate Finance need for commercial mortgages
and loans through to invoice discounting.
Golden
Handcuff Tool
Can
provide a cashflow - neutral means of locking key staff into
your employment, and at the same time, reduce your Corporation
Tax liability.
Staff
Benefit Tool
Provides
your staff with a range of benefits, making it more difficult
for them to compare a total employment package that they may
be offered by competitors.
Exit Route Planner
Provides
a`SMART` (Specified, Measurable, Agreed, Realistic and Timed)
exit route from your business.
Remuneration
Strategy Tool
Who is this suitable
for?
This is suitable if your company pays them
dividends and has pre-tax profits in excess of £300,000.
What are the benefits?
You can remunerate
yourself in the most tax efficient manner.
Desirable
criteria
It is essential that you
are a shareholder in the company.
Corporate
Wealth Barometer
Who is this suitable for?
This tool is suitable for anyone wanting
an independent valuation of any UK business, whether a limited
company, partnership, limited liability partnership, PLC,etc.
where audited accounts are available. This will normally
be carried out on behalf of the directors/owners of the business,
but may also be used in acquisition cases.
What are the benefits?
This tool may be used to meet one or more of the following
objectives or a combination of objectives:
- Gain a better understanding of the company's financial
positition and open market value.
- Gain a better understanding of another company's financial
position and open market value.
- Obtain a valuation of the ordinary share capital of the
company in order to determine a fair price for the issue
of new shares.
Pensionless
Pension Tool
Who is this suitable for?
This is suitable for directors of companies, which make
less than £300,000 pre-tax profit and remunerate themselves
through salary or bonus.
What are the benefits?
For no effective cost you can use funds which would otherwise
have been paid to Inland Revenue to build up a cash lump
sum.
Desirable criteria
It is essential that you are a shareholder in the company.
Pension
Performance Review
Portfolio Update Bulletin
Who is this suitable for?
This is suitable if you are on the Pension Performance
Review Programme and wish to keep informed as to the performance
of your portfolio.
What are the benefits?
Understanding the ongoing performance, risk and make-up
of your current portfolio along with portfolio commentary
and detailed fund performance information.
Pension
Performance Review Tool
Who is this suitable for?
Clients who have invested their hard-earned
money into Pension Plans only to be frustrated by its performance.
You are also concerned that your pension will not generate
enough income to fund their retirement.
What are the benefits?
- Enhance the performance of your assets.
- Build a portfolio that will empower your future.
- Potentially lower your pension administration charges.
Desirable Criteria
This criteria is desirable but not essential:
- Existing pension fund in excess of £40,000.
- Desire to provide the best possible retirement benefits.
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