Tax planning for business owners
Good tax planning happens before the end of the year, not after. We look at how you take money from your business, use the reliefs available to you and get you ready for changes like Making Tax Digital, all within the rules.
What’s included
Salary and dividend mix
For company directors, we work out the best balance of salary and dividends each year, taking account of Income Tax, National Insurance and Corporation Tax.
Pension contributions
Contributions can be a tax-efficient way to take value from your business and plan for the future. We show you how they fit.
High Income Child Benefit Charge
If your adjusted net income is over £60,000, part of your Child Benefit is clawed back, and all of it at £80,000. We look at ways to reduce the charge, such as pension contributions.
Making Tax Digital for Income Tax
Sole traders and landlords with qualifying income over £50,000 have had to keep digital records and send quarterly updates since April 2026. The threshold falls to £30,000 in April 2027 and £20,000 in April 2028. We get you ready in good time.
Year-end planning
We review the timing of equipment purchases, dividends and other decisions before your year end.
How it works
Review your position
Your income, business structure, family situation and plans.
Find the opportunities
We identify the reliefs and choices that apply to you.
Agree a plan
A clear plan for the year, with the numbers explained.
Review every year
Tax rules change, so we revisit the plan before each year end.
Who it’s for
- Limited company directors
- Sole traders and landlords facing Making Tax Digital
- Parents earning over £60,000
- Business owners planning for retirement
Ready to plan ahead?
Frequently asked questions
Is tax planning legal?
Yes. Tax planning means using the reliefs and allowances the law provides, in the way they are intended. We don’t use or recommend tax avoidance schemes.
When should I start planning?
As early in the tax year as possible, and always before your year end. Many options can’t be used once the year has finished.
Does Making Tax Digital affect me?
If you are a sole trader or landlord with qualifying income over £50,000, it already applies from April 2026. It extends to income over £30,000 from April 2027 and over £20,000 from April 2028.
Can pension contributions reduce the Child Benefit charge?
Yes. Pension contributions reduce your adjusted net income, which is the figure the charge is based on. We work out whether it makes sense for you.
This page is general guidance, not personal tax or financial advice. Every business is different, so talk to us about your situation.
Related services
Talk to us about your business
Email us, or ring us on 0330 043 6441.