What is tax planning and why is it important?

Tax planning involves structuring your business and personal finances to minimise tax liabilities legally, improve cash flow, and protect wealth for the future.

How can Ascendis help with Corporation Tax planning?

We identify available reliefs, allowances, and strategies to reduce Corporation Tax liabilities, improve cash flow, and support reinvestment in your business.

What is Capital Gains Tax (CGT) planning?

CGT planning helps minimise taxes due when selling or transferring assets such as property, shares, or business interests, making use of reliefs, exemptions, and strategic structuring.

Who can claim R&D tax relief?

Any company investing in developing or improving products, processes, or services may be eligible, including SMEs, even if a project is unsuccessful.

How does R&D tax relief benefit my business?

It provides a cash boost or tax credit that can be reinvested in further innovation, hiring, or growth initiatives.

What solutions are available for Inheritance Tax (IHT) planning?

We advise on Business Property Relief, trust planning, life assurance strategies, and other bespoke solutions to reduce IHT exposure while maintaining control over assets.

Can you help with employee incentives and share schemes?

Yes. We design tax-efficient employee benefits and share schemes, such as gifting shares, share options, childcare vouchers, cycle-to-work schemes, and pension arrangements to retain and motivate staff.

How does proactive tax planning differ from reactive tax compliance?

Proactive planning anticipates liabilities, identifies opportunities, and maximises reliefs before tax is due, whereas reactive compliance focuses only on meeting reporting obligations after the fact.