BUSINESS AND TAX PLANNING

BUSINESS AND TAX PLANNING

As a business owner you have no doubt been reminded on more than one occasion of the importance of business planning. And no doubt you agree that planning is important.

And yet in all probability you rarely seem to find the time to sit down and develop strategic plans but end up flying by the seat of your pants, trusting your intuitions and relying on snap judgments rather than adhering to a pre-arranged strategy.

Not that we would deprecate such intuitions. Experience has taught us that it is precisely this ‘sixth sense’ that many business owners and managers seem to possess that is the driving force behind entrepreneurship – and we have learned to take it seriously.

But the planning is important. Without sound analysis, clear projections, and well-thought out contingencies, businesses tend to become hostages to fortune.

Proactive management is replaced by reactive coping, and instead of following a well-thought-out plan, owners and managers are reduced to responding to unforeseen events, or trying to catch up on missed opportunities.

This is why we encourage our clients to schedule regular planning sessions. We can help you:

  • Formulate and implement long-term strategic goals
  • Set concrete operational objectives
  • Monitor performance and adjust plans accordingly.
  • We can conduct a full tax review of your business and determine the most efficient tax structure for you. Very often such reviews result in considerable tax savings, which show up as real improvements in your bottom line.

  • We can conduct a full tax review of your business and determine the most efficient tax structure for you. Very often such reviews result in considerable tax savings, which show up as real improvements in your bottom line.

  • As with any other area of taxation, it is essential to be proactive and plan ahead when dealing with corporation tax. In this way you can:

  • Minimise your corporation tax liabilities
  • Make the most of any available reliefs, tax losses and deferment opportunities
  • Ensure you meet all your CTSA deadlines and file your returns correctly, thereby avoiding any potential penalties
  • In addition to helping you with your corporate tax planning we can also represent you in any communication with the tax authorities.

    Why take up valuable time and resources dealing with corporation tax when we can do it for you?

Resources

How can we help you?

Contact us at the Consulting WP office nearest to you or submit a business inquiry online.