Corporate Tax

Budget 2024 - A Budget for long-term growth
The Chancellor Jeremy Hunt delivered his ‘Budget for long-term growth’ on Wednesday 6 March 2024. His speech promised ‘more investment, more jobs, better public services and lower taxes’.
Shaw Gibbs continues expansion with the acquisition of DNG
Shaw Gibbs, is thrilled to announce the successful acquisition of DNG (the trading name of DNG Dove Naish LLP) a highly respected accountancy and business advisory practice based in Northampton.
Taxing profits in the healthcare sector
On 1st April 2023 the main rate of Corporation Tax, which businesses pay on taxable profits over £250,000, increased from 19% to 25%. Small businesses with profits of less than £50,000 will continue to pay 19%.
The Autumn Statement 2022
The Autumn statement was delivered to the House of Commons on 17 November 2022 The Government sought a balanced path to support the economy and return to growth, partially through public spending restraint and partially through tax rises. From our perspective, there are a number of planning areas which we can assist with.
The reversal of the Mini Budget
When I said that the 'Mini Budget' was a surprise in my article of the 28 September, who would have thought more surprises were on the way. Three weeks later, after huge turmoil, a reversal of most of the elements of that plan and a new statement planned for 31 October.
VAT and ‘dwellings’ – back to basics
If you are a building company or property developer that has been in industry for a while, you may well believe you have a good handle on VAT in relation to building works for new dwellings.

Building sound strategies for effective tax planning.

No matter your business' status, be it sole trader, partnership, limited company or LLP, we can help to reduce your liabilities and maximise your ability to extract profit from your business whilst remaining within the boundaries of UK tax law.

Effective tax planning begins with sound strategies

Core services

Corporate tax planning

Research & Development (R&D)

Partnership and LLP tax

Making Tax Digital

Corporate tax planning
Our aim is not only to offer you a tailored tax compliance strategy but also to reduce the amount of tax you pay to the minimum.
To do this we look at everything, from how a company is structured and what allowances the company claims to how the owners extract cash from the business and their succession plans.
We have a dedicated team of Chartered Tax Advisors with the expertise and specialist knowledge to deliver commercial solutions and provide you with the insight to make effective taxation decisions.
Book a Meeting
We have a dedicated team of Chartered Tax Advisors with the expertise and specialist knowledge to deliver commercial solutions and provide you with the insight to make effective taxation decisions.
Book a Meeting
Research & Development (R&D)
A lot of companies don’t think that they will be eligible for this valuable tax relief. Most are aware that improving or developing a product can qualify, but improving and developing a process or service may also qualify.
We can help you identify eligible work and use our knowledge to help you maximise your company’s R&D claims. Therefore if you already know that you will qualify for R&D relief, or you simply want to know if there is any company expenditure that may qualify, get in touch for a consultation.
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We can help you identify eligible work and use our knowledge to help you maximise your company’s R&D claims. Therefore if you already know that you will qualify for R&D relief, or you simply want to know if there is any company expenditure that may qualify, get in touch for a consultation.
Book a Meeting
Partnership and LLP tax
An LLP is a separate legal business entity with the benefit of limited liability. It can can be structured like a traditional partnership, and for tax purposes is treated for the main as partnerships.
Businesses with a tailored strategy are able to minimise tax while dealing with the tax implications surrounding partnership changes.
There have been numerous changes in tax legislation effecting both partnerships, LLP’s and limited companies. There have been lower corporation tax rates, higher dividend tax rates and new rules to determine whether a LLP member is self-employed or employed. It is now more difficult for businesses to know what structure is best for them.
Book a Meeting
There have been numerous changes in tax legislation effecting both partnerships, LLP’s and limited companies. There have been lower corporation tax rates, higher dividend tax rates and new rules to determine whether a LLP member is self-employed or employed. It is now more difficult for businesses to know what structure is best for them.
Book a Meeting
Making Tax Digital
Making Tax Digital is a key part of the government’s plans to make it easier for businesses to get their tax right and keep on top of their affairs.
Changes have been introduced and more are to follow. For more information see making tax digital. (https://www.shawgibbs.com/making-tax-digital)
Book a Meeting
Changes have been introduced and more are to follow. For more information see making tax digital. (https://www.shawgibbs.com/making-tax-digital)
Book a Meeting

Added value services

Entrepreneur's Relief

To qualify for ER, you need to dispose of: all or a percentage of your business as a partner or sole trader, more than 5% of your shares in a company, shares through an Enterprise Management Incentive, assets within a trust if you are a trustee, and assets that you lent to the business.

It sounds easy, but there are other rules that have to be met to ensure that you qualify and many have lost out because they have fallen foul of them.

Capital Allowances

Depreciation of capital assets charged to your business’ profit and loss account is not a tax deductible expense. Instead, tax relief at different rates is available for different types of capital expenditure in the form of capital allowances.

Our team will guide you through the latest legislation and ensure the maximum tax relief is claimed no matter what side of the property transaction you’re on.

Share valuations

There is no set process for valuing shares and, consequently, it is important to seek advice from experts..

To effectively benefit your business and your shareholders, we take time to understand your needs and tailor our services accordingly. Our specific valuation services include: the valuation of businesses or shares for purchase or sale, as well as potential share options and shareholder disputes.

Fee protection insurance

Offering fee protection insurnace means we can cover our clients from any fees that arise due to an HMRC investigation.

Working with Croner Taxwise, our fee protection insurance will provide the ultimate protection for our clients, covering up to the equivalent of £100,000 towards our professional fees.

Read more about our fee protection insurance. (https://www.shawgibbs.com/fee-protection-insurance)