Income Tax Savings

If you are aware of today’s most successful income tax strategies you can greatly reduce your income tax liabilities.

If you earn over £100,000 per annum your rate of tax will be 40% and your personal allowances and pension tax relief will be clawed back. If you earn over £150,000 you will pay tax at 50%.

If you meet any one of the following requirements we can help:

• You are earning over £150,000 per annum
• You are a subcontractor (or can become a subcontractor) earning over £100,000 per annum
• Your company has taxable profits of over £250,000 per annum and you wish to reward employees tax efficiently
• Your company has retained reserves over £100,000 that you wish to distribute to employees tax efficiently.

How we will help you

• We will discuss your circumstances and advise on a solution that fits your objectives.
• We will explain the tax saving and any risks of the planning
• The strategy will be implemented by the UK’s largest and most respected provider.

We advise on a number of tax saving strategies, some, such as our directors and contractors solution or company bonus solution have been available for several years and have been used by many individuals and companies

Tax on business profits normally exceeds 45% leaving just over half available to the business owner. (This is when corporation tax, income tax and national insurance are taken into account). Using legitimate tax mitigation strategies Parker Chartered Accountants and Financial Advisors helps business people cut their tax liability by 75%.

To discuss how Parker Chartered Accountants and Financial Advisors can help cut your tax liabilities call 0121 764 5161.