Upcoming events and tax updates

Our team are hosting a series of subject specific tax update events.   Tax affects us all, so whatever your circumstances, one of our events might interest you.  

Tax update for entrepreneurs and their businesses

This event is aimed at typical owner managed businesses and their entrepreneurial leaders.  It will ensure that attendees are aware of the current key tax planning opportunities and tax risks that might impact them and their businesses.

Topics that will be covered include:

• Tax efficient business structures – is my group/business structure optimised from a tax perspective? Including consideration of:
  • Preparing to sell the company
  • Holding companies
  • Group tax issues
  • Differences between investment and trading activities.
• Tax efficient methods of extracting cash from your company.
• Tax efficient reward and retention of key staff.
• Ways to legitimately reduce your corporation tax liabilities.
• International tax aspects.
• Employment status and IR35 update – mitigating the impact of HMRC’s renewed focus.
• VAT update.
• Overview of Inheritance Tax planning – a deeper consideration of the subject is available through the event aimed at High Net Worth individuals.

Tax planning update for High Net Worth individuals

This event is an essential update aimed at High Net Worth individuals. These are individuals who are cash and/or asset rich or have complex tax affairs.  It will ensure that attendees are aware of the current key tax planning opportunities and tax risks that might affect them.

Topics that will be covered include:

• Inheritance tax mitigation – using statutory reliefs, common sense planning ideas and trusts to avoid 40% of your wealth being lost in tax.
• How excessive cash or large investment activities in your business can create an inheritance tax exposure.
• The ever-changing pensions landscape – tax opportunities and dispelling myths around lifetime limits.
• Mitigating tax around the family – spreading income, making the most of the family’s tax allowances and tax efficiently passing wealth on to the next generation.
• The importance of having an up to date Will, that is aligned with sensible tax planning.
• An update on how Wealth can be managed effectively, protecting capital for future generations.
• How to structure family investment activities, utilising spare cash from your trading business in a tax efficient manner

Property tax update for Property Developers, Investors and Landlords

This event is an essential tax update aimed at property developers, investors and landlords.  It will ensure that attendees are aware of the current key tax planning opportunities and tax risks that might affect them.

Topics that will be covered include:

• Tax efficient property ownership – which is the best vehicle? A company, personal ownership, pension scheme or a trust?
• Comparing property development versus investment from a tax perspective. Including why property investment activities are not favoured by the tax system and avoiding associated tax pitfalls.
• How to ensure you don’t miss out on underclaimed tax reliefs available on expenditure, offering significant tax savings.
• The tax implications of buying and selling property, whether for investment or development purposes
• The tax assault on landlords and how to mitigate the impact.
• VAT risks, opportunities and pitfalls.

Tax aspects of buying or selling a company (including succession planning)

This event will consider the tax aspects of buying or selling a company to/from a third party as well as shareholders seeking to pass their business on to family.  Tax planning is essential in these situations to optimise the tax position and to avoid simple mistakes which could result in significant tax liabilities. 

Topics that will be covered include:

• The importance of planning as soon as possible to minimise the tax payable on a sale of your company.
• Would I benefit from restructuring my company to optimise my tax position (and how to achieve this)?
• Tax efficient incentivisation of employees in order to maximise growth and share in any sale proceeds.
• Ensuring the availability of Entrepreneurs’ Relief.
• Planning ahead to optimise the tax position on any sale proceeds received.
• How to plan for a tax efficient company acquisition.
• Should I buy the trade and assets or the shares in a company?
• Tax efficiently passing on the family business including consideration of:
  • Taking value off the table whilst passing the business on
  • Inheritance tax mitigation
  • Introducing trusts as shareholders to protect the family position
  • Making best use of pensions

If you would prefer to arrange a separate  one-to-one meeting to discuss any of the above, then please do not hesitate to speak with your usual Shorts contact. We look forward to seeing to you at one of our upcoming events.

We will be keeping a close eye on current Government recommendations regarding the COVID-19 situation, and as such, all our events may be subject to change.

Other related articles;

• R&D Tax Relief explained
• Will Brexit affect R&D Tax Relief claims?
• RDEC - cash repayments from HMRC for large companies
• How to reduce the amount of Corporation Tax you pay