Tax planning can feel like a maze for business owners in the UK. From managing corporation tax and understanding allowable expenses to keeping up with HMRC regulations, the process is both complex and time-consuming. At Pearl Lemon Accountants, we specialise in making tax work for you—not the other way around.
We work with businesses across the UK, whether it’s a retail shop in London, a manufacturing firm in Birmingham, or a tech startup in Manchester, ensuring every penny you save goes back into growing your business.
Our Tax Planning Services for UK Businesses
Out team of experienced specialised in providing detailed tax planning services for businesses across the UK. Our approach is customised to meet the specific needs of your business, whether you’re a sole trader, a limited company, or part of a larger corporate group.
Our services go beyond regulations—we focus on identifying opportunities to save on taxes, improve cash flow, and secure your financial future. With a deep understanding of UK tax laws and regulations, we ensure you get the most out of every relief, allowance, and deduction available.
Business Structure Advice
The way your business is structured has a direct impact on your tax obligations. Operating as a limited company, for instance, can offer significant tax benefits compared to being a sole trader.
We analyse your current structure and advise on whether switching to a limited company, LLP, or other entity could lower your tax liability.
A consultant earning £80,000 annually saved over £7,000 by incorporating their sole proprietorship into a limited company, benefiting from the flat 19% corporation tax rate and tax-efficient dividends.
Allowable Expenses and Documentation
Claiming allowable expenses correctly is one of the easiest ways to lower your taxable income. From business travel and utilities to professional fees, our team ensures all eligible expenses are claimed without risking penalties.
We guide you in maintaining proper documentation so that every claim is backed up with clear evidence.
We worked with a construction company in Sheffield that reclaimed over £10,000 by properly documenting their equipment hire expenses.
Capital Allowances
If your business invests in equipment, vehicles, or property upgrades, you could reduce your taxable profits by claiming capital allowances.
We help you manage schemes like the Annual Investment Allowance (AIA) and the Super Deduction (valid until April 2025) to maximise your tax savings.
A logistics company in Birmingham claimed £50,000 in allowances after upgrading their fleet with electric vehicles, reducing their overall tax bill significantly.
R&D Tax Credits
Did you know that businesses conducting research and development can claim up to 33% of qualifying costs? Many businesses overlook this, assuming they don’t qualify, but R&D tax credits apply to a wide range of activities, including software development and process improvement.
Our team specialises in identifying eligible projects and guiding you through the claims process.
A fintech startup in London received £120,000 in R&D tax credits after we identified qualifying activities in their software development projects.
VAT Planning
VAT can be a minefield for many UK businesses, especially those with fluctuating cash flows or irregular invoicing cycles.
We assist with:
- Choosing the right VAT scheme (e.g., Flat Rate VAT Scheme or Cash Accounting Scheme).
- Ensuring adherence with Making Tax Digital (MTD).
- Identifying VAT relief opportunities for specific industries.
A wholesaler in Manchester improved their cash flow by switching to the Cash Accounting Scheme, which allowed them to pay VAT only after receiving customer payments.
Advanced Tax Strategies
We also help businesses with more complex tax needs, such as:
- Balancing salaries and dividends for directors.
- Managing tax liabilities during business acquisitions or sales.
- Planning for long-term growth with effective wealth transfer strategies.
Why Choose Pearl Lemon Accountants for Tax Planning?
We combine expertise with a deep understanding of UK tax laws to deliver results. Here’s why businesses across the UK trust us with their tax planning.
Personalised Strategies
Every business is unique, and we create tax plans specifically customised to your industry, business size, and financial goals. Whether you’re a sole trader in Sheffield or a limited company in London, our customised approach ensures you get the maximum benefit from UK tax regulations.
Proactive Approach
We don’t just react to your tax needs; we anticipate them. By identifying opportunities early—such as qualifying for R&D tax credits or adjusting your corporation tax liabilities—we help you minimise tax burdens and maximise savings without last-minute scrambles.
Adherence to UK Tax Laws
UK tax laws are complex and constantly evolving, but our team ensures your business operates within the framework of HMRC requirements. From filing accurate returns to meeting Making Tax Digital (MTD) obligations, we safeguard your business from penalties and unnecessary risks.
Proven Results
Our results speak for themselves—clients have saved tens of thousands of pounds through efficient tax planning. From recovering overlooked capital allowances to optimising VAT schemes, we deliver tangible financial improvements to businesses of all sizes.
Frequently Asked Questions
Late filings attract penalties starting at £100 for delays under three months, with further fines for prolonged delays. Interest rates on late payments are currently set at 6.5% APR.
Yes. Businesses can claim back expenses incurred up to four years before officially trading, provided they are wholly and exclusively for business purposes.
This scheme simplifies VAT accounting for small businesses, applying a fixed percentage to revenue. It’s especially useful for businesses with minimal VAT-related expenses.
R&D tax credits allow businesses to claim up to 33% of qualifying costs, including salaries, materials, and software, for innovation-focused projects.
Capital allowances let you deduct the cost of qualifying purchases, like machinery or vehicles, from your taxable income, reducing your overall tax bill.
Ready to Make Your Taxes Work for You?
Taxes don’t have to be a burden. Let Pearl Lemon Accountants help you save money, stay compliant, and focus on growing your business. Reach out to us today to schedule your complimentary tax assessment—because your hard-earned profits deserve to stay in your business.
