First identify your priorities and look for someone with experience in your industry or area of finance. Check reviews, and assess communication style to ensure they can explain complex tax matters clearly. Lastly, consider their fees, availability, and use of technology to ensure they can meet your future needs effectively.

At Clark Jamison, we are dedicated to providing tailored financial solutions and strategic advice that addresses your unique goals, ensuring success and financial security.

Your valuable time should be spent doing what you do best. Identifying opportunities and tax savings for you and your business is best done by an accountant, so you can focus on driving the business forward via your own expertise.

We at Clark Jamison assist in this growth by proactively providing tax advice designed to optimise your financial strategies while ensuring compliance with tax regulations.

Finding an accountant before starting your business is a smart move. They can help you choose the right business structure, set up your finances correctly from the start, and avoid costly mistakes. It’s easier and more beneficial cheaper to do things right from day one than to attempt to fix them later and miss valuable opportunities for savings and growth.

Accountants help small businesses with tax planning, financial reporting and strategic advice on business structure and tax mitigation to improve financial performance. They also offer bookkeeping, payroll management, fractional CFO services, assistance on budgeting and cashflow. This ensures both optimisation and compliance with legal and financial regulations.

Tax planning involves taking proactive steps to minimise your tax bill, by making smart financial decisions. This includes everything from using the right business structure, claiming allowable expenses, and timing income or purchases strategically. From efficient saving and investment, to extracting funds efficiently from your business and tax planning across multiple generations, all help to reduce the amount of tax paid.

Ensure you utilise tax reliefs, whether personal or corporate. Take advantage of available reliefs like the Annual Investment Allowance, R&D tax credits, Personal allowance, Capital Gains allowances, Inheritance Tax threshold when using Trusts. Use tax efficient investment structures like the ISA, SEIS or EIS and optimise your pension contributions.

Choose a tax efficient business structure e.g., sole trader, limited company, partnership based on your earnings and likely personal income requirements and claim all deductible expenses.

Leave the UK…tax rates in certain jurisdictions are much lower than in the UK. With careful planning by you and your business, your overall effective rate of tax can be reduced and/or eliminated. Clark Jamison can assist in guiding you through this process.

Expats or non-residents may need to file a UK tax return if they have income from UK sources, such as rental income, dividends, or earnings from a UK business. If you’re considered a non-resident, you generally only pay tax on UK income, but there are exceptions based on your specific circumstances.

Speak to an expert at Clark Jamison who can minimise your tax liabilities, as UK tax rules for non-residents are very complex.

Assets placed in Trust can reduce several taxes, included inheritance tax payable, significantly. Though Trusts themselves are taxed, careful management by the Trustees can reduce the tax implications considerably. However, there are significant tax complexities around the use of Trusts and so to avoid the many pitfalls, please call us at Clark Jamison to discuss how these might work for you.

Fees should always be considered in the context of the benefits to you. Advice on tax planning means you take advantage of all deductions, credits, and reliefs that reduce your overall tax liability. Advice on structuring your business in the most tax-efficient way will save you money. By streamlining your financial processes, this helps avoid costly mistakes and penalties, maximise growth and reduce your tax bill, by amounts well in excess of the cost of our services.

This return on your investment improves your financial decision-making, helps you grow your business and leads to better financial outcomes.

At Clark Jamison we’re able to offer comprehensive and proactive solutions to meet your needs. So to get tailored advice today, speak to an expert and we will outline how best we can help.