BA Global Associates’ tax planning experts can find many ways in which your company can save on taxes and not pay one penny more than is absolutely necessary. Our experts have plenty of experience in this area and will always push to save you money on your corporate tax returns.

New business owners are always surprised at how many ways there are for them to legally save on taxes and improve their overall tax outlook. Here are just a few things that can be done to nudge your business into a more favourable tax position:

Employ your spouse. Employing your spouse in your company or business operation is a legitimate way to pay your spouse a tax-free salary and reduce your overall tax burden. Sole-traders with high tax liabilities will benefit greatly from this scheme. Further tax savings can be made by setting up an employer pension scheme.

Offer low interest loans to employees. Amounts up to £5,000 can be lent to employees with no tax implications. This can be useful way to avoid benefit-in-kind tax charges when your employee purchases the company car for non-business related use.

If you use part of your home as an office to save on property tax, you are in risk of capital gains tax if you sell that house later on. Our corporate tax planners can help show you how to reduce or eliminate the capital gains tax liability in such cases.

Recover VAT on invoices that you have paid or received before you registered for VAT. This can be done if you have old VAT invoices and keep a schedule of the adjustments you have made.

These are just a handful of the many techniques that can be safely and legally used to improve your business's tax situation without putting it at risk of a full HMRC enquiry.