our services
Reducing your Tax Bill
There are several ways in which you may be able to reduce your tax bill.
- Use an accountant!
- Talk to us about tax mitigation schemes and profit extraction.
- If you need to buy plant or machinery for your business, speak to us to ensure the correct timing to make the most of capital allowances.
- Reduce your corporation tax liability by reducing the business profits or offsetting previous losses against your current tax bill.
- Look at putting money into a personal pension plan
- Check you are claiming all the allowances that are applicable to your particular circumstances.
- If you run your business from home claim for use of home as an office.
- Check your tax code.
- Open cash ISA as you don’t have to list this money as an asset on your tax return and you don’t pay tax on the interest that your ISA gains over the year.
- Donate to a charity.
Testimonials
- "Over a number of years Morris & Co have provided me with sound financial and business advice. Their in depth knowledge of my particular sector has proved invaluable and they explain my accounts in a way that is easy to understand. All my questions are answered promptly and efficiently and I really appreciate their level of expertise."
David Evans, R T Booth & Co Ltd - "In addition to providing management and year end accounts, Morris & Co have assisted me with and prepared business plans and cash flow forecasts... to help me make vital business decisions."
Dave Lawson, Cardiff - "We have found them efficient and user friendly, and have made a big saving in our accountancy and bookkeeping costs. I can unreservedly recommend the arrangement to my fellow franchisees."
Colin Donald, Slough - "I am delighted with the service I have received from Morris & Co. As BFA Affiliate's I have confidence in their level of knowledge and expertise. As a result I am free to concentrate on building my business with their help and advice."
Simon Wise, Driver Hire London North - "At first I was somewhat reluctant... I have been able to establish a mutual trust and experienced a professional and thorough service."
Kevin Morrissey, Sheffield - "When appointing an accountant it was very important to me to select someone who was not only knowledgeable but friendly and approachable. I have always received proactive, professional advice and I know that the specialist advice I require to run my business is only ever a phone call away. A VAT full cost and apportionment calculation was recently undertaken for my company. As a result of this, my percentages have reduced, thereby saving me additional money."
Ian McGarvey, Ian McGarvey
