Active Tax Management - Tayabali & White

Active Tax Management

There are many aspects to small business taxation and tax reliefs, as well as the taxation of business owners on their withdrawal trading profits. Planning is crucial.

Tax Efficiency of
Business Structure

Understand how best to set up your business.

Business
Tax Review

Revisit regularly all tax aspects of your business.

Co-ordinating Business
& Personal Tax

Knowing the best way for consultants to pay themselves.

Tax Efficiency of Business Structure

Consultants practice either through a limited company, a partnership or self-employed alone. To determine the best route, there are many considerations that we discuss with our consultant clients and this involves getting to know them and their circumstances well.

Factors to consider include who your clients will be, how much you expect to earn, what other income you have, how much income you require, whether your spouse can be involved in the business – and many more.

Furthermore, this is an area where tax legislation changes frequently and it is vital to revisit your business structure with us regularly. As always, the important thing is to take time to plan and to rely on our expertise to help you.

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Business Tax Review

All consultants want to understand what expenses they are allowed to claim for and how, they want to know how the can obtain tax relief for use of their car, they want to be sure that they using the best VAT scheme – and many more things besides.

We take time with all our new consultant clients to advise them on all aspects of the business that are touched by tax. The important thing then is to revisit this regularly to make sure that you are compliant, but critically to ensure that you are not missing out on tax reliefs.

As ever, it is about taking time to understand your requirements and give you tailored advice.

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Co-ordinating Business and Personal Tax

All consultants want to know how to reward themselves financially in the most tax efficient way possible. No two consultants’ situations are quite the same and each requires its own tailor-made strategy, which may vary year on year depending on the results of the business, personal cash requirements and the presence of other investors. In addition, tax rules and tax rates change frequently, which means that any remuneration strategy must be kept under regular review.

As experienced specialist tax advisers to individuals and small businesses we can advise not only on the personal and business tax opportunities open to you, but also practical considerations, such as cash flow requirements and family members involved in the business.

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Why us?

Tayabali & White is a long-standing firm of Cambridge accountants and tax advisers. Our ethos has always been to combine strong technical expertise with exceptional client service. This is borne out in our compliance work: our clients do not miss filing deadlines and very few face HMRC enquiries. This is enormously reassuring for our clients.

However, exceptional service is invaluable to clients when it comes to tax planning, for example Capital Gains Tax, Inheritance Tax and Trusts, where practical and personal advice can only really be provided when we understand our clients’ situations intimately well. Our partners take the time to get to know new clients and our long-serving staff provide a familiar environment as we work with clients over the years.

Such an approach cannot be mass-marketed. We enjoy taking on clients who share our ethos and whom we can help with their personal and business tax and accountancy needs over many years.

99% of compliance deadlines met
of compliance
deadlines met
100% success with R&D Tax Credits
success with
R&D tax credits
10.3 years average staff service
average
staff service
100% of tax returns filed on time
of tax returns
filed on time

Become a client

Begin a relationship with our team

Our clients

Our clients do some really interesting things covering a wide range of industry sectors.

These include accommodation, agriculture & agribusiness, biotechnology, construction, consulting, education, engineering, financial services, IT, Journalism, manufacturing, medicine, music, pharmaceuticals, procurement, publishing, real estate, retail, telecommunications, transportation, web services.

Our clients

Testimonial

"In order to provide an effective service, accountants/auditors need to be responsive, sympathetic, knowledgeable and pragmatic. Tayabali & White have delivered in all these areas since we appointed them back in 2013, and our small group of companies have benefited greatly from their expertise. Just as important, however, is that they are very nice people and a pleasure to do business with."
Peter Dixon
Stratech Scientific