Corporate Advice - Company and Personal Tax Planning

We have Corporate financial consultants that specialise in the business market. Established in 1993 in Wolverhampton, the company has grown to become one of the most innovative, knowledgeable and solution conscious companies in the UK so much so that we have over 100 pension schemes that hold own commercial land or premises acheiving tax free growth.

Our typical client is a small to medium sized business which would turn over between £1million and £20million per year. We help businesses usully but not exclusively in the following areas:

• Buying commercial land or buildings to attract 100% tax relief on it after that, followed by a tax free sale
• Moving properties to or from personal or Ltd company ownership
• Planning for an exit from the business or for when the exit has already happened
• Purchase of property via a pension fund
• Advising on shareholder comanies with typically 50/50 and 33/33/34 shareholdings.
• Company and personal tax planning
• Insuring the company against possible financial loss if a main key person of the company dies or is incapacitated.

Company and Personal Tax Planning

How much tax do you and your company have to pay?

Did you know that there are very simple & legal ways of reducing your tax burden?

Are you making full use of all the tax allowances each year?

Newell Palmer can advise you on all aspects of reducing personal & company taxes

Tax Free Property Purchase

Would you like to purchase your business premises, completely free of Capital Gains, Corporation Tax and Income Taxes?

Newell Palmer are specialists in this field and have advised many small and medium sized limited companies, partnerships and sole traders carefully saving them thousands of pounds per year.

Newell Palmer itself successfully purchased their own building using this tax efficient method of purchase.(see above)

Corporate Key Person Protection

Newell Palmer advises many companies on the protection and insurance schemes covering various consequences should anything happen to the main key people of a company. We call this our 'Keyperson' protection scheme.

The advice we give on the Key Person scheme covers such things as:

• Where it should be put in place, i.e. directors loan, account/overdraft cover, to cover business property or profit protection.
• Who pays for it - company or individual?
• Tax consequences - who pays the premiums & who claims the proceeds?
• Informing local tax authorities.

Shareholder Issues

Newell Palmer have renowned expertise in advising shareholders on such issues as:

• The consequences on other shareholders of taking on a new shareholder.
• The repayment of the market value of shares, via a cash payment to a spouse or next of kin in the event of death or permanent disability of a shareholder.
• How to remove an existing shareholder in a company.
• Should a company invite new shareholders?
• Conglomerate companies & holding company issues.