Services we offer
Business Structuring and Restructuring
“How should one structure a business to maximise post tax benefits?”
This is probably the most common question we have addressed. Should a business be conducted as a sole trader, a general partnership, a limited company, a limited liability partnership, a 1907 limited partnership or set up outside the UK?
Jeremy Giles LLP will provide a bespoke answer to this important question. Getting the best possible structure in place is very important to the future development of a business. Building a house requires solid foundations if it is to remain standing for future generations. Why is building a business any different? Call us and get an initial opinion. We are very happy to let you talk to existing clients to establish we do what it says on the tin: bespoke tax planning.
Profit Extraction
Q: How do I get money out of my business efficiently and pay the right amount of tax?
A: Consider the following routes:
- Salary / Bonus / Profit Share
- Dividends
- Benefits in kind
- Pension contributions
- Loans
- Trusts
- Asset Sales / Purchases
- Restructuring the business first
If you have a good clear understanding of all these methods, then you do not need to talk to us! We will want to gain a deep understanding of your circumstances before considering a bespoke answer for you.
Profit extraction can be a high-risk area where tax avoidance rules bite hard! We will explain the advantages and disadvantages off any “of the shelf” schemes so that you can plan your actions based on facts. Contact us before you buy 'products' that appear too good to be true.
Trusts
We still consider trusts to be useful tools despite sustained attack over recent years. We have longstanding commercial relationships with trusts service providers in many of the popular OECD approved jurisdictions.
We also provide our clients with the ability to use Jersey Foundations if appropriate. Please contact us for more information using the info contact page.
Non Domicile Individuals
Recent changes have had a huge impact on the area of Taxation. Along with leading English Tax Counsel, we have the experience on hand to advise non domiciled clients on all aspects of the post 6 April 2008 aspects.
In many cases, people have become clients when they have realised that nothing has been done to date to establish and then maintain their non dom tax status. If you are not sure or not clear about this matter, call us now.