At Elsby & Co Accountants, we understand that the business tax system can be something of a minefield. We can ease the business tax burden, by ensuring that you’re paying the right amount of tax, while making the most of the allowances and exemptions that are available to you. Learn more about the different business tax services we deliver here at Elsby & Co below.

Our tax accountants can help you with all areas of the business tax system, including:

Deciding on a tax-efficient business structure

Depending on the industry in which you operate, or the type of business you are, there are a number of different ways in which you can structure your business here in the UK. For example, you can run a business as a sole trader, a partnership, a Limited Liability Partnership (LLP), or a Limited (Ltd) company. These four different types of business structures have various tax and liability implications for owners and shareholders.

If you’re a business owner, and deciding how to structure your business, it can be extremely beneficial to seek advice from a tax professional such as Elsby & Co. We can help you structure your business in the most tax-efficient way possible, taking a look at your commercial objectives and making sure that you’re tax-efficient too.

Tax is likely to influence and affect different business transactions, from changing your share structure to transferring assets within a group, splitting a business, or acquiring or selling a subsidiary. Contact us today to discuss structuring your business for optimum tax efficiency.

Making the most of tax allowances and tax reliefs

Your business may be entitled to tax allowances, or tax reliefs that you may be currently unaware of, or too busy to have previously researched when juggling all the different aspects of running a successful business. That’s where we can help – our team can help you prepare your company’s accounts, ensuring that you’ve deducted the costs of running your business from your profits and before tax.

You could be eligible to make a claim for capital allowances. A capital allowance is when you buy assets that you keep to use in your business. Business assets such as equipment, machinery, and business vehicles. There are also other tax reliefs that you can make a claim for, such as research and development, relief on goodwill assets and more. Talk to our team today and find out more about how you can make the most of tax allowances and tax reliefs.

Reducing tax on disposals

What does tax on disposals mean? This is when you sell, or dispose of something (i.e. an asset) that’s increased in value and subsequently, that asset makes a profit. This tax is known as Capital Gains Tax. Essentially, you are taxed on the gain that you make, not on the amount you receive.

Knowing which assets are taxed and which aren’t can be tricky, especially as some assets are tax-free. The disposal of assets also includes: selling it, giving it away as a gift, swapping it for something else, or getting compensation for it (such as an insurance payout). Our team at Elsby & Co can take a look at any assets you’re looking to dispose of, and work with you to help reduce the tax.

Assisting with compliance requirements, including corporation tax self-assessment

Our team of tax accountants can help ensure that your business’s tax affairs are compliance checked, meeting the set requirements and we can help make sure that you’re paying the right amount of tax, in accordance with the latest HMRC tax compliance and requirements.

Other business tax services

Alongside these tax services above, we also cover: liaising with the authorities on your behalf, and making the most of tax opportunities specific to your industry.

What our clients say about us

Gina Wood
Dipesh Radia has always been most professional and friendly in his emails and telephone conversations. He is very knowledgeable in all areas of tax affairs. Overall the service received has been of a very satisfactory level. Communication is excellent which is key to maintaining a good relationship with clients
Mark Ellis
Elsby & Co look after all my Tax and accounting needs, both personal and Business, and I am completely happy with the service they provide. In all of my dealings, whether by phone or e mail, I have always found all staff to be extremely pleasant....Polite, capable ,professional and easy to talk to. If I have had any questions or queries, they have always answered them straight away, fully and to my complete satisfaction. Responses to my mails or calls has been virtually immediate. I have every faith in them to always look after my best interests and therefore I would happily recommend Dipesh and the whole Elsby and Co team to my family and friends.
Zane Oliver
I had the pleasure of working with James from Elsby & Co as my accountant, and I cannot recommend him enough. James is an expert in his field, and he provided me with fantastic accounting services that went above and beyond my expectations. James took the time to understand my business and my financial needs, and he provided me with tailored advice and solutions that helped me to improve my bottom line. He is knowledgeable, efficient, and detail-oriented, ensuring that all of my financial records were accurate and up-to-date. In addition to his technical abilities, James is also a pleasure to work with. He is friendly, approachable, and always available to answer any questions I had. He made the often-daunting process of managing my finances a breeze, and I always felt confident that my financial affairs were in good hands. Overall, I cannot recommend James and Elsby & Co enough. If you are looking for an accountant who can provide you with top-notch services and help you to achieve your financial goals, look no further. James is the best in the business, and I guarantee that you will not be disappointed!
Colin Halford
Formerly Trevor Newell Accountants, i was a little apprehensive when i learnt a new accountants would be doing my accounts. Dipesh is now my accountant & after a little misunderstanding on my part probably i am happy with how things work & that he is doing a good job on my behalf & explains things well.
Emma Fletcher
Elsby & Co recently performed an external audit for us for a grant fund claim. The process was simple and efficient and the team were very helpful.
Ben Verinder
Professional. Prompt to respond to queries. Good team and really really useful advice.
Very professional, knowledgable and friendly team, everyone goes above and beyond ! I couldn’t recommend Elsby & Co highly enough !!!
Sam Etemadi
The level of advise, care and professionalism is next to none. Our company, Dr S Etemadi Dental Practice Ltd, has been a client for many years and intends to stay for many more years to come. Highly recommended.
Sam Etemadi
A very big Thank You to Leona, James, Natalie, Sarah, Sarah, Charlotte, Rebecca and everyone else in this firm who are always there to lend a hand when you need advice and help. One of the best!
Nic Brough
Personal tax has become complex for me, and Elsby were able to review my position and do a professional job of filing the return for me, incidentally helping me save some money as well as giving me two days back. Very helpful and friendly, as well as clear and fast.

We focus on giving you the right advice to help your company grow