Businesses have to cope with immense amounts of regulation and compliance – but tax is still the biggest and most onerous for most organisations. Partly this is because tax is complicated with tax legislation now running into thousands of pages; but it is also the constant change in the tax environment.
One of the key drivers of change is government’s incessant urges to be seen to be launching new initiatives. Another spur to fiscal innovation is the move to counter tax avoidance and each year, the statute book is filled with new rules to stop new schemes.
Planning in these circumstances is difficult, but arguably even more essential than ever. How you set up your business, extract your profits, finance your expansion and eventually sell out will be hugely affected by the tax issue, and it really pays to start the tax planning in partnership with us as early as possible in the process.