Lawrence Grant LLP

Did you know… most small businesses in London overpay tax every year?

Not because they earn more—
but because they don’t structure correctly.

• No long-term tax planning
• No use of efficient ownership structures
• Ignoring Director/Shareholder strategy - just year-end compliance
• Missing allowances
If you are relying on a small business accountant just to “file and finish,”
you are likely to be missing opportunities in tax planning and should get a London tax accountant's advice.

The gap between compliance and strategy is where money is lost.

👨👩👧👦 Save More by Structuring Income Across Family Members
Household tax planning is a powerful tool.

📌 Tip 1: Pay a spouse or partner a fair wage if they help in your business.
📌 Tip 2: Transfer income-producing assets to lower-rate taxpayers.
📌 Tip 3: Where possible utilise marriage allowance of £1,260 for tax-free transfers.

📞 Let Lawrence Grant help you plan as a family.

Eid Al-Adha is a beautiful reminder of the power of faith, sacrifice, and community support. As we celebrate today, we wish you and your family a season filled with love, laughter, and endless blessings. 💚

Eid Mubarak!

Did you know… lack of proactive personal tax planning is where high earners lose the most?

It’s not about how much you earn—
it’s about how it’s structured.

Without a personal tax advisor or personal accountant:

• Inefficient Dividends vs Salary Structures
• Unused allowances and Reliefs
• Investments are poorly positioned

Effective tax advice focuses on forward planning, not retrospective fixes.

🚗 Cut Costs with Travel Deductions
Mileage allowance can be a major tax relief for an employee or self employed using their own car for business trips—if business mileage is for the approved amount.
📌 Tip 1: Keep a log of business journeys and mileage.
📌 Tip 2: Claim 45p/mile for the first 10,000 miles .
📌 Tip 3: Don’t forget travel for client meetings & training.

📞 Lawrence Grant helps maximise travel deductions.

🏢 How Much Corporation Tax Will You Pay?
Know the latest corporation tax brackets for your business.
📌 Tip 1: Small profits rate 19% for under £50,000 profit.
📌 Tip 2: The Main rate is 25% for profits over £250,000.
📌 Tip 3: May be entitled to ‘Marginal Relief’ if profits are between £50,000 and £250,000.
📌 Tip 4: The above limits are also proportionately reduced by the number of associated companies your company has.

📞 Lawrence Grant helps businesses stay tax-efficient.

Did you know… salary vs dividend is not a fixed formula—it should change every year?

Many directors and shareholders follow the same split annually.

But optimal extraction depends on:

• Corporation tax rates
• Personal tax thresholds
• Other income sources
• Changes in legislation

A static approach leads to inefficiency.
For e.g. dividend tax rates are increasing, and thresholds remain frozen, narrowing the gap between salary and dividend efficiency.
Each year requires recalibration—not repetition.

Did you know… the difference between compliance and advisory is measurable in cash?

Compliance gives you:

• Filed returns
• Reporting on time and avoiding penalties
• Peace of mind

Advisory gives you:

• Reduced tax liability
• Better cash retention
• Long-term planning

Both are necessary.
But only one actively improves your financial position.