“Ascendis have transformed the way the financial information is used within our business. We now make far more informed decisions based on the latest most relevant financial information. Ascendis also think out of the box and have saved us tens of thousands of pounds by helping us to manage our accounts and tax affairs much more efficiently.”
We can assist Owner Managed Businesses & Directors where:
We can assist entrepreneurs with:
Ascendis Tax & Wealth LLP concentrates its business activities within the High Net Worth market, one of the most dynamic and rapidly growing sectors.
Our client base includes very successful business owners and entrepreneurs, senior corporate executives, barristers, surgeons, Doctors/Dentists and professional sportsmen/women.
Most of our clients are referred to us either by our existing clients or through our expanding network of introducers.
If you are seeking a new adviser and would like a personal reference, our clients are happy to provide references as to our capability and services.
We can assist property developers / purchasers with:
We can assist sportsmen/women with:
We can assist individuals:
Working in association with partners, we have various business structures which will enable Contractors to fully optimise both their personal and business taxation affairs.
• Operating through a Limited Company.
Please look at our separate business:- Ascendis Contractor Solutions Ltd
• Options for Self-Employment or Employment which enables contractors and employee’s to take home around 83% of their income.
Consultation on Company Distributions – Prepare for Change
The recently published consultation and draft legislation on company distributions closes on 3rd February 2016, and has the potential to have significant implications for owner-managed businesses (“OMBs”) and their advisors.
It is a well-established cornerstone of tax planning that extraction by way of capital, rather than income, is usually advantageous for OMBs. Not only is the “top” tax rate for capital significantly less than that for income, but where trading businesses are concerned, Entrepreneur’s Relief will typically be available to reduce the tax rate to only 10% on extraction. This compares very favorably to income treatment in almost all instances.
Christmas and Tax - The Financial Festivities
Rewarding your staff
There are different ways employers can reward their staff and here, we discuss the tax implications of each approach.
Seemingly as quickly as it came, another year is galloping off into the distance and people’s minds are beginning to turn to the festive holidays. Employers will want to show their staff that the year’s hard work and dedication has not gone unnoticed.
There are many ways that an employer can go about rewarding their staff, from gifts and bonuses to parties. And while it may at first seem like the only factors that need to be factored in are whether or not your employees actually deserve to be rewarded and how much money you are willing to spend, as with most things there are tax obligations to consider too.
Forthcoming changes to rules regarding Dividend Tax - April 2016
As of April 2016, the new dividend allowance will be replacing the current dividend tax credit. The dividend allowance will be £5,000 and will be available to anyone who has dividend income irrespective of the level of non-dividend income you have. The rates at which the dividends will be taxed will also be changing. For basic rate tax payers (individuals with income up to £32,000), dividends will be taxed at 7.5%, higher rate (income above £32,000 and below £150,000) will be at 32.5% and additional rate payers (any individual with income exceeding £150,000) will now be taxed at 38.1%.