SMART TAX ADVICE
FOR GROWING FIRMS AT EVERY STAGE
By Mathew Forshaw, Director at Xeinadin
Tax will have an impact on your business plans, no matter where you are in the business cycle.
So what steps can you take to keep your company out of the tax traps?
Firstly, knowledge is power. You need a strong team who can advise and help steer you from the pitfalls that lie ahead. Your tax advisor is a key part of this.
Corporation tax is paid by companies on their profits. Make sure you minimise this by exploiting all possible reliefs.
Be aware of your payment dates as it can have a major impact on cashflow, and that rates can move from 19 per cent to 25 per cent for growing companies.
VAT, payable by most companies with sales over £90,000, should be included in your budgets. Organising your finances to build
tax reserves can prevent late payment penalties.
Staff costs can rise significantly as your business grows, and with it comes the added burden of National Insurance.
Make sure this is factored into your calculations, as it can add 15 per cent to your overhead.
Seeking professional advice can make a significant difference when managing tax obligations.
A qualified advisor can help ensure compliance, identify opportunities for efficiency, and reduce the risk of unexpected liabilities.
Beyond day-to-day requirements, strategic tax planning can support long-term business growth.
Whether you’re just starting out or scaling up, taking the time to understand your tax position – and how it might change – can lead to better financial outcomes.
IN THE NEXT ISSUE
BUSINESS ESSENTIALS
PENSION AND RETIREMENT PLANNING
SHARE YOUR PENSION AND RETIREMENT EXPERTISE
WITH 50,000 READERS. We want to speak to:
Financial advisers • Accountants • Tax specialists Legal professionals.
This advertising feature gives firms the opportunity to
showcase their expertise to a senior business audience, with a focus on employee benefits, succession planning, staff retention and long-term financial futures.
Book Now: Contact Joanne Hindley on 07442 949697 or email
joanne@lancashirebusinessview.co.uk Booking Deadline: Thursday 22 January 2026
LANCASHIREBUSINES SV
IEW.CO.UK exposure Online
8,000 Email
subscribers 30,000
Page views per month on
the website
37,500 Social media followers
BOOK NOW!
Ground Floor | Citygate | Longridge Road | Preston | PR2 5BQ
www.xeinadin.com/preston How we can help
ACCOUNTS | AUDIT | TAXATION | BUSINESS ADVICE | BOOKKEEPING & VAT | CLOUD ACCOUNTING | PAYROLL | CORPORATE TAX | CORPORATE FINANCE | CORPORATE RECOVERY
Your local accountants and business advisors.
For a FREE initial
consultation please contact our
Preston office
preston@xeinadin.com 01772 883881
▸ Feature in the next issue of Lancashire
Business View Opportunities to raise your profile with 50,000 readers include:
▸ Business Essentials: Pensions and Retirement
For financial advisers, accountants, legal advisers and business owners.
▸ Business Growth: Landlords and Tenants
For landlords, agents, legal advisers, insurers and property professionals.
For advertising opportunities please contact Joanne Hindley on 07442 949697 or email
joanne@lancashirebusinessview.co.uk
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