A Practical Tax Planning Framework for SMEs - How to Structure Your Advice Effectively

Introduction

Good tax planning starts with understanding the client - not simply identifying a particular tax relief.

This new virtual classroom seminar will show accountants and tax consultants how to approach planning conversations with SME owners, establish their commercial and personal objectives and define the scope of the advice clearly.

It will provide a concise, practical framework for identifying key stakeholders, recognising events that create planning opportunities and acting before valuable options are lost.

By the end of the session, you will be better equipped to deliver focused, timely tax planning advice that supports your SME clients’ wider goals.

What You Will Learn

This live and interactive session will cover the following:

• Establishing what the client wants to achieve and addressing common misconceptions about tax planning
• Identifying the key stakeholders, decision makers and potential conflicts of interest
• Defining and documenting the scope, assumptions and limitations of the advice
• Ensuring that tax planning supports the client’s wider business, financial and family objectives
• Recognising the principal planning triggers in the business and family cycle, including:
• Starting, growing or restructuring a business
• Changes in ownership or the involvement of family members
• Profit extraction and significant investment
• Retirement, succession or sale
• Major personal and family events
• Identifying critical timing issues and involving other professional advisers when appropriate
• Applying a practical framework to:
• Establish the facts
• Clarify the objectives
• Identify the options and risks
• Agree actions, responsibilities and timing
• Document and review the advice

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.