Management accounts & reporting
Tax Planning Opportunities Review (From Accounts)
A Tax Planning Opportunities Review uses your up-to-date accounts to identify practical, legitimate ways to reduce tax and avoid last-minute surprises. Instead of waiting for year end, you get timely actions based on what your figures are actually showing now.
More information
What the service covers
This review turns your bookkeeping and management figures into clear tax planning decisions you can act on.
- Checks of profit levels and likely tax position based on current results
- A shortlist of tax planning opportunities relevant to your setup (sole trader or limited company)
- Timing prompts, so you know what to do before the year end, not after
- Review of common missed reliefs and claims (for example capital allowances and allowable expenses)
- Profit extraction considerations for directors (salary, dividends, pension contributions)
- VAT and PAYE touchpoints where changes could affect tax and cash flow
- Clear actions, owners, and dates so nothing is left vague
When this is most useful
This service is a good fit if you:
- Are profitable and want to be confident you are not paying more tax than necessary
- Have changing income, new clients, or uneven trading through the year
- Are growing and need to plan cash for VAT and tax payments
- Have started taking money out of the business and want to do it efficiently
- Want proactive guidance rather than only compliance at year end
How the review is delivered
The review is completed from your current accounts data, then translated into plain-English actions.
- We agree the period to review (for example monthly or quarterly figures)
- We check the quality of the underlying records so the planning is based on reliable numbers
- We identify opportunities, quantify where possible, and note deadlines and trade-offs
- You receive a short written action plan and we talk it through so you can make decisions quickly
What happens after the review
You are not left with a report you will never use.
- We can help implement agreed actions (for example payroll adjustments, pension contributions, or accounting entries)
- Actions are tracked across the year so opportunities are not missed due to timing
- Your next review builds on the last one, using updated figures and any changes to your plans
Frequently Asked Questions
What do you need from me to run the review?
We need up-to-date bookkeeping and access to the main details behind the numbers, such as bank feeds, sales records, and key expenses. If your records are incomplete, we will flag what needs tidying first so the review is reliable.
How often should a tax planning review be done?
Many small businesses benefit from a quarterly review, with a lighter check-in monthly if profits are moving quickly. The right cadence depends on how stable your income is, whether you are VAT registered, and how close you are to your year end.
Will this definitely reduce my tax bill?
It can identify legitimate ways to reduce tax, but outcomes depend on your figures, timing, and what actions you choose to take. The goal is to give you clear options and help you act early enough for them to count.
Is this the same as preparing year-end accounts and tax returns?
No. This is proactive planning using in-year figures to spot opportunities and issues early. Your year-end accounts and tax filings still finalise the position, but planning ahead can make them smoother and less expensive in tax terms.
Can you do this if I already use cloud accounting software?
Yes. Cloud software makes it easier to review current performance, but the value comes from interpreting the numbers and translating them into tax actions. We focus on what the figures mean for tax, cash flow, and profit extraction.
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