If you have answered yes to these questions, then read on. The only way to avoid being a target is to minimise the wealth that predators can attack. This means ring fencing your assets from predators, & to legally reduce your tax liabilities using non contentious tax planning.

The most effective strategy to protect your wealth is to use holistic, non contentious tax planning. We enable business owners to mitigate their tax liabilities & ensure that their wealth is protected into 2010 & beyond, with our bespoke, non contentious tax planning. All advice is within HMRC guidelines & legislation, decided tax cases or pre approved by HMRC. This means you sleep at night without worry or the fear that predators could take your assets.

Contact us NOW for further information

After years of observation, the scientists noticed that the number of monkeys who were washing their food prior to eating was increasing until, for some as yet ‘unexplained’ reason, when the 100th monkey began to wash his food, suddenly all 10,000 monkeys on the island of Koshima began washing theirs too.  The Hundredth Monkey Syndrome hypothesises that there is a point at which if only one more person tunes in to a new awareness, that field of energy is strengthened so that the new awareness is picked up by almost everyone. Or so this ‘story’ goes. In the business world, more and more SME owners are waking up to what is possible regarding mitigating their taxes AND doing something about it. Saving tax is not just for large corporates. The biggest growth area in the past 15 years in the collection of Corporation Tax has been from the SME sector – will you be one of them or will you be the 100th monkey?

They are looking for the weakest link - is it the ¥? Is it the £? Is it the $? Depending on how they feel, they select a currency du jour to beat up. The financial oligarchs grow ever stronger, meanwhile you, as a business owner, pay up to 30% to borrow money and there is no bailout money in the event of problems. Protect your assets NOW.

• Bailouts that bail out only the biggest, greediest, most incompetent, and most unscrupulous
• Stimulus packages that mainly stimulate government workers and special interests
• Tax relief for mega-billionaires
• Draining an already depleted treasury to wage endless, exorbitantly expensive wars in foreign countries
• Bailouts for the banking system and as with all government initiated support schemes, is doomed to failure

The list goes on. Given the all-encompassing scope of the destruction, some contend it is a plot to deliberately bring the system down. [http://www.trendsresearch.com/journal.html]

Will you be protecting your business from the tax increases to come or will you just go with the flow?

What are you doing to protect your wealth?

Will control of taxes be next on the agenda? Have you protected your business assets?

• In 2009 alone, 4M more Americans joined the ranks of the poor.
• The U.S. poverty rate is now the third worst among the developed nations tracked by the OECD.
• The US has 4M fewer wage earners than it did in 2007.
• 10M Americans now receive unemployment insurance, which is almost four times as many as were receiving it in 2007.
• U.S. banks repossessed 25 percent more homes in August 2010 than they did in August 2009.
• One out of every seven mortgages in the United States was either delinquent or in foreclosure during Q1 of 2010.
• There are now 50M Americans who do not have health insurance.
• More than 50M Americans are now on Medicaid
• There are now over 41M Americans on food stamps.

As a business owner, are you protecting and harvesting your wealth for things to come?

The government continues to take over corporate and key sectors of the UK economy. What does the government run that is efficient?

The Banks?

The Pension industry?

Local Goverment?

Fisheries Policy?

Education?

The Armed Forces?

What next-bailouts for the airline industry?

If you pay in more in tax than you need to - will the Government bail your business out?

Read more: here

We help business owners keep more of their hard earned profit - contact us to discuss how.

There is also significant restructuring in the legislation covering transactions in securities promised for later. A new” income tax advantage test” and a new exemption covering fundamental changes in ownership of close companies will also be introduced.

What steps have you taken to protect your business from the economy and the taxman? You can do more than you think - contact us now for a no obligation discussion.

• UK business lending falls at record pace
• European Credit Markets Flash Hot Warning Signal
• UK mortgage lending drops 32% to 10 year low
• Bundesbank fears second wave of credit crisis after collapse in company profits which could lead to breaches in loan covenants

In difficult times, what are you doing to protect your family from Inheritance Tax, including your business assets? What tax mitigation strategies have you in place to protect your company? A lack of planning could be very expensive - contact us now for a no obligation discussion.

Of course with planning we can help you save more of your money than you otherwise would. Our advice is sensible and so will not include the fact that should you emigrate to China or Hong Kong you will pay roughly 25% of the UK’s tax rates. That’s fine for the super high earners but for those of you from any walk of life on £150,000 or more, figures show for the first time since 1989 that our top rate of tax is now higher than both France and Germany which means we really are going backwards to the bad old days.

You can however legally and openly pay less tax by planning your affairs properly. You could save many thousands of pounds because our expertise is in doing the things many accountants 'don’t know that they don't know'. We do not use “rubber needles to thread through tiny loopholes” which are always open to challenge and even if you win you will have had 2-3 years of aggravation. To give you a flavour of what is possible, register  here  to have a look at some of our tax saving seminars on what might be possible for you.

This so far has attracted very little apparent interest from employers. For SME owners who employ staff the Personal Account is set to be an administrative, and possibly, financial disaster. Employers will be compelled to offer a pension scheme to all employees run along bureaucratic lines from that date. It will be run by a “not for profit” Trust Company, allegedly independent but reporting to Parliament. Not for profit does not mean inexpensive fees of course! The Personal Accounts Delivery Authority (PADA) is in trouble over obtaining sufficient competition for the role of supplier of personal accounts in 2012.

The Chief Executive Tim Jones has said “the authority remains very confident we will have a strong competition for the final contract” this is a difficult statement to accept as even at this stage describing the continuing process as “a  strong competition” with only two horses left in the race is pushing it a bit.

It is critical that the right decision is found. We have seen through the tax credits fiasco how much misery can be caused by bad administration. With only the Indian firm Tata left, it is a one horse race now. The disconnect between Pada’s only objective (to deliver the product) and the government’s constant meddling with pensions is becoming increasingly obvious” he says.
It is frightening that the long term provision of pension benefits is left to the fugacious political whim of a small group of people that has a separate and well funded retirement promise.
Clearly one of the major problems that potential suppliers have, is the potential for people to opt out of the scheme (and they have to opt out rather than be opted in) is that suppliers have no idea of the amount of money that they may make from the scheme and whether the whole thing will become an administrative nightmare. 
Employers will be able to choose to use the personal accounts scheme or another qualifying workplace pension, for example:

1. Where an employer makes contributions on the minimum band of earnings required by the Pensions Act 2008, an 8 per cent contribution for an average earner (approx £25,100) would be approximately £1,600 per annum
2. Alternatively, an employer might choose to make contributions on a broader band of earnings, for example by basing them on the first pound of pay. In this case an 8 per cent contribution for an average earner (approx £25,100) would be approximately £2,000 per annum
3. Transfers in and out of the scheme are banned (except in some special circumstances, such as retirement).

All in all for the IFA’s this is a golden opportunity to enter the corporate market. All companies are affected. No one can say “no” to providing a pension scheme, and the other opportunities to sell IHT, Pensions and shareholder /director protection are more favourable than for many years in our opinion.
If you wish to find out more contact us. We do not offer financial advice but are able to advise you of tax efficient ways to help you build a practice with a difference and your clients meet their obligations.

Now in the private sector we can't print money and if we did, it would be called counterfeiting. We have to repay our debts as they fall due or we go bankrupt. This counterbalance leads to deflation in the economy when bankruptcies increase, which they are. In the UK, the public sector is 50% of the economy whereas in the US, it is only 20% which normally limits the reach of the authorities on their ability to reduce the impact of the recession. However, in both countries, colossal private debt from the banks and insurers has been channelled back to the government as toxic debt. Will Sovereign debt be the next major crisis for the private sector to bail out, as ever, funded by the business owner? Can you reduce debt by increasing it? We think not.

The government is concerned about people who have either not made a Will and/or have made no provision in the event they become mentally incapacitated. To this end, they have set up a new body, the Court of Protection. Previously, this was covered by Enduring Powers of Attorney [EPA] and the court system which was an easy system to use and relatively economic.

Comment
The costs and way the court operates ensures maximum inconvenience and cost for those people who neglected to take a simple precaution while they were able to handle their own affairs. Their families will receive much less than would have been the case had simple planning been done and the elderly will have problems meeting their obligations or having their wishes realised.
The new court works on the basis that all individuals looking after elderly parents are not to be trusted.  Furthermore, it is a great way for the state to obtain money from the taxpayer. All of this could have been avoided by the simple expedient of setting up a Lasting Power of Attorney while they were still “compos mentis” and had legal capacity to make such arrangements. Not to do so is negligent and “pennywise - pound foolish” and can cause untold misery to you and your family, as well as crippling your business should you die before selling it.
If you require further information or advice on how to stop the state taking your money unnecessarily, in fact another stealth tax, contact us for a no obligation discussion on how to safeguard yourself and your family.

• Do you have a substantial pension fund in being?
• More than, say, £100,000?
• Do you wish you could invest in residential property and retain the tax breaks that the pension scheme gives you?
• Do you want your family to benefit should you die?
• Do you feel frustrated at the lack of flexibility in your existing pension scheme?

The good news is that you may be eligible to liberate your pension from HMRC Rules without the need to resort to tactics that you hope the Revenue will not discover.

If you wish to ensure that your fund remains free of Inheritance Tax even after benefits have been taken and you are frustrated by the rigidity of your current pension scheme, then you should contact us for a no obligation discussion to discover if you are one of many who can achieve these objectives and  free your pension scheme from UK HMRC Rules whilst maintaining its tax favoured status. Even if you are not for some reason eligible for total freedom, much can probably still be done to help you enjoy your pension more. 

Simply writing a will does NOT achieve this.

If  you would like to keep control of your affairs whilst at the same time saving tax, we may be able to help you achieve significant Inheritance Tax savings together with possible income and capital gains tax benefits for you and your family. Contact us now for further information.

By acting before long-term care becomes either likely or necessary, Family Home Protection can ensure that your home is not personally owned by you upon your entry into care. Once this is done, it will not be possible to assess your home as part of your financial worth, as the home will not be a capital resource available to you.

It should be emphasised that if you wait until you are ill and/or likely to be in need of care, the Local Authority will seek to set aside such planning. If however you plan a sensible period in advance, it can be a “safe” thing to do for your family’s advantage. Before acting, however, it is necessary to be sure of your rationale and intentions. You should take individual advice before acting as it is not necessarily for everyone and your personal circumstances may suggest that it is “not for you”. For most people it is, but advice is necessary before acting.

For a free fact sheet, please fill in an enquiry form.

For those who have planned, your policies may have been arranged by your bank, your IFA or your Accountant. If so, it is almost certain that there are tax traps and hidden dangers in the arrangement of which you or they are unaware. Some of these are due to changes in tax legislation several years ago and most advisors have not understood both the scope and effect of these. Almost certainly, if your bank in particular has arranged the agreement and policy, then normally we find that business owners are typically paying 50% more in premiums than is necessary. Also, the policies they sell do not generally provide guaranteed rates of premium and cover. They are also very likely to be for a very short term and so you will face a rising bill and uncertainty as to the availability of future cover.

If you wish to have a free review of your arrangements and advice on both the tax treatment and the efficacy of the life cover with no obligation, we would be pleased to do so.

If on the other hand you are one of the 95% of shareholders or partners who has done nothing to protect themselves and their families, we offer a free fact sheet which explains what you can do to ensure your family and company are not jeopardised in the event of the unfortunate death of you or a fellow shareholder leaving your family (or you) financially in trouble.

And at the same time, not necessarily having to provide your home as security?

Cashflow for any business, is the number one priority in the management of it's resources and new opportunities have now opened up the possibility of using assets you already have, to significantly reduce the costs of interest on borrowing that may be necessary either for your company’s survival or to expand your business. In a credit rationing era, it provides business owners with an alternative to traditional sources of finance and allows you to retain control of your business.
Contact us for further information.

See the video section for further information. We at Asset Preservation are experts in ensuring that the agreements are not only legal but tax efficient too. Contact us for a no obligation discussion on how we can help you avoid the problems of not thinking ahead.

Depending on your businesses circumstances, it may be possible with other asset security to save you many thousands of pounds. There are opportunities to save not only bank interest but also not having to use personal assets as security, as well as saving tax in the current year and also claiming back tax paid by the company in the past 1-3 years, depending upon the circumstances in each particular case.

For further information, contact us for a free initial discussion.

For those people likely to be affected, in addition to the higher tax they will pay next year, there are some “stings in the tail”. If your earnings are or have been within the previous two fiscal years at or near that level, you need urgent advice if you want to pay pension contributions now or next year. The forestalling provisions are difficult for many people to understand and have little apparent logic in them. For example a person who earns £149,999, could put £149,999 into a pension plan if he wished and will achieve full tax relief. If he earns £150,000, he will end up only able to pay £20,000 or £30,000 at best into a pension plan and obtain tax relief.

Any higher rate taxpayer affected by this should seek advice as soon as possible.