Starting a franchise? Setting up your business correctly from day one is crucial to long-term success.
- Business Structure Selection – Should you be a limited company, sole trader, or Limited Liability partnership? We’ll help you choose the most tax-efficient structure.
- Franchise Agreement Financial Review – Understand the financial implications of your franchise contract.
- Cash Flow & Budgeting – We create cash flow forecasts and financial plans to help you manage expenses effectively.
- VAT Registration & Compliance – Ensure correct VAT setup and reporting to avoid fines and maximise reclaimable VAT.
- HMRC & Companies House Registration – Get legally registered quickly and correctly.
- Cloud Accounting – Helping you get set up with the right cloud bookkeeping package.
Tax is one of the biggest expenses for franchise owners. Our expert tax accountants ensure you don’t pay a penny more than necessary by implementing proactive tax-saving strategies
- Corporation Tax is one of the largest financial outgoings for any franchise business. However, there are legitimate ways to reduce your liability:
- Claim all available business expenses – Maximise deductions for rent, equipment, utilities, training, and travel.
- Capital allowances & tax reliefs – If you’ve invested in equipment, renovations, or software, you may be eligible for tax relief.
- We review your financials to ensure your Corporation Tax is accurate
How you pay yourself as a franchise owner significantly impacts your tax liability. We help you create a tax-efficient mix
- Salary – Keeping it at the optimal level to maintain National Insurance benefits.
- Dividends – Taking dividends strategically to avoid unnecessary tax.
- Pension Contributions – A tax-efficient way to withdraw profits while securing your future.
VAT is a common area where franchisees either overpay or underclaim. We ensure your VAT is structured efficiently
- Advising on the best VAT scheme for your franchise – Should you be on the Flat Rate Scheme, Cash Accounting Scheme, or Standard VAT?
- Ensuring all reclaimable VAT is accounted for – Many franchisees miss out on claiming VAT on eligible expenses, such as franchise fees, IT costs, and marketing.
- Handling VAT returns – Avoid errors and late penalties with our timely VAT submission services.
If your franchise requires investment in property, fixtures, equipment, or vehicles, you could claim substantial tax relief through capital allowances. These include:
- Business premises renovation allowances
- IT and technology investments
- Commercial vehicles used for business
