Sounds easy enough, but often not that easy for us to answer, at least correctly in any case. Why do I say this? Well for a start, when put on the spot a lot of people can’t come up with a precise answer of what they actually want.

The most profound thing I’ve learned about business, since setting out on my own path five years ago (blimey, it seems so much longer), is that surviving and thriving is a psychological and philosophical challenge, rather than a transactional or procedural one.

Welcome to ‘Bev’s Blog’. This is my new monthly blogspot and it gives me great pleasure to be able to communicate my thoughts and advice in this medium. Bev’s Blog will appear in our EBA Online newsletter on the first Tuesday of each new month.

‘DC’, business owner with an annual turnover of £5.5m asked: “After the budget, tax planning is changing again yet what is the best way to avoid paying Tax on profit in a Ltd company? Is a pension contribution as good as anything else or an EBT contribution? Any suggestions?”

‘DC’, business owner with an annual turnover of £5.5m asked: “Where would you suggest we go to be able to get a list of all the legitimate things we can claim against tax /profit for tax planning?”. Our accounts expert, Simon Patterson replies: