Tax Diagnostic Review

Maximise your tax saving opportunities

Stay compliant, improve your tax position and make future savings.

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What’s included

Tax saving opportunities

Complete a full analysis to identify all the tax advice needs, tax saving opportunities, allowances, incentives and reliefs, applicable to your business.

Detailed reporting

We'll report on all your tax advice needs, tax saving opportunities, allowances, incentives and reliefs, applicable to your business.

Actionable advice

Receive an action plan outlining the priority areas to focus on, including estimated tax savings and quotes for the delivery of recommended tax advice.

What to expect

Tax diagnostic analysis

Through our partnership with Diagnostax we will complete the diagnostic review analysis and schedule a date to discuss our initial findings.

Initial results discussion

On a 30-minute call we’ll briefly discuss the findings of the report, clarifying any required details, so we can produce the final report and recommendations for action.

Final report and recommendations

We will produce the final report and recommendations for action, including estimated tax savings and quotes for the delivery of any tax advice.

Action meeting

In a 60-minute meeting we’ll provide a detailed report, action summary and present our recommendations to take forward the tax advice identified for you and your business.

Need help navigating your taxes?

Get in touch

Tax Diagnostic Discovery Form

Please complete every section of this form.

Step 1 of 7

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Your name(Required)

Business name(Required)

Your email adress(Required)

Your phone number

Your Immediate Family

The Tax Diagnostic Review will include how your immediate family can maximise tax savings. We need to understand the key people in your family that could be considered when it comes to benefitting financially from your business and any potential tax advice or planning.

Your marital status(Required)

Married

Long term partner

Single

Please provide details of your partners employment e.g. What do they do, how much they make, shareholdings, hours worked

Do you have children?(Required)

Yes

If yes, how many children and what are their ages?

If relevant, please provide details of your child/children's employment (What they do, how much they make, shareholdings and hours worked)

Please provide the following information about your parents: (1) Ages? (2) Are they retired? (3) Comfortable income? (4) Do they have an Inheritance Tax status?(Required)

Please provide the following information about other key family members (e.g. Siblings): (1) Their Relationship to you (2) age(Required)

If relevant, please provide the following employment details (1) What they do (2) How much they make (3) Shareholdings (4) Hours worked

Protection Investments

We need to understand your position when it comes to investment in services that protect you, your family and your business if you cannot work, or you are no longer here. By providing this information, we will identify whether it’s beneficial and/or relevant for you, and for your business to consider each of these investments from a tax perspective, including the degree to which you could benefit.

Provide the following information about your existing medical insurance policies: (1) Is it via the business? (2) How much? (3) Any other details e.g. provider, key terms or benefits(Required)

Provide the following information about your existing life insurance policies: (1) Is it via the business? (2) How much? (3) Any other details e.g. provider, key terms or benefits(Required)

Provide the following information about your existing critical illness policies: (1) Is it via the business? (2) How much? (3) Any other details e.g. provider, key terms or benefits(Required)

Provide the following information about your existing key person insurance: (1) Is it via the business? (2) How much? (3) Any other details e.g. provider, key terms or benefits(Required)

Provide the following information about your existing death in service benefit: (1) Is it via the business? (2) How much? (3) Any other details e.g. provider, key terms or benefits(Required)

Big Lifestyle Investments

Big investments are tangible assets that you and your family will use and benefit from. For example: A home, holiday home or car. The value and timings of any big life investments need to be factored into the performance plans for your business, to ensure you’re planning for these tax efficiently.

What are your next big life investments?(Required)

How much additional money will you need for these investments?(Required)

When will these investments be?(Required)

Don’t know

Within the next year

Within the next 5 years

Within the next 10 years

Family Investments

Investing in family looks different for everyone because of your values. You may wish to help your children with education costs, a car, buying their own home or investment savings and pension schemes.

If relevant, please provide details of what you would like to be able to do for your children? (Include estimated cost and when you'd like to achieve it by)

Pension Investments

We need to understand your position when it comes to pensions, and making provisions for the future, including your partner and child/children (if applicable). By providing this information, we will identify what pension services would be beneficial and/or relevant for you, and for your business.

What's your attitude towards pensions?(Required)

I have not thought about it

I want to understand what options I have

I want to know about a specific pension type

Other

Please provide as much detail as possible about your attitude towards pensions:(Required)

Do you have a pension?(Required)

Yes

Unsure

If yes, please provide details of the pension provider(s), type of pension, how much you pay into your pension on a monthly basis

If relevant please provide details for your partner and your children's pensions including (1) the provider (2) type (3) monthly contributions

Lifetime Investments

We need to understand your position when it comes to investing. The value and timings of any investments need to be factored into the performance plans for your business, to ensure you’re planning for these tax efficiently.

Please provide details of your current investments E.g. savings, stocks, shares, commodities, property, crypto etc(Required)

What amount do you contribute into these investments each year?

Are there any large investments you are/or would like to work towards? If so, please provide details (1) What the investment is (2) How much it will cost(Required)

How much would you like to work towards investing each year?(Required)

Are you confident you are claiming all qualifying business expenditure in utilities?(Required)

Yes

Not sure

Are you confident you are claiming all qualifying business expenditure in the things you own?(Required)

Yes

Not sure

Are you confident you are claiming all qualifying business expenditure in travel?(Required)

Yes

Not sure

Are you confident you are claiming all qualifying business expenditure in subsistence (e.g. meals)(Required)

Yes

Not sure

Are you confident you are claiming all qualifying business expenditure in team functions?(Required)

Yes

Not sure

Are you confident you are claiming all qualifying business expenditure in client entertainment?(Required)

Yes

Not sure

Future Planning

We need to understand where you are on your journey, so that we make recommendations and enhance your plan to help you achieve the things you want to achieve faster, and as tax efficiently as possible.

Do you know how you are going to achieve the things that you would like financially?(Required)

Yes

Unsure

If yes, please provide further information:

Do you know how long it is going to take you to achieve the things you want?(Required)

Yes

Unsure

If yes, please provide further information:

Would you like some help understanding how you are going to achieve the things that you would like financially, and how long it might take?(Required)

Yes

About Your Business

We need to understand where your business is now, and the direction in which the business is heading to ensure the tax efficient recommendations we make are suited to the lifecycle stage and objectives of the business, as well as you personally.

How many employees do you have?(Required)

How many clients do you have?(Required)

What are the top three services you provide that make the most money?(Required)

Please select which description best defines your business:(Required)

A Stable Business

A Growing Business

An Expanding Business

A Concluding Business

Please provide a brief explanation as to why:(Required)

Where do you want to take your business next, and why?(Required)

What specific monetary targets do you have for the business?(Required)

How are you going to achieve that target(s)?(Required)

What services will you focus on, and why?(Required)

Finally, if you are not an existing client, please provide read-only access to your cloud accounting software (e.g. Xero, QuickBooks, FreeAgent, Sage), or send us the last set of accounts

“Blu Sky gave us the confidence to grow our business by giving us real-time and longer term insights into our finances.”

Ellen & Henry Co-Founders, Vida Creative