We will help you to understand the tax implications of your actions, in order that you can plan ahead and conduct your affairs in a tax efficient way.
Corporation tax services
Under Corporation Tax Self Assessment (CTSA), the legal responsibility for correctly calculating the corporation tax liability falls on business owners. We understand the issues facing owner-managed businesses and can prepare tax returns in a timely and efficient manner. We will also calculate your company’s tax liability and assist with the calculation of any quarterly installment payments.
The increased reporting obligations, investigation policies on the part of the tax authorities and harsher penalties for non-compliance mean that your time and resources can be taken up with tax administration. We will help to minimise corporate tax exposure and relieve the administrative burden of compliance with current tax legislation.
Personal Tax (including sole-traders and partnerships)
We are specialists in income tax, capital gains tax and inheritance tax.
Self Assessment: We have the expertise and software to take the headache out of the form filling and compliance aspect of Self Assessment. We can provide you with practical advice on personal tax positions and the planning opportunities available to you. We can complete tax returns, calculate any tax liability and advise you on exactly when to make payments and how much to pay.
Personal tax planning: Today, more and more emphasis is being put on taxpayers’ individual responsibilities and everyone who is subject to taxation needs professional advice and support if they are to meet their compliance requirements. Our specialist tax team can provide you with year-round advice on all aspects of personal taxation.
Estate planning: Few of us like to think about dying, however the relevant legislation requires us to plan well in advance. This means making the necessary provisions now. There are many tax opportunities available and the earlier arrangements are made, the greater the chance of mitigating estate tax liabilities.
It is important when planning to transfer an estate that adequate provision is made and getting the right balance requires considerable skill and foresight - along with a detailed knowledge of the current tax regime. We provide a discreet comprehensive estate planning service that includes:
- help with planning and reviewing a will;
- making full use of exemptions and lower tax rates on lifetime transfers;
- optimising lifetime transfers between family members;
- transferring agricultural or business property;
- transferring assets into trust; and
- arranging adequate life assurance to cover potential inheritance tax liabilities.
We recognise the value of using Trusts in relation to Estate and Inheritance Tax planning. We can work with your Solicitor, or alternatively recommend Solicitors with whom we have experience, to ensure that the most suitable type of Trust is used to fulfill your wishes. We can also provide full accounting and taxation assistance required for Trust management.
Ever changing regulations and the growing demands of Customs & Excise mean VAT compliance can be a difficult administrative process. We can help to ensure that you comply with the regulations. To help you manage this complex area, we provide an efficient, cost-effective VAT service, which includes:
- assistance with VAT registration;
- advice on VAT planning and administration;
- use of the most appropriate scheme;
- VAT control and reconciliation;
- help with completing VAT returns;
- planning to minimise future problems with Customs and Excise; and
- negotiating with Customs and Excise in disputes and representing you at VAT tribunals if necessary.
Being the subject of a tax investigation by HMRC can be a stressful and worrying experience. Personal and corporate self-assessment enable HMRC staff review cases on a ‘sample basis’; consequently, tax investigations have become more frequent. We have a wealth of experience in dealing with Inland Revenue investigations, whether they are enquiries into an individual’s Tax Return under the Self Assessment regime, more detailed enquiries or employer-related investigations into PAYE and P11d compliance. If you are about to be the subject of an investigation, we can provide expert help and support.
With the increased risk of such investigations it may be worth considering taking out our annual insurance policy to protect you and your business from unexpected professional costs; an investigation will undoubtedly result in additional accountancy work being undertaken. The amount of work will depend upon the complexity of the case but the cost could be substantial.
We offer a fully tailored service through a leading provider for all our clients, which covers both full, and aspect enquiries on self assessment cases, together with VAT & PAYE investigations at a cost effective price. Please contact us if you would like further details.
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