Taxation may not be the favourite subject for everybody but it is important whether you are in business or not. As your tax advisers, our objective is to work closely with you to ensure you pay the minimum tax required by law. 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
Corporation tax applies to limited companies. 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. Effective corporate tax planning can also result in significant improvements to your bottom line.
Personal Tax (including Sole-traders and Partnerships)
We are specialists in income tax, capital gains tax and inheritance tax.
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 optimise their tax position and ensure they meet the compliance requirements. Our specialist tax team can provide you with year-round advice on all aspects of personal taxation.
Capital Gains and Inheritance Tax
Capital gains tax can apply not only to businesses but also to individuals with investment properties, stocks and shares and other capital assets. It is vital that expert advice is obtained in this complex area. Careful planning and the use of the various reliefs which are available can help to eliminate potential liabilities. Recent increases in property values have resulted in many more individuals being potentially exposed to inheritance tax and it is imperative that you take advantage of all exemptions open to you. We can advise you on your various options and can assist with proactive planning to ensure tax liabilities are kept to the legal minimum.
The rules on national insurance are nearly as complicated as those for taxation and for businesses with more than a few employees can involve large sums of money. There are also different classes of contributions to consider and other regulations to contend with. We can help you through the minefield of national insurance compliance and planning.
Ever changing regulations and the growing demands of HMRC mean VAT compliance can be a difficult administrative process. We can help to ensure that you comply with the regulations and that overpayments are not made. To help you manage this complex area, we provide an efficient, cost-effective VAT service, which includes:
- assistance with VAT registration;
- VAT planning and administration;
- advice on the use of the most appropriate schemes;
- VAT control and reconciliation;
- help with completing VAT returns;
- planning to minimise future problems with HMRC; and
- negotiating with HMRC in disputes.
Being the subject of a tax investigation by the HMRC can be a stressful and worrying experience. With the onset of personal and corporate self-assessment, HMRC staff can now review cases on a 'sample basis'; consequently, tax investigations have become more frequent. We have a wealth of experience in dealing with such 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 an annual insurance policy to protect you and your business from unexpected costs as 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.