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Services >
Taxation
 As
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
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 instalment
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. Effective corporate tax planning can
also result in significant improvements in your bottom
line.
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 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.
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 taking full advantage
of our complicated tax system.
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
propert
- transferring assets into trust
- arranging adequate life assurance to
cover potential inheritance tax liabilities.
We also have expertise in dealing with
trusts; a relatively easy and very tax efficient way
to set aside assets for future beneficiaries outside
the inheritance tax net. We can advise on the most suitable
type of trust to fulfil your wishes, assist in setting
up the trust and provide the full range of accounting
services required for trust management.
VAT
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
- 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 HMRC
- negotiating with HMRC
in disputes and representing you at VAT tribunals
if necessary.
HMRC Investigations
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 HMRC 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.
Tax protection
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 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.
Require more information?
If you would like more information or would like to ask us a question
then call us on 01242 223160.
To ask us a question online click
here.
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