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, so that you can plan ahead and mitigate the tax you pay.
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 help 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.
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.
Inheritance tax and estate planning With recent increases in house prices, many of us will have personal estates in excess of the inheritance tax threshold. 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 property
- transferring assets into trust
- arranging adequate life assurance
to cover potential inheritance tax liabilities.
Trusts
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.
Capital gains tax
Capital gains tax arises when assets are sold at a profit. With careful planning we can help to maximise the reliefs available and minimise the liability arising.
- effective use of main residence elections
- minimising tax by transfers between spouses
- reducing the impact of the new “Pre Owned Asset” rules
NIC and PAYE
We can help with annual compliance issues including P35’s, P11d’s etc. Revenue are increasingly challenging the employment status of workers. We can review those who work for you including sub contractors to ensure that they have the correct employment status.
VAT
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 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 Customs and Excise
- negotiating with Customs and
Excise in disputes and representing you at VAT
tribunals if necessary.
Read more about the Tax Investigation Protection we can provide
ACTION:
If you would like more information
or would like to ask us a question then call us
on 01455 238551. To ask us a question online click
here. |