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. We can assist you with the following:
Self Assessment Returns
Managing your tax affairs in a complex and ever changing tax system can be a mine-field. It needs sound planning advice that looks at the big picture to strike the right balance between your current obligations future aspirations. Be it your personal tax, corporation tax VAT or PAYE; we will work closely with you to remind you of important dates for tax, what information to source, missing pieces in your return, absence of which may trigger HMRC enquiries or investigations and above all review and plan for the following years.
Personal Tax
We specialise in income tax and benefit in kind calculations. We can save you a lot of time, worry, and money by handling your self assessment for you. Every pound of income tax you save means more income at your disposal. As they say: 'money saved is money earned'.
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. We will:
Do all the necessary computations
complete your return and
offer advice on how you can minimise your tax liability
Personal tax planning
Today, more and more emphasis is being put on taxpayers' individual responsibilities. New Penalty regime is much harsher and more costly then ever before 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.
PAYE and Dividend Decisions
Tax responsibilities for employers are increasing and with it the need to engage specialist help. We have huge wealth of knowledge and experience to help you understand your responsibilities and to set up systems to comply with the law.
RTI has been marked as the biggest change to Payroll in the past 2 decades and its implications to business are still unfolding. We have the systems in place to deal with the changes to law and expertise to help you to understand and comply with its requirements.
We can also assist you with:-
Employee benefits
Company car taxation
Umbrella arrangements
Share incentives, &
Construction Industry Scheme (CIS)
Capital Gains Tax CGT
Gains on sale of assets can be an unwelcome tax burden but there are several tax planning options available. Timing is the key and therefore you should start planning as soon as you have the remotest inclination of selling an assets.
For retiring business executives it is even more important to consider tax implications of sale of their business - as in other cases, forward planning can have a significant effect on tax payable. Our team has good experience to take you through the implications of CGT before the sale of your assets and options available to you if you have already sold them.
Corporation Tax
Corporation tax represents a substantial part of your trading costs if you are operating as a Limited company. Under Corporation Tax Self Assessment (CTSA), the legal responsibility for correctly calculating the corporation tax liability falls on business owners. Moreover, the increased reporting obligations, robust investigation policies on the part of the tax authorities, and harsher penalties for non-compliance mean that an undue amount of your time and resources can be taken up collecting revenue for the Government.
We will handle issues ranging from straightforward compliance to complicated tax planning. Our proactive approach ensures that you maximize the opportunities available to you. You can take advice on transactions that you have undertaken or that are in the pipeline to ensure that all available tax relieves are availed.
We offer a range of services to help you minimise your corporate tax exposure and relieve you of the administrative burden of complying with tax legislation. These include:
Determining the most tax effective structure for your businesstaking full advantage of tax opportunities and relieves
Achieving the optimum capital or revenue tax treatmentreducing tax on disposals and maximising relief on acquisitions
Making the most of tax opportunities specific to your industryefficient corporate tax planning that can result in potentially significant improvements in your bottom line.
Value Added Tax (VAT)
Value added tax is one of the most complex and onerous tax regimes imposed on business - so complex that many businesses inadvertently overpay or underpay VAT. Ever changing regulations and 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, and
Negotiating with H M Revenue & Customs in disputes and representing you at VAT tribunals if necessary.
Tax Planning & Consultancy
Like any other discipline, tax responds as well to good planning and control as any other business cost. We believe that all clients, be they individuals or companies, are different and need individual tax strategies. These strategies ensure that liabilities are known in advance and that maximum benefit is derived from allowances through forward planning. They also ensure that all tax matters including preparation and filing of tax returns are dealt with in time in order to avoid last minute rush and hefty penalties and interest.
Tax is usually seen as a burden and is left to chance. We believe that forward planning of tax can accrue not just peace of mind but substantial cost savings as well. Make sure you take full advantage of the tax saving opportunities open to you - call us today for a tax planning review.