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

Corporation tax represents a substantial cost to the business. Our tax department offers a range of services to minimise your corporate tax exposure and will ensure that payments are determined on time after careful planning and in accordance with relevant legislation. Our services include :

Preparation of annual corporation tax return;
Deciding the most effective structure for your business;
Maximising planning opportunities and reliefs available;
Achieving the optimum tax treatment of capital/revenue;
Meeting all compliance demands including corporation tax self assessment;
Acting on your behalf in discussions with the HMRC;
Tax planning for directors, including P11D advice, Share Option Schemes, Enterprise Investment Schemes and Retirement planning; and
HMRC investigation and dispute settlement negotiations.

Personal Tax (including sole-traders and partnerships)

Our tax department deals with all aspects of Income Tax, Capital Gains Tax and Inheritance Tax for individuals, partnerships, company directors and owner-managed businesses.

We offer an efficient and comprehensive service ensuring all tax returns are completed within deadlines and advise on tax liabilities and payment dates. Our services include :

Preparation of self assessment returns;
HMRC investigations and dispute settlement negotiations;
Tax planning reviews;
Inheritance tax planning; and
Advice on the use of Trusts.

Make sure you take advantage of the full tax saving opportunities due to you - contact us today and arrange a personal tax planning review.

We are able to arrange an insurance policy for you to provide cover against possible costly tax investigations introduced as part of the self assessment regime. These enquiries have increased significantly and our insurance policy provides a safeguard against a full tax investigation and reimburses and fees incurred through professional services.

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 wil;
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 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 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 H M Revenue & Customs; and
negotiating with Customs and Excise 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 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 HMRC 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 01332 360808.
To ask us a question online click here.