Taxation Services

Working closely with you to ensure you pay the minimum tax...

Taxation Services photo

With the ever increasing complexity of taxation and the penalties for non-compliance, our portfolio of tax accounting services can provide invaluable support for you and your business.

From the day to day running of your business to planning for the future, our tax accounting services ensure that you understand both your tax obligations and the options you have for future change.

We can also provide tax accounting services to support your business should a tax investigation be initiated.

Individuals are increasingly affected by taxation on earnings and investments. As well as providing support for self assessment tax returns, our tax planning and tax mitigation services can help to ensure that your financial affairs are tax efficient.

Tax Accounting

Whether your business is incorporated and requires Limited Company Accounts, or runs on a sole trader or partnership basis, you have a responsibility for tax accounting.

By engaging our tax accounting services, you can be sure that your tax accounting responsibilities can be met in an accurate and timely manner. Not only is it essential for your tax accounting reporting to meet any statutory obligations, it is also important for you to have an accurate understanding of your businesses tax obligations. With our tax accounting services, there should be no nasty surprises.

For sole traders and partnerships, annual tax accounting is essential to provide profit & loss statements which will in turn form part of your personal self assessment tax returns.

Tax Advice

Our expertise in the areas of both business and personal taxation issues enables us to provide our clients with valuable tax advice.

Corporate & business tax will represent a substantial cost to any profitable business, not only in terms of the tax itself but also in compliance with reporting obligations, investigations with tax authorities and penalties for non-compliance. Combined with our other tax accounting services, our tax advice can help you minimise your corporation tax payments and relieve you of any administrative burden of complying with tax legislation.

For individuals, our tax advice can also prove invaluable. Whether you have a straightforward query, or have a complex investment portfolio, we can provide you with tax advice to minimise your tax liability and maximise your returns.

Tax Returns

For businesses, we can take care of the administration of complying with tax legislation, including preparing and submitting your partnership or corporation tax self-assessment returns.

Self-assessment Tax Returns are also increasingly being requested from individuals. For employees who pay their tax through PAYE, tax returns are not commonly required, however if you have other earnings not covered by PAYE, or are self employed, it is very likely that tax returns will become part of your annual financial activities.

For anyone facing the issue of tax returns for the first time, it can be a daunting prospect. We can help prepare your self assessment tax returns, including all relevant income such as any business profits or rental revenues. We can determine the information required to accurately complete tax returns including computing capital gains and inheritance tax liabilities where appropriate.

Tax Planning

Tax Planning can be beneficial in a wide variety of business and personal circumstances.

In business, tax planning is essential to ensure that the best possible use is made of any available tax allowances and also that businesses are prepared for forthcoming changes in taxation legislation.

Personal tax planning is also increasingly important as personal wealth grows. While the property market may go through periods of uncertainty, it is likely that for most people property will still provide their largest single asset. For others, property may also form part of their investment portfolio. Tax planning is essential to ensure you benefit from all available tax allowances e.g. Principal Private Residence (PPR) election, purchases in joint names etc.

It is also important that you undertake tax planning to mitigate against inheritance tax liabilities.

Tax Mitigation & Wealth Management

Tax mitigation is an important service for both businesses and individuals. By assessing your specific circumstances, we can provide advice which could enable you or your business to pay sometimes substantially less tax than you would otherwise.

Whether you have an incorporated or an unincorporated business, are an individual with a high self-employed profit margin, or are considering a large property purchase, contact us if you would like to explore whether our tax mitigation services could be of financial benefit.

Examples include:

  • Extracting profits from your business
  • Remuneration strategies
  • Business exit strategies
  • Retirement planning

Tax Investigations, enquiries and disclosures

Tax Investigations and conflicts with HM Revenue & Customs (HMRC) create difficult and stressful times. We specialise in resolving any HMRC investigation or disclosure in the most efficient, cost effective and timely manner possible.

To discuss how we can help you more specifically, please contact us.