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Taxation Services

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.

• Personal tax
• National Insurance contributions
• Business tax (sole trader, partnership and limited company)
• Value added tax
• Inland revenue enquiries

Personal Tax

A key service we offer to clients is in the area of taxation planning, aimed at minimising your future tax liabilities. In addition to providing the normal basic services including Self Assessment Returns, we can offer advice on: Capital Gains tax, Benefits in Kind, Employee Pay Schemes and Inheritance Tax.

We will provide to you at the earliest opportunity the estimated amount of any tax liability so that you can plan your cash flow and advise you on whether you can reduce or defer your tax liabilities.

We will help you to determine your income tax status, whether you are employed or self-employed; advise you on your UK residency and domicile; obtain the maximum reduction of your UK tax bill in respect of overseas tax suffered; advise you on the UK taxation effects of coming in or going out of the UK.

National Insurance Contributions

We will help you with your National Insurance Contributions (NIC) including whether to apply for exception from Class 2 NIC; whether to apply for deferment of Class 2 NIC and/or Class 4 NIC; whether Class 1 NIC suffered at source can be credited against Class 4 NIC; advising you on the implications of working overseas as regards NIC.

Business Tax (sole trader, partnership and limited company)

Under self-assessment the legal responsibility for correctly calculating the 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 business's tax liability and provide to you a copy of our calculation of the adjusted profit for taxation purposes and prepare your claim for capital allowances.

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 tax exposure and relieve the administrative burden of compliance with current tax legislation. Effective tax planning can also result in significant improvements in your bottom line net profit

We will help you to select your most tax efficient remuneration package and help with your exit plan from your business and retire in the most tax efficient manner.

Value Added Tax

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; and
• negotiating with Customs and Excise in disputes and representing you at VAT tribunals if necessary.

Inland Revenue Enquiries

Being the subject of a tax investigation by the Inland Revenue can be a stressful and worrying experience. With the onset of personal and corporate self-assessment, Revenue 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, including dealing with the Special Civil Investigations department, 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.

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. Click here for further details.