Taxation

We have the expertise and software to take the headache out of the form filling and compliance aspect of Self-Assessment. We give you with practical advice on personal tax positions and the planning opportunities available to you. We can complete tax returns.

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 assist 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 (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.

DON’T BE LATE!

You may need to complete a Personal Tax Return because:-

a)    you have income which is not taxed at source

b)    you are liable to higher rates of income tax

c)     you are self-employed

d)    You are a company director.

Under the self-assessment system it is your responsibility to accurately complete and submit a Return to the HMRC on time.  As well as incurring an automatic penalty for submitting it late, your chances of an enquiry into your affairs is greatly increased. It can be an onerous task to ensure your Return is compliant with all relevant legislation.
In addition to the compliance issue, you will also want to make sure that you are paying the correct amount.  Personal tax (income tax and capital gains tax) is arguably the largest and most important cost which most people pay.

Personal 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.

VAT

Ever changing regulations and the 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
• its registration (or not) and dealing with HMRC
• VAT control and reconciliation
• help with completing VAT returns

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, 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 HMRC 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.

Tax protection

With the increased risk of such investigations it may be worth considering taking out the Fee Protection Scheme 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.