As tax advisers, our objective is to work closely with you to ensure you pay the minimum amount of tax as required by law. We will help you to understand the tax implications of your actions, in order that you can plan and conduct your affairs efficiently.
Corporation tax services
Under Corporation Tax Self Assessment, the legal responsibility for calculating correctly the corporation tax liability falls on business owners. We understand the issues facing owner-managed businesses and prepare tax returns in a timely and efficient manner. We will calculate your company's tax liability and assist with the computation of any quarterly instalment payments due.
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 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 to your bottom line.
Personal tax services (including sole-traders and partnerships)
We are specialists in income tax and capital gains tax and makes claims including Capital Allowances, Entrepreneurs' Relief, Incorporation Relief and Private Residence Relief.
We have the expertise and software to take the headache out of the form filling and compliance aspect of Self Assessment. We provide you with practical advice on personal tax mitigation and the planning opportunities. Over recent years HMRC has increased the level of penalties for errors and failing to file a return on time. We complete tax returns, minimise any tax liability and advise you when and how much to pay.
Personal tax planning
Everyone needs professional advice and support if they are to optimise their tax position and ensure they meet the compliance requirements. We provide with year-round advice on all aspects of personal taxation.
Ever changing regulations and the growing demands of HMRC mean VAT compliance can be a difficult administrative process. To help you manage this complex area, we provide an efficient, cost-effective VAT service, which includes:
- Assistance with registration.
- Advice on planning and administration.
- Use of the most appropriate scheme.
- Help with completing returns.
- Submission under the Making Tax Digital requirements.
- Negotiating with HMRC in respect of any dispute.
HMRC Investigations and Enquiries
Being the subject of a tax investigation or enquiry by HMRC is stressful and worrying. We have a wealth of experience in dealing with HMRC investigations, whether they are enquiries into an individual’s Tax Return, more detailed enquiries into a company’s affairs or employer-related investigations into PAYE and P11D compliance. If you are the subject of an investigation, we can provide expert help and support.
With the increased risk of such investigations we recommend that clients take out our annual protection scheme to protect you and your business from unexpected costs of an HMRC enquiry. Even if HMRC find nothing wrong, you will still need to pay for technical advice provided.
Our protection service is provided by Markel Tax. Formed through the acquisition and merger of Abbey Tax, Accountax, HowarthLynch and Gabelle, Markel Tax is a leading UK tax consultancy and insurance provider. Markel Tax provides accountancy practices with tailored and appropriate protection solutions, designed to pay our fees for the most frequent and relevant HMRC enquiries. The service is designed to limit the damage and stress of having to deal with an HMRC investigation and covers full and aspect enquiries into:
- Corporation tax returns.
- Partnership tax returns.
- Sole trader tax returns.
- Personal tax returns.
Disputes relating to:
- Employer compliance (PAYE, P11D and NIC) and employment status.
- Construction Industry Scheme.
Require more information?
If you would like more information or would like to speak to us direct then call us on 01249 709349. Or if you would prefer, ask us a question online.