Taxation Services

Our core Taxation Services consist of…

• Inheritance Tax Planning
• Payroll and PAYE Returns
• Personal Tax
• Property Tax
• Tax Disputes
• Tax Enquiries and Investigations
• Tax Investigation Fee Protection
• Tax Planning
• Tax Returns and Self-Assessment
• VAT Planning and Disputes
• VAT Registration
• VAT Returns

Inheritance Tax Planning

Tailored wealth succession planning enables a smooth transition to the next generation as well as minimising tax liabilities.

We can advise…

• Individuals whose estate planning is close to the nil rate band or many times larger;
• Techniques to mitigate inheritance tax on family homes, family businesses and investment portfolios;
• On both lifetime transfers and wills.

However, estate planning is not solely about tax and we adopt a common sense approach, helping you to ensure your own financial needs are met and to avoid “giving away too much too soon”.

Payroll, PAYE Returns and RTI

Let us take the strain away from you and let you get on with running and growing the business. Payroll is complicated and has to be done on time and you as the employer are responsible for the mistakes.

We run payrolls on time and can provide a tailor made service for your business including…

• Employee payslips
• Monthly summaries
• Departmental reports
• Dealing with leavers and starters
• Provision of analysis of staff costs
• Real Time Information (RTI) PAYE returns for the Revenue
• Assistance with automated payment set-up to your employees
• CIS returns completed by us.

You will never have to worry about calculating statutory sick pay or maternity pay and dealing with tax credits and student loan deductions ever again!

And at year end…

• Employee summary P60’s
• P11D and P9D benefit and expenses returns.

Personal Tax

Need help with your Tax Return or want to pay less tax?

Personal tax services are available both for business owners and private individuals including…

• All aspects of Self-Assessment
• Dealing with Tax Returns
• Tax enquiries
• Computation of liabilities
• Correspondence with HMRC
• Inheritance tax planning
• Tax Investigation Fees Protection

Property Tax

Are you a buy to let investor or property dealer or developer?

Property tax is a bit of a maze and we can advise you on issues such as…

• Tax reduction strategies for rental income
• What is a repair and tax deductible and what is capital and not
• When to use a Limited Company to save tax
• Trading income versus Capital Gain considerations and advice
• Capital Gains rollover and holdover considerations
• Stamp Duty planning
• Tax efficient mortgage structures
• VAT considerations of property deals
• Making the most of the Principal Private Residence election
• Tax issues on the sale of part of your residence
• Second homes
• Inheritance Tax angles.

Tax Enquiries and Investigations

It is an unfortunate fact of business life that you may well come under enquiry by HMRC through no fault of your own or of your accountant. HMRC now investigates businesses at random as well as for specific reasons. A full investigation is not a pleasant experience for anyone. Without expert defence it is possible to get trampled all over.

If you are selected at random, you need an accountant who knows how HMRC works and thinks and is prepared to fight your case. We make sure that the Taxman keeps to its own internal guidelines and doesn’t over step the mark. We will talk you through the enquiry process and what to expect and support you throughout.

Tax Investigation Fee Protection

Worried about the accountancy fees of a tax investigation?

With the ever increasing risks of full tax enquiries and investigations, it’s worth considering protecting yourself from the accountancy costs of dealing with it as the amount of work involved is often substantial.

You can get cover for the following…

• Self-assessment enquiries
• VAT enquiries
• PAYE and benefits enquiries
• IR35 enquiries.

Even if HMRC finds nothing as a result of any investigation, you will still have unexpected professional fees to pay as a result.

We cannot prevent you from being investigated by the Taxman, but we can help to ensure that you get the best possible support and advice without having to worry about the cost.

Tax Planning

You are entitled to arrange your affairs to pay the absolute legal minimum amount of tax.

Whilst completion of tax returns and statutory tax obligations are important jobs, all accountants should be capable of completing them and advising you of your tax position and liabilities.

We try to do more than just this and are interested in maximising your tax planning opportunities.

We all have to pay our taxes but within the legal framework there are numerous ways of saving tax and making sure you do not pay a penny more than is absolutely necessary. We have extensive experience in this area of work and always fight as hard as we can for our clients.

We can help with tax planning in relation to…

• Personal taxes
• Business taxes
• Tax efficient employee remuneration strategies
• VAT planning
• Inheritance Tax strategies
• Capital Gains
• Profit extraction strategies
• Exit strategies
• Employment status
• IR35 advice.

Apart from extensive experience in this arena, we have invested heavily in reference materials and specialist software and have access to the Tax Legislation, Tax Cases, to the internal manuals of HMRC and to detailed commentary on all taxes, direct and indirect. This allows us to research any tax topic at all and provide many ways of helping you legally save tax.

New clients are often surprised at how much can be done to help with their tax position. We are always willing to go that extra mile to offer advice on the areas where tax can be saved. We enjoy this work!

It is important that this work is done in advance and you should contact us as soon as possible.

All of our Tax Planning makes legitimate use of the Tax Legislation and Case Law, so that you are not put at additional risk from a full HMRC Enquiry, or where there are risks, these are pointed out to you.

Tax Returns and Self-Assessment

Tax Returns can be completed for…

• Individuals and sole traders
• Partnerships
• Limited Companies.

The self-assessment regime is full of penalties and HMRC enquiry powers are extensive. It’s important that…

• Returns are correctly completed
• They are filed on time
• All backup records are retained for the appropriate period of time.

As well as the completion of your return we can assist with…

• Advice on your tax liabilities
• Negotiating with the Collector if necessary
• Identifying suitable tax planning opportunities
• Completing all the necessary tax computations
• Dealing with all correspondence from HMRC, taking the worry away from you.

VAT Planning and Disputes

Compliance with VAT is becoming ever more complex. Investigations from the Vatman can be intense – all the more important that you have an accountant who is successful in negotiations with them.

We take best advantage of the reliefs available and the interpretation of the regulations. This is an extremely important feature of the service provided as it ensures peace of mind for all our clients.

We can help you with advice on the VAT schemes suitable to your business and dealing with VAT control visits as well.

VAT Registration

For VAT registration we can assist with…

• Advising if you need to or if it would be beneficial to register
• Completion of the VAT registration forms and formalities
• Advising on the best VAT schemes to use suitable to your business – some you have to notify HMRC you are using and some you don’t.

VAT Returns

There are three methods we can use to assist in completion of VAT returns…

1. Let us do your book-keeping and we complete the return from there
2. Give us your books and we’ll complete the return for you
3. Provide training on how to complete your return.

We complete VAT returns in good time to ensure you avoid any penalties.

Next Step:

Please contact us if you need further advice, have any questions about our services, would like a free consultation or a fixed fee quote.