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.
Corporation tax services
Our services will help to minimise your corporate tax exposure and relieve you of the administrative burden. These include:
- Determining the most tax effective structure for your business
- Taking full advantage of tax opportunities and reliefs
- Achieving the optimum capital or revenue tax treatment
- Reducing tax on disposals and maximising relief on acquisitions
- Making the most of tax opportunities specific to your industry
- Meeting the rigorous demands of compliance including corporation tax returns.
- Acting on your behalf in discussions with HMRC.
Efficient corporate tax planning can result in potentially significant improvements to your bottom line.
Personal tax services (sole-traders and partnerships)
Self-assessment tax returns can be complex, with many taxpayers struggling to complete these correctly.
You are required to file a self assessment return once a year (this will change to quarterly in 2024) to notify HMRC of your income and your tax liability.
By letting us manage your tax returns and planning, we can offer advice to help you pay the lowest amount of tax legally allowed.
Whatever your tax situation may be, we can help you to minimise your tax burden and ensure that your tax solution if efficient, whilst remaining completely legal.
Furthermore, on-going changes to tax legislation mean that taxpayers risk incurring more penalties through failing to complete their returns on time or correctly.
We can deal directly with HMRC on your behalf and, should you be selected for a self-assessment enquiry, act for you at any meetings.
VAT
Whether you have chosen to register for VAT voluntarily or you have reached the threshold and are required to register you, as the business owner, are legally responsible making sure you adhere to VAT rules, deadlines and paying taxes on time.
Another complex area of the VAT system is which VAT scheme to chose for your business, the different VAT schemes available are:
- Standard VAT Scheme (accrual or cash basis)
- Flat Rate Scheme
- Retail and Margin Scheme
- Limited Cost Trader Scheme
- Annual Accounting Scheme
- Domestic Reverse Charge Scheme (for construction)
It is important that you choose the right scheme for your business as this could impact your cashflow significantly.
Require more information?
If you would like more information or would like to speak to us direct then call us on 07521 750028. Or if you would prefer, ask us a question online.