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Tax specialists
Our highly experienced team has the expertise to deliver the tax advice that you need, whenever you need it.
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Tax shouldn’t be Taxing
Knowing how to gain tax efficiency requires expert guidance.
As Chartered Accountants, you can rely on our team to advise on company tax, personal tax and R&D Tax credits whilst ensuring that you stay compliant with HMRC and tax deadlines. We can register your business for all the applicable taxes as part of our company formation service and take care of all tax filings.
Our Tax Services
Our Services
Tax
Self Assessment
If you are self-employed and received untaxed income or a director of a limited company, you are responsible to file a self assessment and pay the tax that is due on the income earned. While some do try to complete their self-assessment forms themselves there are some strong advantages in asking an accountant to assist with the process.
We can analyse your self-assessment tax return to quickly be able to see if any tax savings can be made.
We can review the form to see if there are any issues that may need addressing before the return is submitted.
If you are experiencing any cashflow issues, we can discuss the possibilities of deferring your tax payments or negotiating a payment plan with HM Revenue & Customs on your behalf.
This process helps to minimise your risk of an enquiry by HM Revenue & Customs into your tax affairs.
Tax
Corporation Tax
We pride ourselves in supporting hundreds of companies in dealing with their corporation tax. Our tax team will liaise with HM Revenue & Customs on your behalf to support the preparation and submission of your corporation tax return, all the time ensuring your company’s annual tax liability is a true representation of your company’s profit while keeping it as low as possible.
We can also help with minimising your corporation tax liability by offering advice on tax-deductible expenses, purchases and R&D tax credits.
Tax
Research & Development Claims
If you are a UK company that is investing in innovative new products or services, then you may qualify for corporation tax relief on research and development (R&D Tax Credits). R&D Tax Credits exist to reward businesses that invest in innovation and can be also claimed where projects have been unsuccessful.
R&D tax credits are available to a number of businesses in industries such as Construction, Manufacturing & Engineering, Food & Drink, Hospitality & Tourism and Science & Technology.
Tax
VAT
If your business has a VAT taxable turnover over £85,000, it is required to be VAT registered. Once registered your business must charge VAT on its invoices, pay any VAT due and file a quarterly VAT return digitally. There are two VAT schemes, the Flat Rate Scheme and the Standard Scheme.
We can help with registering your business for the most suitable VAT scheme and ensure that your VAT returns are Making Tax Digital compliant. If you are still working with spreadsheets then you should consider switching to us.
Tax
Inheritance Tax Reviews
With an ever-increasing rise in house prices, people living longer and subtle changes in its operation, inheritance tax is becoming more of an issue for people.
Without taking action in advance individuals can unwittingly run up a significant inheritance tax bill. The most common scenario where this happens is where a spouse leaves all their estate to the other spouse. As a transfer between spouses is exempt there is no inheritance tax on the first transfer. However, the surviving spouse’s estate has now effectively doubled in size so when they pass away the combined estate is now subject to inheritance tax.
Our tax advisory team can undertake an inheritance tax review and provide feedback as to the best strategies to use to mitigate any inheritance tax exposure such as the one highlighted above. As each individual is different, the planning and suggestions provided are tailor made.
After our review, we are able to assist in implementing the recommendations put forward.
Talk to us today
Get in touch today to see how we can help your business excel.