Tax

Tax Returns

The preparation of a self-assessment tax return can be a daunting prospect, but it is something that has to be done properly and on time. We offer a personal compliance service for the preparation of business and personal self-assessment tax returns

This is how we do it:

• You send us details of your income and expenses
• We look at other expenses that you can reasonably claim for
• You are welcome to meet with one of our tax partners
• Email and telephone advisory on all tax matters right down to “should I buy or lease my next car?”
• We want you to talk to us so we can keep up to date with your tax affairs and you get the best tax advice from us
• We will remind you of deadlines and filing dates
• We will Set out how we have calculated your tax bill in a simple and easy to understand format
• Telling you how much tax you need to pay and when to pay it

Tax Planning

This is our favourite subject and specialism.

Everyone wants to legitimately reduce their tax bill, but the rules are complicated, there are pitfalls and tax planning often involves overly complicated schemes. What works best is often missed. It is often the simplest ideas that are easiest and cheapest to put in place.

The objective is to come up with ways of saving tax that are simple to implement and commensurate with the resulting savings.

This is designed to help individuals and small to medium sized businesses – The clients we work with.

We particularly like exploring these areas:

• Income and capital tax
• Capital distributions
• Income distributions
• Maximizing allowances and lower rate bands
• Entrepreneurs’ relief
• PAYE and dividends
• Capital financing options
• Parallel business operations
• Group structures
• Capital acquisitions and ownership
• Share reorganization
• Share restructuring and purchase of own shares

Tax Enquiry Scheme

HMRC seem to be issuing more tax enquiries

A stressful day when you receive their letter, worrying when you think about the professional cost in helping you comply

Professional Fee Protection (PFP) is a tax enquiry cover that will pay our fees to deal with an enquiry for you. No excess at a very reasonable cost.

A PFP tax enquiry scheme will provides cover for:

• Aspect inquiries
• Full investigations
• PAYE compliance visits
• VAT reviews
• Free employment law helpline
• Free health and safety helpline