Self Assessment Tax Returns and Advice
The term ‘self assessment’ is proving to be one of the great misnomers of all time. Many taxpayers struggle to understand the complex tax returns and complete them correctly.
The constant stream of changes to tax legislation means not only that the returns are becoming even more difficult to understand but also that taxpayers risk incurring more penalties through failing to complete their returns on time or correctly.
We can save you a lot of time, worry, and money by handling your self assessment for you. We will do all the necessary computations, complete your return, and even offer advice on how you can minimise your tax liability.
We can act as your agent, dealing directly with the HM Revenue and Customs on your behalf and, should you be selected for a self assessment enquiry, act for you at any meetings.
Corporate Tax Returns and Advice
We can advise your business on statutory requirements and the most efficient ways of fulfilling these obligations, as well as preparing your corporate tax returns.
We advise many companies on the most tax-efficient ways to structure their affairs and ensure that all available reliefs are utilised. In many sectors and areas of business, tax legislation has tended to be an area of regular change and in such cases our specialist team regularly helps clients stay abreast of the latest opportunities, as well as any potential pitfalls.
Income & Capital Gains Tax Planning
We are committed to advising you in a pro-active manner to ensure that your affairs are structured in the most tax efficient manner by:
- Providing appropriate Income Tax Planning in order to minimise liabilities
- Advising on all aspects of Capital Gains Tax to minimise tax liabilities on the sale of business and non-business assets.
- Advising how to maximise Capital Gains Tax exemptions and reliefs.
Inheritance Tax Planning
None of us like to think about dying, but equally few of us could live with the thought that we have not made adequate provision for family and friends who survive us.
The legislation that governs passing on your estate to your chosen beneficiaries requires you to plan well in advance. Since none of us knows when we shall die, this means making the necessary provisions now.
The earlier you make the arrangements, the greater your chance of taking full advantage of the tax opportunities available and thereby maximising the amount that goes to your beneficiaries. Nothing is more demoralising than the thought that a substantial slice of the wealth you have worked hard to accumulate will end up in the Chancellor of the Exchequer’s hands!
Legislation governing this area is extremely complex and ever-changing – but the failure to comply risks penalties being imposed. We can prepare all VAT returns accurately and ensure that VAT has been accounted for.