Under Corporation Tax Self Assessment (CTSA), the legal responsibility for correctly calculating the corporation tax liability falls on business owners. The increased reporting obligations, investigation policies on the part of the tax authorities and harsher penalties for non-compliance mean that your time and resources can be taken up with tax administration.
However, by engaging a firm of Chartered Accountants, we will help to minimise corporate tax exposure and relieve the administrative burden of compliance with current tax legislation.
Personal Allowance, tax credits, entitlement, what does it all mean? We have the expertise and software to take the headache out of the form filling and compliance aspect of Self Assessment. We can provide you with practical advice on personal tax and the planning opportunities available to you. Over recent years HMRC have increased the penalties for failing to file a return on time and for errors. We can complete tax returns, calculate any tax liability and advise you on exactly when to make payments and how much to pay.
Capital Gains Tax
Capital gains can at some point affect us all. If items of value are bought and sold Capital Gains tax may be due depending on the type of asset and how it is disposed. This can lead to complex calculations which we can do for you and ensure all reliefs are claimed.
Few of us like to think about dying; however the relevant legislation requires us to plan well in advance. Why should the tax man get it all! There are many tax opportunities available and the earlier arrangements are made, the greater the chance of taking full advantage of our complicated tax system, ensuring the tax man doesn’t keep a large portion of your estate
Everyone who is subject to taxation needs professional advice and support if they are to optimise their tax position and ensure they meet the compliance requirements. Our specialist tax team can provide you with year-round advice on all aspects of taxation.
Ever changing regulations and the growing demands of HMRC mean VAT compliance can be a difficult administrative process. We can help to ensure that you comply with the regulations and that overpayments are not made. To help you manage this complex area, we provide an efficient, cost-effective VAT service, which includes:
- assistance with VAT registration
- advice on VAT planning and administration
- use of the most appropriate scheme
- VAT control and reconciliation
- help with completing VAT returns
- planning to minimise future problems with HMRC
- negotiating with HMRC in disputes and representing you at VAT tribunals if necessary.
Require more information?
If you would like more information or would like to speak to us direct then call us on 01388 662133. Or if you would prefer, ask us a question online.