Personal Tax

We can advise you in every aspect of personal taxation whether for compliance or advisory services and will look for planning opportunities as they arise.

HMRC have recently announced that tax returns, as we know it, will end with the introduction of Making Tax Digital which will mean taxpayers and their agents having to review and agree the information that has been digitally submitted to individual tax accounts from third parties. This is a fundamental shift of responsibilities and further information will still need to be submitted to HMRC for those who are self-employed, landlords, make capital gains, have foreign income, or are regarded as non-resident or non-domiciled.

Those who are self-employed or are landlords will have to make quarterly digital submissions to HMRC using accounting software. We will be able to guide you through this significant change in how your tax affairs will be dealt with and ensure that you have the most appropriate solution to keeping records digitally.

We can:

• Advise you on the most appropriate solution for keeping records digitally to ensure compliance with Making Tax Digital

• Ensure that all relevant expenses and tax reliefs are claimed for your business

• Complete rental income accounts and ensure that all relevant expenses are claimed

• Prepare your annual tax return and, when the time comes, make the appropriate quarterly submission to HMRC under Making Tax Digital

• Make Capital Gains Tax calculations and ensure all tax reliefs are claimed

• File the annual tax return with HMRC electronically before the deadline

• Deal with any queries that HMRC may raise in respect of your tax return

• Advise in respect of the taxation of non-resident landlords

• Confirm your tax liabilities each year and how to make payment

• Deal with tax investigations, time to pay arrangements, and negotiating with HMRC
  

  
  

Corporate Tax

Businesses are under ever increasing scrutiny from HMRC and so ensuring that you comply with the tax rules is essential.

We have a wide range of experience providing both tax compliance and planning work for businesses and by working closely with you we can ensure that you not only meet the compliance process but also identify planning opportunities.

We can:

• Assist in setting up your company in the most tax efficient structure

• Deal with registration with HMRC for all relevant taxes

• Prepare annual corporation tax returns and computations

• Advise and make claims regarding tax relief on assets used in the business through capital allowances

• Advise and make claims for Research and Development costs

• Calculate the tax liability for the year

• Claim loss relief and group relief where appropriate

• Advise in respect of the quarterly payment of corporation tax for larger companies

• Identify planning opportunities

Tax Planning

Tax and compliance requirements are becoming ever more complex. There has been a general tightening of regulation in respect of tax avoidance, and so effective tax planning has to be carefully considered.

We can:

• Advise you in respect of tax planning for both personal and corporate tax

• Look at your current business circumstances with a view to identifying the most tax effective structure

• Advise you in respect of capital gains tax planning

• Advise you in respect of the most tax effective way to own property