TAX
We offer a complete solution to clients. As well as completing your return, we use our knowledge of your individual circumstances to provide you with proactive advice and help you to minimize your tax burden. Our knowledge of trust and tax law and its practical application has enabled us over many years to establish a large and well respected trust department, making us one of the leading practices in the area offering such a specialized service.
Tax Returns and Self-Assessment
Compliance with VAT is complex. Investigations by the VAT Man can be intense – all the more important is that your VAT returns are completed correctly.
There are three methods we can use to assist in the completion of VAT returns…
- Let us do your book-keeping and we complete the return from there
- Give us your books and we’ll complete the return for you
- Provide training on how to complete your return
We complete VAT returns in good time to ensure you avoid any penalties.
In addition, we can assist with…
Tax Disputes
It’s an unfortunate fact of business life that from time to time there will be disagreement between the taxpayer and HMRC.
Sometimes it is the facts of the case that are in question but it is also often the legislation itself that is in question. Tax isn’t always black and white and where this is the case we are happy to argue your case in the strongest possible terms.
As a taxpayer, you have many rights and we will ensure they are never forgotten by HMRC.
Tax Planning
Whilst completion of tax returns and statutory tax obligations are important jobs, all accountants should be capable of completing them and advising you of your tax position and liabilities.
We try to do more than just this and are interested in maximising your tax planning opportunities.
We all have to pay our taxes but within the legal framework, there are numerous ways of saving tax and making sure you do not pay a penny more than is absolutely necessary. We have extensive experience in this area of work and always fight as hard as we can for our clients.
Tax Enquiries and Investigations
It is an unfortunate fact of business life that you may well come under inquiry by HMRC through no fault of your own or your accountant. HMRC now investigates businesses at random as well as for specific reasons. A full investigation is not a pleasant experience for anyone. Without expert defence, it is possible to get trampled all over.
Making Tax Digital (MTD)
Making Tax Digital is a key part of the government’s plans to make it easier for individuals and businesses to get their taxes right and keep on top of their affairs.
HMRC’s ambition is to become one of the most digitally advanced tax administrations in the world.
The Penalties
There are various penalties HMRC can seek to impose following an inquiry for undeclared income. As well as having to pay the tax, you can find them seeking penalties up to an amount equal to the tax, doubling your tax bill. Interest on the late payment of the tax is also part of the arrangement – not a pleasant experience. We can help you minimize these penalties.