Taxation

Taxation has an effect on everyone during the course of our lives and has a profound impact on both personal and corporate wealth. It is vital to have experts looking after your tax affairs.

Tax legislation is becoming increasingly complex, as the government seeks to increase taxation revenues from both individuals and business.

We act on your behalf as the buffer between you and HM Revenue and Customs, allowing you to concentrate on running your business.

Our experienced and dedicated tax team are used to preparing returns within the filing deadlines for both business and personal purposes and advising of liabilities in a timely and efficient manner.

Business Taxation

We are experts in the mitigation of business taxation, whether the trade is carried on through a Limited Company, Limited Liability Partnership, Partnership or sole trader; we are also able to advise on whether that entity is still appropriate.

Limited Companies are taxed under the rules relating to Corporation Tax, whilst sole traders, partnerships (including Limited Liability Partnerships) and individuals are taxed under Income Tax.

Our tax experts conduct all aspects of Corporation Tax, and comprehend the interaction with other taxes, such as capital gains tax and Inheritance Tax, whether this be tax planning for the large complex group to profit extraction and the passing on of the business.

We are well versed in dealing with both un-incorporated businesses and Limited Liability Partnerships and looking at the tax planning opportunities that these may offer, from incorporation to the introduction of partners.

Personal

There are many aspects that impact on the overall income tax liability of an individual, whether this is taxes on income or on capital such as Capital Gains Tax. We are able to look at an individual’s personal and family circumstances in order to optimise their overall position.

For matters in relation to Income Tax this will include:-

  • Dividends and salary
  • Benefits in kind
  • Pension contributions
  • Savings and investment income.

In relation to the Capital Gains Tax and Inheritance Tax matters to be considered would be:-

  • The family home and any other properties owned.
  • The passing on of wealth from one generation to the next.

VAT

In recent years changes to VAT legislation such as the interest and penalty regime have increased the burden on business, as this tax becomes ever more complex to understand.

We undertake for a number of clients the preparation of their returns, either on a monthly, quarterly or annual basis. We can also advise about registration, de-registration, cash or annual accounting schemes.

We are in a position to advise on the VAT implications of particular transactions such as purchase of property and the affect that this will have on your business.

Trust & Estates

Estate planning is vital to ensure that accumulated weatlh is passed on in the most tax efficient way from one generation to the next.

It is vitally important to plan for the future; whether in relation to your business or personal affairs in order to retain the maximum value for the family.