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AccountancyAnnual Accounts ConsultancyBusiness Planning – Forecasts |
TaxationTaxation affects all of us during the course of our lives' and has an impact on both personal and corporate wealth. It is important that you have experts handling your tax affairs. 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 are able to deal with all aspects of Corporation Tax, and understand 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 use to 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
In relation to the Capital Gains Tax and Inheritance Tax matters to be considered would be:-
In recent year changes to VAT legislation such as the interest and penalty regime have increased the burden on business, as this tax becomes ever more complex. 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 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.
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Red Dragon I.T. Ltd.