Tax Advisory
Our tax advisory services remove the stress of dealing with an increasingly complex tax system. We will ensure that you understand your individual and corporate responsibilities and have complete peace of mind that the filing deadlines will be met. Our tax expertise will also ensure that you don’t pay more tax than you have to by making the most of all the available tax allowances and benefit structures.
We specialise in Tax for Creatives and have a tax for Charities specialist on team. We are here to advise on many aspects of tax including
Capital Gains Tax Advice
When you sell something that’s gone up in value, you might find yourself subject to capital gains tax, commonly known as CGT and where a Capital Gains Tax Accountant could help you. Property is one area where CGT can hit especially hard. Selling or handing on a business is another.
As part of our tax planning service, we can advise on heading off surprise tax bills and minimising your tax liability. That might mean claiming allowances, deducting allowable expenses, claiming tax reliefs, establishing sensible ownership structures, or some combination of the above.
We’ll suggest ways in which you and your partner or spouse can maximise available allowances. And we’ll take into account how CGT overlaps with other taxes and associated reliefs, such as lettings relief, entrepreneurs’ relief and investors’ relief on shares.
Inheritance Tax
IHT will invariably cut across your personal and business finances. When thinking about succession planning in particular, the ways in which inheritance tax and CGT interact means this always requires serious thought. There are also specific rules around CGT that apply to those who are non-residents for tax purposes and for assets held in trusts.
Corporate Tax advice
We provide strategic corporate financial advice whatever stage your business is at, including business valuations, mergers, acquisitions and disposals and exit strategies and succession planning.
Personal tax planning
As HMRC continues to put more focus on taxpayers’ individual responsibilities, everyone who is subject to taxation needs professional advice and support if they are to optimise their tax position. We can provide you with year-round tax advice on income tax, Capital Gains, Inheritance Tax, trust and estate issues, and Non-Domiciliary tax issues.
We will help you take full advantage of the tax saving opportunities open to you in the form of a personal tax planning review.
Tax Health Check
We pro-actively invite our clients to allow us to undergo “Health Checks” (covering a range of areas including, Employer Compliance, VAT, and Capital Taxes exposures) to help ensure that you are not likely to suffer a nasty, if not very nasty, surprise when selected for review by HMRC.
Tax Investigations
HMRC carry out regular checks on how your business is accounting for all the areas of tax. Enquiries are often generated by items in taxpayers’ returns, by considerable information sources the HMRC now have and do not be surprised if we find some tax-saving opportunities along the way.
When these checks are prompted, we will deal directly with HMRC on your behalf and do all we can to make the process as painless as possible for you. It is vital to be led by specialist advice and guidance when dealing with the HMRC.
Tax Management
In a predominantly corporate-structured world, our advisers are highly experienced in Corporation Tax Management to protect your business from tax leakage. As a consequence of the way that business tax rules have developed over a sustained period of years now, an increasingly large proportion of “SME” businesses are now structured as limited companies.
The limited company might have become something of an expectation, in this context, but be assured we would never allow complacency to point you towards one choice where a potentially more suitable ownership vehicle might apply in your specific circumstances.
Limited companies are also being adopted and used more and more extensively as vehicles for investment, for asset protection, and for estate management purposes, including use as quasi trusts. Our considerable knowledge, experience, and confidence in the area of Corporate Tax is essential to help many of our clients to manage their taxation affairs.
Contact us to find out more about our Tax Advisory services. A Schedule of our Services and Fees is available upon request.