We will discuss the reasoning for our tax advice with you, so that you can plan and manage your future more cost effectively.
Corporation tax services
As a business owner, you have an extra responsibility. Legally, you are required to calculate your own Corporation Tax. That’s another regular demand on your time and more research on your part into “CTSA” – or “Corporation Tax Self-Assessment”.
This tax is carried out up to four times a year. Imagine how much you could achieve without having to worry about that! The authorities are clamping down on non-compliance now. They carry out investigations and issue penalties regularly, so it’s worth making sure that yours is accurate and up to date.
Just as we prepare your tax return properly and quickly, we can take on those quarterly Corporation Tax calculations for you, too. We can lessen your Corporate Tax exposure and deal with your paperwork, giving you more time to focus on what you do best. Not only that, though: we’ll help you to plan your Corporate Tax programme so that measurably more of your revenue stays in your business.
Personal tax services (including Sole Traders and Partnerships)
When it comes to capital gains, inheritance and income tax, we’re Leicester’s specialists.
Self-Assessment
As well as handling the paperwork and calculations, we can offer you practical advice on how you can save on tax in the future. The HMRC has increased the penalty for your submitting a late tax return and for including errors, so it makes sense to hand that headache over to the experts!
Personal tax planning
How do you know if you are making the most of the tax breaks and opportunities open to you without advice and support? You have a right to know where you stand. We will advise you and keep you up to date with your own affairs and personal taxation options all year round.
Estate planning
The UK’s complicated tax system makes planning to transfer an estate a highly skilled task. It’s never pleasant to think about death, but the earlier you and your loved ones make provisions for the inevitable the better for your family.
We provide a discreet, comprehensive estate planning service that includes:
- will writing and reviewing
- choosing exemptions and lower tax rates on lifetime transfers
- optimisation on lifetime transfers between relatives
- transferring agricultural or business property
- transferring assets into trust
- life assurance cover for potential inheritance tax liabilities
Trusts
A well-chosen trust can be a tax efficient way for you to protect assets and income for your beneficiaries. We can help you to select the right trust, set it up and manage its accounting.
VAT
The regulations surrounding VAT change regularly. Make sure that you keep up to date. Our VAT advice and service includes:
- registration, planning and administration help
- VAT control, reconciliation and completion of your returns
- Negotiation with HMRC and representation for you at VAT tribunals if necessary
- Advice and help to minimise future VAT problems with HMRC
Investigations and Enquiries
If you find yourself subjected to a tax investigation or enquiry by HMRC, we’re here to help. We can take care of any issues involving your tax return, your company’s affairs or employer-related investigations involving PAYE and P11d compliance.
Tax protection
You can protect yourself and your business from the costs of any future investigations and enquiries by taking out our annual insurance policy. HMRC is increasing the number of its enquiries and they always result in extra accountancy work. With our policy in place, you safeguard yourself from future large bills.