“Great service. I understand nothing about taxes and they make it all so straightforward leaving me free to run my business.”
Director. Window Cleaning Company. Gedling.
Maximise Your Tax Efficiency - Minimise Your Tax Bill.
Your annual self-assessment and tax return can feel overwhelming, even when you’ve filed before. It isn’t something you do every day; it might seem like there’s a lot of jargon flying around and confusing paperwork to complete. Whilst the HMRC helpline is there for support, you can be on hold for hours during peak periods. So, let’s take the stress out of taxation.
Our team are there to support you, reminding you of essential VAT reclaim and self-assessment tax return deadlines, helping you avoid a penalty for a late return. We'll ensure you optimise your tax relief benefits throughout the year, so you protect more of your profit – and ultimately, pay less tax.
Personal Tax & Self-assessment.
Most people think of self-assessment as a self-employed tax return. While this is true, there are many circumstances in which you must register.
Your taxable income may come from a variety of sources, such as savings, investments, or a property portfolio; earnings may come from trusts, settlements and estates. You might be a company director, a trustee, a minister or have lived or worked abroad. You might exceed the annual income threshold for a self-assessment tax return or have Capital Gains Tax to pay.
​Ensuring you keep more of your income by claiming against exemptions, such as mileage expenses; we’ll protect your wealth and profit margins, minimising tax on gains and maximising your tax relief.
You may be unaware of these, but they can save on tax, significantly.
Corporation Tax.
Also known as limited company or corporate tax, this directly taxes your annual profit at a considerable 19-25%, depending on your circumstances.
​​Limited companies don’t receive any tax-free allowance - all profits from trading, investments or the sale of assets are taxable. What's more, company directors are also taxed on their salary. So, let’s optimise your tax relief, maximise your tax efficiency and minimise your corporation tax as much as humanly possible.
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As limited company accountants, we’ll explain the most tax-efficient way to pay yourselves through tax-efficient dividends remuneration strategies.
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Our plain-speaking approach means you get practical, jargon-free tax advice, meaning you can deliver practical solutions to reduce your annual tax burden.
VAT Returns.
Your Value Added Tax return is complicated. It is the most heavily regulated and inspected of all taxes, it’s easy to slip up and be hit with stiff HMRC penalties.
VAT-registered businesses are now required to keep Making Tax Digital VAT records. You must submit your HMRC tax return using accounting software, reclaiming VAT and filing your liability monthly, quarterly or annually.
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Depending on your specific circumstances, when calculating your net VAT, we use a variety of relief measures, so you never end up paying more tax than you need to.
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As a long-term, VAT advisory partner, we’ll soon let you know if you could be saving thousands annually through early VAT registration, guiding you through your application process.
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We’ll take care of all the paperwork and liaise with HMRC, if needed, for stress-free VAT returns.
Tax investigations.
We understand that the words HMRC tax investigation is bound to strike fear into the heart of any business owner. (Even the super tough ones). No doubt, you’ll have tons of questions…
​​You need a simple, straightforward explanation so you know what to expect, and exactly what HMRC need, and when. Your clear response plan will reduce stress and get you back to business, asap.
​​Our specialist chartered professional accountants have 30 years’ experience managing HMRC investigations.
You’ll receive step-by-step guidance should you need to voluntarily notify HMRC of accidental tax evasion to avoid prosecution, make a disclosure payment to the tax amnesty or Offshore Disclosure Facility.
We're here, right beside you, throughout the entire process, providing peace of mind that your investigation has been completed correctly.
Fee Protection Insurance.
Although even the thought of an HMRC or Companies House investigation is enough to keep you up at night, they are not unusual. You may be randomly selected for a personal income tax or corporation tax investigation; in turn, this will undoubtedly lead to unforeseen accountancy costs that put additional strain on your business.
If you are selected, the last thing you need is to worry about the unexpected professional services invoice that will land on your desk at the end.
To protect our clients, we provide insurance cover for self-assessment, VAT, PAYE regulatory and compliance issues, giving you one less thing to worry about.
We’ll ask the right questions and personalise our accountancy solutions to the intricacies of your unique business – providing you with a highly accurate, competitive quotation.
FAQs
Tax can appear a little bewildering from time to time.
We understand - it isn’t always the easiest of things to get your head around. We’ve put together a few Frequently Asked Questions – We hope they help.
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If you have a question about something more specific, hop on a call drop us on line; we are always happy to chat.