Tax-Returns
Personal and Company Tax Returns
Self Assessment Tax Returns
Self Assessment can be a complex administrative burden for many people. To avoid penalties, it's important that:
- Returns are correctly completed.
- They are filed on time.
- All backup records are retained for the appropriate period of time.
The enquiry powers and penalty regimes of HM Revenue & Customs are increasing all the time and expert advice and assistance is now crucial.
As well as completing your Self Assessment Tax Return, we can provide you with advice on your tax position and the planning opportunities available to you.
We will complete all necessary tax computations, the tax returns, calculate your tax liability and advise you on when and how much tax you need to pay.
We will correspond on your behalf with the revenue taking the worry away from you.
Tax Planning
Whilst completion of tax returns and statutory tax obligations are important jobs, all accountants should be capable of completing them. We try to do more than just this and are more interested in maximizing your tax planning opportunities.
We all have to pay our taxes but within the legal framework there are numerous ways of saving tax and making sure you do not pay a penny more than is absolutely necessary. We have extensive experience in this area of work and always fight as hard as we can for our clients.
Tax Investigation Fee Insurance
HM Revenue and Customs have powers to investigate income tax and corporation tax payers at random, and the number of these investigations is expected to increase dramatically over future years.
With the increased risk of full tax enquiries and investigations it's worth considering protecting yourself from the accountancy costs of dealing with it as the amount of work involved can often be substantial.
If you are a self-assessment tax payer, VAT registered, or if you are responsible for employees' PAYE and P11D's then you could be subject to a random investigation. Even if HMRC finds nothing as a result of the investigation, you will still have unexpected professional fees to pay as a result.
We cannot prevent you from being investigated by HMRC, but we can help to ensure that you get the best possible support and advice without having to worry about the cost.
Tax Enquires and Investigations
It is an unfortunate fact of business life that you may well come under enquiry by the HM Revenue and Customs through no fault of your own or of your accountant. HMRC now investigates businesses at random as well as for specific reasons. A full investigation is not a pleasant experience for anyone. Without expert defence it is possible to get trampled all over.
If you are selected at random, you need an accountant who knows how HMRC works and thinks and is prepared to fight your case. We make sure that the Revenue keep to their own internal guidelines and don't step over the mark. We will talk you through the enquiry process and what to expect and support you throughout.
The Penalties
There are various penalties HMRC can seek to impose following an enquiry for undeclared income. As well as having to pay the tax, you can find them seeking penalties up to an amount equal to the tax, so doubling your tax bill. Interest on the late payment of the tax is also part of the arrangement - not a pleasant experience. We can help you minimize these penalties.
Corporation Tax Self Assessment
Self Assessment can be a complex administrative burden for many companies. To avoid penalties, it's important that...
- Returns are correctly completed.
- They are filed on time.
- All backup records are retained for the appropriate period of time.
The enquiry powers and penalty regimes of HMRC are increasing all the time and expert advice and assistance is now crucial.
As well as completing your corporation tax return, we can provide you with advice on your tax position and the planning opportunities available to you including advice on tax efficient profit extraction strategies for owner managers.
We will complete all necessary tax computations, the tax return, calculate your corporation tax liability and advise you on when and how much tax you need to pay. If you are a large enough business we will also advise on any quarterly instalment payments.
We will correspond on your behalf with the revenue taking the worry away from you.