Services
Self Assessment
Personal tax services are available both for business owners and private individuals including…
- All aspects of Self Assessment
- Dealing with Tax Returns
- Tax enquiries
- Computation of liabilities
- Tax disputes
- Correspondence with HMRC
We can prepare accounts to help in completion of self-assessment tax returns
Accounts are prepared to agreed timescales and deadlines.
But we can do more than just report the history of what’s already happened…
- Identify areas where we can assist in minimising your tax liability
- Identify areas of the business that give you the most opportunity to make improvements
- Use the accounts to help you measure where you are in meeting your goals and what actions you need to take
We take the time to explain your accounts to you so that you understand what is going on financially within your business, helping you to plan for the future.
Property Services
Are you a buy-to-let investor, property dealer or developer?
We work with a range of property professionals including buy-to-let landlords, property investors, developers, and housing associations.
Whether you let out a single property, are a professional buy-to-let landlord or simply a individual renting your home, we can help.
Our years of experience serving landlord and property rental businesses allow us to design solutions that are sure to suit your accounting and taxation affairs.
Property tax can be complicated and we can advise you on issues such as…
- Tax reduction strategies for rental income
- What is a repair and tax deductible and what is capital and not
- When to use a Limited Company to save tax
- Trading income versus Capital Gain considerations and advice
- Capital Gains rollover and holdover considerations
- Stamp duty planning
- Tax efficient mortgage structures
- VAT considerations of property deals
- Making the most of the Principal Private Residence election
- Tax issues on the sale of part of your residence
- Second homes
- Inheritance Tax angles
Tax Investigations
Tax Investigations
Need help managing the Taxman?
It is an unfortunate fact of business life that you may well be the subject of an enquiry by HMRC, through no fault of your own or of your accountant. HMRC investigates businesses at random, as well as for specific reasons. A full investigation is not a pleasant experience for anyone.
We are here to help.
If you are selected at random, you need an accountant who knows how HMRC works and is prepared to fight your case. We will talk you through the enquiry process and what to expect, and will 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 unpaid tax, there may be additional 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 minimise these penalties.
Anti-investigation Scanning Checks
Whilst with random investigations anyone can come under enquiry, you can help to avoid the chance of an investigation into your affairs for other reasons. We know the triggers that often give rise to enquiries if not fully explained to HMRC when submitting Returns to them.
Every Tax Return or set of accounts we submit to the HMRC goes through an anti-investigation scanning check to identify any areas that may lead to an enquiry before they are submitted without explanation. This really does help to minimise the chances of you being on the wrong end of an enquiry.
Worried about the accountancy fees of a tax investigation?
With the ever increasing risks of full tax enquiries and investigations, it’s worth considering protecting yourself from the accountancy costs involved in preparing your case, as the amount of work involved is often substantial.
You can get cover for the following…
Self-assessment enquiries
VAT enquiries
PAYE and benefits enquiries
IR35 enquiries
Even if HMRC finds nothing as a result of any investigation, you will still have unexpected professional fees to pay as a result.
We cannot prevent you from being investigated by the HMRC, but we can help to ensure that you get the best possible support and advice without having to worry about the cost.
Payroll Services
Everything seemed fine running your own business until the day you took on your first employee and became an unpaid tax collector.
This is when you found out what red tape was all about.
Let us take the strain away from you and let you get on with running and growing the business. Payroll is complicated and has to be done on time, and you as the employer are responsible for the mistakes.
We run payrolls on time and can provide a tailor made service for your business including…
- Employee payslips
- Monthly summaries
- Departmental reports
- Dealing with leavers and starters
- Provision of analysis of staff costs
- Real Time Information (RTI) PAYE returns for the Revenue
- Assistance with automated payment set-up to your employees
- CIS returns completed by us
You will never have to worry about calculating statutory sick pay or maternity pay and dealing with student loan deductions ever again!
And at year end…
- Employee summary P60s
- P11D and P9D benefit and expenses returns
And the related tax planning advice…
Beyond the payroll compliance service, we offer comprehensive advice on all employment tax issues including…
- Tax efficient remuneration strategies
- Planning for retirement
- Termination payments
- Inducement payments
- Company car and van strategies
- Benefits planning
Limited Company Services
We can assist you with company formations for…
- An off-the-shelf ready made company
- A tailor made company
- Limited Liability Partnership
- PLC formation
- Offshore companies in low tax jurisdictions
For urgent requests we can also arrange same day formations.
To check the availability of a Limited Company name, you can use the Companies House Information Service. Type in the name you want, select the option for “Company Name Availability Search” and see if it comes up in the list.
Our Company formation packages can include…
- Advice on the pros and cons of incorporation in your own situation
- Appointment of directors
- Appointment of company secretary
- Issue of subscriber shares
- Registered office services
- Completion of all necessary minutes and resolutions
- Assistance in opening a bank account
- Tax review with regard to company formation – forming the company yourself and getting this wrong can be very costly!
- VAT registration
- Company registration for Corporation Tax
- Set up of Company PAYE scheme
- Book-keeping set-up advice
- Business plans
- Assistance with raising finance
We can produce financial statements to file at Companies House and abridged accounts to ensure the minimum amount of your financial information is made public.
Accounts are prepared to agreed timescales and deadlines.
But we can do more than just report the history of what’s already happened…
How we can help
- Identify areas where we can assist in minimising your tax liability
- Identify areas of the business that give you the most opportunity to make improvements
- Use the accounts to help you measure where you are in meeting your goals and what actions you need to take
We take the time to explain your accounts to you so that you understand what is going on financially within your business, helping you to plan for the future.
Self Employed
Need help with your Tax Return or want to pay less tax?
Personal tax services are available both for business owners and private individuals including…
- All aspects of Self Assessment
- Dealing with Tax Returns
- Tax enquiries
- Computation of liabilities
- Tax disputes
- Correspondence with HMRC
We can prepare accounts to help in completion of self-assessment tax returns
Accounts are prepared to agreed timescales and deadlines.
But we can do more than just report the history of what’s already happened…
- Identify areas where we can assist in minimising your tax liability
- Identify areas of the business that give you the most opportunity to make improvements
- Use the accounts to help you measure where you are in meeting your goals and what actions you need to take
We take the time to explain your accounts to you so that you understand what is going on financially within your business, helping you to plan for the future.
Charities, Clubs & Societies
Contractors / CIS Rebates
CIS Rebate Eligibility
Contractors must register for the HMRC CIS scheme. Subcontractors do not have to register, but deductions are taken from their payments at a higher rate if they’re not registered.
Experienced
Our team are highly qualified and experienced to handle your claim very professionally and quickly. We offer a high quality service, you will get the best possible support and advice.
Pay tax and claim back deductions
When you’re registered with the Construction Industry Scheme (CIS), you’re still responsible for paying the correct tax and National Insurance for your business, even if deductions have been made by contractors throughout the year.
Contractors will give you a monthly statement of what they’ve paid you and deductions they’ve made to help with your accounting.
Sole traders and partners
At the end of the tax year, send in your Self Assessment tax return as usual. You should record:
the full amounts on your invoices as income
any deductions contractors have made in the ‘CIS deductions’ field
HM Revenue and Customs (HMRC) will work out your tax and National Insurance bill and take off any deductions made by contractors.
If you still owe tax after this, you’ll need to pay it by 31 January following the end of the tax year.
If you’re due a tax refund, HMRC will pay the money back.
Limited companies
If you have gross payment status, declare all your income in your Corporation Tax return as usual.
If you pay CIS deductions, you must claim these back through your company’s monthly payroll scheme. Do not try to claim back through your Corporation Tax return – you may get a penalty if you do.
Professional Accounting for Limited Companies, Property Businesses & Self-Employed
Personalized Financial Solutions
We can provide the best solutions by tailoring strategies that align with an individual’s or business’s unique financial goals.
Our Clients
Sole Traders
Partnerships
Limited Companies
Property Businesses
Charities, Clubs and Societies
Trusted by Industry-Leading Organizations
