Personal Financial Planning
If you are a taxpayer you should always look to ensure that your assets and earnings are maintained in the most tax efficient manner.
We can provide year round advice on:
When self assessment was introduced its aim was to simplify the taxation regime for individuals, making it easier for them to produce and submit their own tax returns. In reality, many people find the returns more difficult to understand and are at risk of incurring penalties if they are not correct.
We can take this administrative burden off your shoulders by:
When corporation tax for companies was introduced the onus was placed on the business, rather than HM Revenue & Customs, to ensure it complied with the corporate tax regime. In reality, the majority of companies do not have the knowledge to do this and are at risk of incurring penalties if their returns are not correct.
We can take this administrative burden from the company by:
As with individuals, it is important to ensure that the company has taken advantage of all available reliefs and expenditure available to it.
Therefore, we also offer a corporate tax planning service, which may include:
If you are self employed and work in the construction trade then you can be registered as a CIS sub-contractor or CIS contractor if you use the work of other contractors.
We can offer the following services if you are going to be a sub-contractor:
Understanding the operation and calculation of your employees’ pay can often be a complex and confusing process especially with the introduced of Real Time Information (RTI) and Auto-enrolment pensions in the past 5 years. We can offer a payroll service that meets your needs.
Our service includes:
VAT legislation is highly detailed and can often be difficult to understand. As a result, some businesses can often come unstuck and over or under pay VAT.
In fact, many do not realise that every transaction a registered business makes will have a VAT consequence.
With the introduction of Making Tax Digital (MTD) by HMRC from 1st April 2019 onwards it is extremely important that businesses ensure that their accounting records are in the correct format to work with HM Revenue & Customs. Our team have a vast amount of knowledge on a range of different software’s that are compliant with MTD.
We can provide a service that includes: