Limited Companies file a Statutory Accounts (which details the Income and Expenses) and a related Corporation Tax Return (which details how much tax it has to pay for the same period) to HMRC. An additional filing is done with Companies House. Like any other tax, this lumpsum tax can be overbearing to business cashflow. Careful planning and up-to-date tax advice on projected outgoings helps mitigate any unexpected surprises.
This covers all aspects of personal taxation and is an annual filing that details an individual's annual income and related tax liability. This covers both Income tax and Capital Gains tax as well as the complex areas of domicility and tax residency, which can have a significant impact on an individual's tax position, especially those who have lived, worked or have assets overseas. We will help manage all aspects of personal taxation including matters related to investment property income, disposal of shares and properties, share trading income, dividends, PAYE, pensions , VCT & EIS relief .
VAT rules and regulations constantly evolve and can be a difficult and time consuming process for business owners to invest in. Non compliance in VAT matters is a serious issue and the changes towards MTD has only added a layer of complexity. We will help manage your VAT obligations efficiently and ensure your returns are filed on time and accurately thereby aim to eliminate any surcharges or penalties. We will help with: a) VAT registration b) Assessing the best VAT scheme to use c) VAT for cross border trade d) Preparing and filing VAT returns e) Any matters raised by HMRC and negotiating on your behalf
Ongoing Pro-active tax planning and advice will be provided to optimise your tax position . For Directors and shareholders of Limited Company, a dividend strategy will be carefully prepared and monitored with an aim to minimize the overall tax liability. Sole traders would be provided detailed advice on the best structure for their business, from a tax perspective. Every client will be advised on the routes available to enjoy additional tax relief to minimize their tax position.
