Business Taxation Advice

HMRC Investigations

Dealing with an investigation or request for clarification by the Inland Revenue can be a stressful time. The investigation of any nature by the Revenue usually could take 18 months to complete and is very stressful on yourself and the close family.

We shall be assisting you to deal with the enquiry and deal with the queries and questions raised by the Revenue and to try to ensure the process is as less stressful as possible. Our role shall be to act as your agent with the Revenue and try to resolve the issues arisen as soon as possible. Your cooperation is very critical in dealing with the speedy conclusion of the investigation. We have a very good track record of resolving investigations and ensuring the enquiry is settled as soon as possible with minimum stress to all concerned.

 

Tax Planning

Corporation tax represents a substantial part of your trading costs. Moreover, the increased reporting obligations, robust investigation policies on the part of the tax authorities, and harsher penalties for non-compliance mean that an undue amount of your time and resources can be taken up collecting revenue for the Government.

We offer a range of services to help you minimise your corporate tax exposure and relieve you of the administrative burden of complying with tax legislation. These include:

  • Determining the most tax effective structure for your business
  • Taking full advantage of tax opportunities and reliefs
  • Achieving the optimum capital or revenue tax treatment
  • Reducing tax on disposals and maximising relief on acquisitions
  • Making the most of tax opportunities specific to your industry
  • Meeting the rigorous demands of compliance including corporation tax self assessment
  • Acting on your behalf in discussions with the tax authorities

Efficient corporate tax planning can result in potentially significant improvements in your bottom lin


 

Capital Gains

Capital Gains Tax (CGT) is the tax payable when you sell, or ‘dispose of’ an asset that has increased in value while you owned it. The asset could be an investment, like shares in a company, or it could be a physical possession like a piece of land or a work of art. Some gifts, such as those given to children, count as disposals for CGT purposes.

CGT doesn’t affect many people. However, if you are liable for CGT, it can have a major impact on your wealth. That’s why it’s important to plan ahead and get professional advice, so you don’t end up paying more than you need to.

We have plenty of experience helping clients minimise their CGT liability. Our technical experts make sure we are always up to speed on the ins and outs of CGT, which can be complicated.

 

Inheritance Tax

Inheritance Tax is the one tax that individuals can plan for, but one that they will not be liable for.

Effective IHT planning can help to protect your wealth and minimise the tax liability due on your estate. Taking into account your current situation and your anticipated future needs we can help to create a plan to provide reassurance to you and to those who are important to you.

Our team of specialists have experience using of a range of techniques and vehicles to assist with IHT planning. We can also liaise with your other professional advisors to ensure that your IHT strategy meets your wishes.

 

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