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Taxation Services

 

We always take the time to listen to our clients to establish their needs.  You can be confident that the burden of tax issues will be taken from you.  We will handle your Self Assessment returns through to, where appropriate, dealing with HM Revenue and Customs on your behalf.

We will ensure that you optimise your company and/or your individual tax position whilst ensuring compliance with legal requirements.

 

Capital Gains


Capital Gains Tax is a tax on capital ‘gains’.  If when you sell a chargeable asset which has increased in value since purchase, such as your second home, you may be taxable on the ‘gain’ (profit). 
We can advise on any relief that may be available and of the possible Capital Gains Tax charges that may arise.  We will always give our best counsel on beneficial ways of reducing any potential tax liabilities within the legal framework.

 

Corporation Tax


Corporation Tax will be charged on your company’s annual profit.  It is currently payable 9 months after the company’s financial year end.
We can assist you in calculating your company’s Corporation Tax liability and prepare the appropriate tax returns.

 

VAT

 

It is a requirement for VAT Registration if your business has a turnover above the current VAT threshold of £70,000 (from 1 April 2010).  However, many businesses also choose to VAT Register under this threshold.
From the 1 April 2010 it is now a requirement to file your VAT return electronically and we can assist in this.  We can prepare your monthly or quarterly VAT returns and provide the necessary book keeping services to calculate your liability.

 

Personal Tax


We can prepare your annual Self Assessment tax return and calculate any income tax and national insurance liability.  The deadline to file your self assessment tax return online is 31 January following the end of the tax year.
If you have property income we will prepare for you a rental profit and loss summary and complete the supplementary pages on your tax return.

 

 

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