Without proper tax planning in place you may end up paying higher taxes. Our dedicated and experienced tax specialist team will provide you all the options available and discuss with you how to minimize your tax liability.
Capital Gains Tax:
Capital Gains Tax is the tax on the gains of your disposal of assets. This may range from residential properties to commercial assets. This is a complex and specialist area. You can consult with us in advance before disposing of your assets and find out the options available to minimize the Capital Gains Tax.
CGT rates under the Finance Bill/Act 2016 is 18% and 28% relating to disposal of residential properties and 10% and 20% on gains other than residential properties.
Inheritance Tax:
Inheritance Tax is the most complex area of all taxes. Inheritance tax is paid on transfer of assets or on deceased’s properties. You can avoid IHT by proper planning ahead. For example; you have few residential properties and you want to gift a house to your son. You can avoid Inheritance Tax by gifting it now and if you live 7 years there is no IHT to pay. This is called Potentially Exempt Transfer.
Our specialist team can help you with all your Inheritance Tax Planning, Calculation and submitting to HM Revenue & Customs. Current IHT rate is 40%.
We provide an efficient cost effective VAT service, which includes:
Bookkeeping may take up most of your valuable time and resources. That’s something we can do for you, either at your office or at ours.
We begin by discussing your specific requirements with you and then we set up appropriate accounting procedures and controls and ensure your accounts are kept fully up-to-date and in compliance with statutory regulations. We have specialist expertise on computerized bookkeeping where we shall use sage, VT+ etc.
But we don’t stop there. We can also provide you with regular management accounts to keep you informed on essential areas such as:
Contact Us today to discuss how we can help you keep your books in good order.
We offer a completely confidential and cost-effective service that includes:
Contact Us today to discuss how we can help you save you time and money with your payroll administration.
Self assessments can be a time consuming and often confusing business for busy individuals. And judging by the hundreds of thousands of taxpayers who are penalized by HMRC each year it can also be very costly if:
We aim to spare you all these headaches and free up your valuable time by offering a comprehensive Individual Self Assessment service, including:
We prepare annual accounts for sole traders, partnerships, LLPs and Limited Companies. Once the annual accounts are prepared we will complete Self Assessments and Corporation Tax Returns CT600 for limited companies and then submit to HMRC. Also we will submit abbreviated accounts to Companies House on your behalf. Our accounts production team are up to date with recent Financial Reporting Standards and UK GAAP.
You want to start a business because you are an entrepreneur with a great idea and the vision to realize it.
And we’re here to help you do just that.
We want you to focus on what you do best – building your business – while we provide all the necessary background support.
Here are just a few of the ways we can help you get started:
Contact Us today to discuss how we can help you get your business up and running.