Taxation

As tax advisers based in Bishops Stortford, Hertfordshire, our objective is to work closely with you to ensure you pay the minimum tax required by law. We will help you to understand the tax implications of your actions, in order that you can plan ahead and conduct your affairs in a tax efficient way.

Corporation Tax Services

Under Corporation Tax Self Assessment (CTSA), the legal responsibility for correctly calculating the corporation tax liability falls on business owners. We understand the issues facing owner-managed businesses and can prepare tax returns in a timely and efficient manner. We will also calculate your company's tax liability and assist with the calculation of any instalment payments due.

Increased reporting obligations, investigation policies and harsher penalties for non-compliance mean that your time and resources can be taken up with tax administration. We will help to minimise corporate tax exposure and relieve the administrative burden of compliance with current tax legislation. Effective corporate tax planning can also result in significant improvements in your bottom line.

Personal Tax Services (including sole-traders and partnerships)

We are specialists in income tax, capital gains tax and inheritance tax.

Self Assessment

We have the expertise and software to take the headache out of the form filling and compliance aspect of Self Assessment. We can provide you with practical advice on personal tax and the planning opportunities available to you. Over recent years, HMRC have increased the penalties for failing to file a return on time and for any errors that have been made. We can complete tax returns, calculate any tax liability and advise you on exactly how much to pay and when to pay it.

Personal Tax Planning

Everyone who is subject to taxation needs professional advice and support if they are to optimise their tax position and ensure that they meet the compliance requirements. Our specialist tax team can provide you with year-round advice on all aspects of personal taxation.

Estate Planning

Few of us like to think about dying; however, the relevant legislation requires us to plan well in advance. This means making the necessary provisions now. There are many tax opportunities available and the earlier that arrangements are made the greater the chance of taking full advantage of our complicated tax system.

It is important, when planning to transfer an estate, that adequate provision is made and getting the right balance requires considerable skill and foresight, along with a detailed knowledge of the current tax regime. We provide a discreet and comprehensive estate planning service that includes:

  • Help with planning future income and pensions for family members
  • Making full use of exemptions and lower tax rates on lifetime transfers
  • Transferring agricultural or business property
  • Transferring assets into trust
  • Discussing options available to reduce potential inheritance tax liabilities

Trusts

We also have expertise in dealing with trusts; a very tax efficient way to set aside assets for future beneficiaries outside the inheritance tax net. We can advise on the most suitable type of trust to fulfil your wishes, assist in setting up the trust and provide the full range of accounting services required for trust management.

VAT

Ever changing regulations and the growing demands of HMRC mean VAT compliance can be a difficult administrative process. We can help to ensure that you comply with the regulations and that overpayments are avoided. To help you manage this complex area, we provide an efficient, cost-effective VAT service, which includes:

  • Assistance with VAT registration
  • Advice on VAT planning and administration
  • Use of the most appropriate scheme
  • VAT control and reconciliation
  • Help with completing VAT returns
  • Planning to minimise future problems with HMRC
  • Negotiating with HMRC in disputes or inspections

HMRC Investigations and Enquiries

Being the subject of a tax investigation or enquiry by HMRC can be a stressful and worrying experience. We have a wealth of experience in dealing with HMRC investigations, whether they are enquiries into an individual’s Tax Return, more detailed enquiries into a company’s affairs, or employer-related investigations into PAYE and P11d compliance. If either you, or your company, are the subject of an investigation, we can provide expert help and support.

Require more information?

If you would like more information or would like to speak to us direct then call us on 01279 508002. Or if you would prefer, ask us a question online.