INTRODUCTION
We work with our clients to deliver cost-effective tax compliance and planning services across all areas of tax, from basic personal and company tax and VAT returns through to advising on complex company reconstructions and exit strategies. We have developed a small network of trusted partners we work with to advise on other areas such as specialist VAT planning, Capital Allowance planning, legal services and pensions and investment advice-this ensures leading edge advice to you delivered in a coordinated way.
TAX COMPLIANCE
The steady reduction in compliance timetables and corresponding increases in penalties for submitting late returns place an increasing burden on individuals and businesses. We understand the issues and pressures facing you, and offer a technology-based compliance service geared to ensuring that we get it right-first time, and on time.
We deal with all aspects of initial registration with the tax authorities, whether as a new or growing business or as a new taxpayer. That registration then drives the quarterly (VAT) or annual (personal or corporate) tax return process. We link the tax return process with our payroll bureau function where applicable so that we can transfer as much information as possible between the two without relying on a paper trail which may not be the most reliable! We try to keep to an absolute minimum the amount of time we have to spend with you on pure tax administration, leaving you free to concentrate on the important things.
Finally we deal with closing the tax affairs of deceased individuals-Inheritance Tax (IHT) returns and Income Tax returns to the date of death, where again we look to minimize the burden on the administrators of the estate.
TAX PLANNING
The objective of any tax planning strategy is to pay the minimum amount of tax required by law-the clever part is making sure that the tax savings are not taken up with adviser fees, that the strategy is consistent with your wider personal and commercial objectives, and that any planning undertaken will not incur the wrath of the tax authorities at home or abroad. We have over 50 years of combined experience in this area, both within the Inland Revenue and in professional practice-we know what works, what doesn't work and what steps can be taken to ensure that you save tax and sleep at night.
For individuals we provide a comprehensive tax planning service using outside partners where appropriate to minimize personal tax liabilities whether on earned or investment income or on capital gains. We advise on IHT exposure and mitigation strategies-tax efficient wills, maximizing business property and other reliefs, lifetime transfers and using trusts. We also work closely with you in planning for major capital gains liabilities on sale of a business or shareholding or other asset at home or abroad-it is important to get the structure correct well in advance of a disposal if liabilities are to be reduced using the reliefs and other planning opportunities that are available.
In the company context we specialize in advising privately held companies of all sizes and across all sectors. We appreciate that in this world the individual and the company are inseparable and we look to develop long term relationships with our clients so that our advice is responsive, effective and appropriate for both the individual and the company. Over the last few years we have helped our clients buy and sell businesses and companies, structure acquisitions of commercial property, restructure groups of companies to ensure assets are in the right place with the right people, to pass businesses and companies down to the next generation, and finally to secure a profitable and low tax-cost exit.
As we said earlier we deliver a cost-effective service-we agree fees with you up front in any major transaction and we take responsibility for coordinating any work undertaken by our specialist partners. You will have one point of contact within the firm for all of the work we undertake for you so that any concerns or queries you have can be dealt with by someone who knows what is going on from day to day.
OTHER TAX SERVICES
We have extensive experience of dealing with HMRC in tax enquiries ranging from simple queries on tax and PAYE returns through to full enquiries into accounts and personal assets. These can be very time consuming and stressful but we can guide you through the whole process leading to a successful outcome.
We also undertake business and share valuations where these are required for capital gains or IHT purposes.
For an initial discussion about our tax services and how we can help you, call or e:mail Mike Newton, Director of Tax , on 0161 368 6427, This e-mail address is being protected from spambots. You need JavaScript enabled to view it