Whether you are a Sole Trader, Partnership, Charity or Limited Company we can help you with all aspects of your Tax affairs. When it comes to Tax we know it can be complicated and difficult to remember specific details; but that is what we are here for.
All limited companies are subject to Corporation Tax. This tax is charged as a percentage of the annual profits made by a company.
We can calculate and prepare Corporation Tax Returns and file them on your behalf as well as helping you to plan a tax efficient approach to every aspect of your business,
Self Assessment Income Tax
Income tax is tax on your earnings; once your earnings go above your personal allowance you must pay tax. If you receive income from any of the sources listed below you may need to file a self-assessment tax return;
Income from employment
Income from pensions
Interest on savings
Income from a trust
If you can provide us with the relevant information we can calculate, prepare
and file your Self Assessment Tax Returns. We will also let you know how much
needs to be paid to HMRC and when the payment deadline is.
Capital Gains Tax
Capital Gains Tax is tax on the profit when you sell an asset that has increased
in value; this is most commonly seen on the sale of a property, land or
investments. It is sometimes overlooked but advance tax planning can help minimise tax liabilities arising. When gifting assets to relatives, or other beneficiaries for Nil value Capital Gains Tax can still apply; catching some people out.
If you are thinking of selling an asset we can advise you on how Capital Gains Tax may effect you; we can also calculate and submit our workings to HMRC.
Inheritance Tax is a tax on the estate of someone who has died, including all property, possessions and money; it should normally be paid within six months after the person’s death. If the tax is not paid within this time frame; HMRC will start charging interest.
We can calculate your inheritance tax and prepare and submit a tax return on your behalf.