Taxation Services

Business Tax is an interesting subject for all Business Owners.  The different Taxes are

  1. Corporation Tax for Limited Companies
  2. Self Assessment Tax on Individuals / Partners
  3. Capital Gains Tax on Individuals
  4. PAYE on Employees / Employers
  5. Dividend Tax on shareholders
  6. Inheritance Tax on Individuals
  7. Value Added Tax on sale of goods / services

You do not have to worry about the above as we deal with it as and when they happen and submit the relevant Tax returns to HMRC on your behalf.

The main approach will be to utilise all the Tax Allowances available for Sole Traders, Partnerships & Limited Companies.

Having understood your Business, we will use different strategies to Minimise Tax, thereby maximising on Profit Extraction from your Business.  

This could involve different combinations of

  • Salary
  • Pension
  • Mileage & Susbsistence Allowances
  • Dividends
  • Use of Home as Office
  • Annual Investment Allowances
  • Capital Allowances
  • Capital Allowances on Fixed Plant & Machinery
  • Flat rate VAT Scheme
  • Interest Relief on Personal Borrowings

For Sole Traders & Partnerships

  • Register with HMRC for Payroll, VAT, Self assessment
  • Payroll for staff and submit RTI with HMRC on a monthly basis
  • VAT returns online on a quarterly or annual basis
  • VAT flat rate scheme
  • Prepare year end accounts
  • Prepare and submit Partnership tax returns, Self Assessment tax returns
  • Rental accounts, if any
  • Any other business/ tax adviceoffice-515984_1280

For Limited Companies

  • Register Director for Self Assessment with HMRC
  • Payroll for Directors & staff on a monthly basis
  • VAT returns online on a quarterly or annual basis
  • VAT flat rate scheme
  • Prepare year end accounts and submit accounts to HMRC & Co house
  • Submit annual returns to Companies House
  • Prepare Corporation tax return and submit to HMRC as iXbrl file
  • Prepare Self assessment tax return for Directors
  • Advise on profit extraction via salary, dividends, pensions etc
  • Any other business/tax advice