Financial and Taxation

Self Assessment, Corporation Tax, Partnership Tax, VAT

As tax advisers, 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 quarterly instalment payments due.

The increased reporting obligations, investigation policies on the part of the tax authorities 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.

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 not made. To help you manage this complex area, we provide an efficient, cost-effective VAT service, which includes:

  • Assistance with online VAT registration and Making Tax Digital
  • Advice on VAT planning and administration
  • Use of the most appropriate scheme for your business
  • VAT control and reconciliation
  • Help with completing and filing VAT returns
  • Planning to minimise future problems with HMRC
  • Assistance with specialist area VAT i.e. TOMS
  • Negotiating with HMRC in disputes and representing you at VAT tribunals if necessary.

Personal tax services (including sole-traders and partnerships)

Because we establish a one-to-one relationship with each client we are able to offer timely, individual advice on how to improve your business or personal finances.

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 errors. We can complete tax returns, calculate any tax liability and advise you on exactly when to make payments and how much to pay.

Personal tax planning

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

  • Income tax
  • Capital Gains tax (CGT)
  • Inheritance tax (IHT)
  • Non-domiciliary taxes
  • completion and filing of relevant tax returns
  • advice on tax payments and key tax deadlines

We can also help you consider:

  • how best to handle benefits such as company cars and accommodation
  • whether directors should be paid by salary or dividend
  • How to optimise your tax position when living or working abroad

Every pound of income tax you save means more income at your disposal, every well planned disposal of assets means minimal loss of capital gains, and every inheritance tax saving means more benefit for your beneficiaries.

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 you are the subject of an investigation, we can provide you with expert help and support.

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© 2019 Beltons Public Accountants Limited. All rights reserved. Beltons is the trading name of Beltons Public Accountants Limited.
Registered in England and Wales 05083306 - VAT Number 684 8966 59.

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