TAX & VAT

COVERING THE BASICS

Exactly how much tax does my business owe, when do I need to pay it and how?

From filing company tax returns, partnership self-assessments and VAT returns, to personal tax for directors, partners and sole traders, we’ll ensure that everything is declared correctly and on time, as well as highlighting future tax opportunities.

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Whilst annual tax returns and self-assessments are basic compliance, for us they’re also the starting point to reviewing other ways in which you could save tax.

Calvin Healy

DIRECTOR

HOW WE CAN HELP

Whether you are a limited company, partnership, LLP or sole trader, you’ll have specific tax obligations with which you need to be compliant.

In addition, if your turnover or earnings exceed £85,000, you will also need to register and submit quarterly VAT returns.

The trouble is that with all the different tax rates, allowances and reliefs, these calculations can be complicated and there are hefty penalties if you get things wrong or miss a deadline.

Our tax team has vast experience in this area and can ensure your business is fulfilling its tax obligations, as well as reviewing ways to minimise your Corporation Tax bill in the future and providing specialist tax advice, if needed.

We will also keep in touch with your team throughout the year to update you on relevant tax changes that we can help you plan ahead for.

LIMITED COMPANIES

LIMITED COMPANIES

We can manage all aspects of your tax compliance; from preparing and filing your company tax return with HMRC, to looking after your VAT reporting and your directors’ Self-Assessment tax returns. We can also review your business tax position each year and make recommendations, including how to remunerate your directors more tax efficiently, looking at whether the business qualifies for Capital Allowances, R&D or Business Rates tax relief and other specialist tax advice.

PARTNERSHIPS & LLPs

PARTNERSHIPS & LLPs

From preparing and filing your partnership tax return, to assisting the partners with their personal Self-Assessment tax returns and calculating NIC and Income Tax payments, we can oversee all aspects of your tax compliance. If your partnership or LLP is registered for VAT, we can also manage your quarterly VAT returns, as well as preparing and reviewing your annual profit and loss account, along with any other specialist tax advice you need.

SOLE TRADERS

SOLE TRADERS

If you are a sole trader we can prepare your profit and loss account and file your Self-Assessment tax return, along with managing your VAT reporting, if needed. By knowing exactly how much tax you need to pay in advance, you can plan your cash flow throughout the year. We can also review your business tax position annually to help improve your tax efficiency and provide specialist advice, as needed. Please call us or fill out the contact form below to find out more.

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