Taxation

Each year the Government implements tax changes which affect both business and private taxpayers. Almost all financial business decisions must take account of the tax consequences. We have a separate tax department to advise on a range of tax matters, including personal Income Tax, Capital Taxes, Lloyds Underwriters and Inland Revenue investigations.

Corporation Tax

We are able to review each company’s tax position before its financial year end and advise on replacement of fixed assets, directors’ remuneration, pension planning and dividend policy.

VAT

There can be punitive penalties for late submission of VAT return and payments, even for innocent mistakes. We can provide a facility for preparing and submitting returns to minimise this risk.

PAYE

We have a separate department which can provide a payroll service for clients, high-lighting danger areas such as casual labour, directors’ loans and P11D compliance.

Capital Taxes

Recent changes have meant that accounting for Capital Gains Tax has become more complex for investors. We can advise in this regard or work with your specialist advisers to provide the most tax-efficient investment strategy. To minimise exposure to Inheritance Tax, early and careful planning is still required in order to prevent substantial amounts of family wealth passing to the Inland Revenue.

Contact Bruce Elrick if you require further information.