Taxation
With tax we need to be compliant and meet our obligations all while paying as little as possible…..
It is therefore important to plan ahead, get the right advice and why tax planning is an integral part of our service. Here are a few of the areas we deal with:
Tax Planning
The way you structure your business and personal affairs impacts the amount of tax you pay.
We will make sure we optimise the use of capital allowances, losses, personal allowances, salary and dividends as an integral and ongoing part of our work so you can be certain your tax liability is minimised.
Tax Compliance
Getting your tax right and meeting your obligations is so important with penalties growing and HMRC cracking down.
We will therefore ensure your tax affairs are legal, accurate and deadlines met.
Income Tax and Self Assessment
Whether you need a tax return, repayment claim or tax planning advice regarding income and reliefs we can help.
All self assessment tax returns will be reviewed if not prepared by a chartered tax adviser and we ensure you receive any allowances you may be entitled to, such as marriage, trading, property or dividend allowances so no tax saving opportunities are missed.
Capital Gains Tax
If you sell any valuable items you may be subject to capital gains tax. This can involve quite complex calculations and other considerations.
We can help you look at your situation before the sale to look for tax saving opportunities, identify any exempt assets and calculate the tax for inclusion in your self assessment tax return.
International Tax
Living or setting up business abroad will have UK tax implications. We can help you save UK tax and consider your UK tax position.
Inheritance Tax
We will show you how to prevent the tax man getting his hands on your estate with trust and estate planning.
Corporate Tax
Whether you have a single company or a group, are based in the UK or abroad, are considering selling or purchasing a business or just setting up a new business we can help you to look at your position, choose the best structure for you and for tax purposes.
Corporate Tax Saving Opportunities
We will endeavor to help you make the most of all available tax saving opportunities such as:
- Capital allowances
- Extraction of profits – salary vs dividends
- Tax rates
- Group and loss relief
- Timing of expenditure
- Dividend planning
Salary and dividend tax planning is an integral feature or our personal tax service for directors.
Catherine Bennett Accountancy
Wheal Harmony House,
Solomon Road,
Redruth,
TR15 1FD