Taxation

Paying tax is inevitable if we want to live in a civilised society; but it does not mean that we have to pay more than our fair share. The constant tinkering with legislation by progressive governments has produced both pitfalls and opportunities.

Taxation is now perhaps the single largest cash outflow from an owner managed business, reducing the amount available for you and more importantly, less funds available to invest in the future. In addition to meeting your statutory obligation of corporation tax self assessment, we help you grow your sales and profits and minimise your tax.

There are many tax implications of business transactions and we are dedicated in using our experience and expertise to ensure that you are not paying too much tax and take advantage of opportunities that the government has provided. Such as:

• Business Structure to mitigate the tax burden
• Profit Extraction to ensure that you keep more of your money in your pocket
• Research & Development tax credits that may be available to reduce your tax liability
• Tax Shelters such as pension schemes, Enterprise Investment Schemes and Venture Capital Trusts

VAT is a complex tax imposed on a business and can have a significant impact on your cashflow. This is particularly relevant in view of the current economic climate. Careful planning of VAT can provide cashflow savings and we will ensure that the most appropriate scheme is considered to delay the payment of output VAT and speed up the reclaiming of input VAT.

We have a wealth of tax experience and understand the problems and issues facing owner-managed businesses. Our objective as your tax advisers is to work closely with you to ensure that you are paying the minimum tax required by law.

In short we can assist in all aspects of you business taxation needs including:

• Tax planning and advice on mitigation of tax liability
• Registration for VAT
• Preparation of VAT Returns
• Payroll and end of year returns
• Tax enquiries and investigations

The enquiry powers and penalty regimes of HMRC are increasing all the time and expert advice and assistance is now crucial. If you would like further details or wish to arrange a meeting, please contact us on 020 8696 7090 for a FREE no obligation consultation.