How to access and use the New Computerised Transit System (NCTS)
Check when you should use the NCTS If you are a UK trader, you should use the NCTS to submit ...
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As tax accountants, our objective is to work closely with you to ensure you pay the minimum business tax required by law. Our tax help, allows 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.
With our in-depth understanding of tax legislation, we can assess what tax relief schemes your business is eligible for. We can even give ideas and advice on how you can adjust your business model or processes so you can claim back more in the future.
Under Corporation Tax Self-Assessment (CTSA), the legal responsibility for calculating the corporation tax liability falls on business owners. We understand the issues you face and can prepare tax returns for you. We will also produce the supporting computations of tax liabilities.
We can advise you of corporation tax payment dates, provide timely reminders as payment falls due, and of course, be there to deal with HMRC on your company's behalf.
Strategic planning is important, particularly when changes to the business ownership is about to change. Our tax help includes:
Remember that tax laws and regulations are subject to change, so it’s crucial for businesses to have accountants who stay informed and can adapt their strategies accordingly.
When investing in plant, machinery, or other major expenditure on assets for your business, it is important to make sure you claim the correct allowances to minimise your business’s tax liability. The areas we can help with are:
We can help the business understand the criteria that make certain assets eligible for capital allowances.
We can assist in identifying the assets that qualify for capital allowances, such as machinery, equipment, and certain types of buildings.
Helping to calculate the total capital expenditure on eligible assets.
We can ensure that all allowable costs associated with the purchase, installation, and improvement of qualifying assets are included in the capital allowances calculation.
Advising on how to maximize the benefit of the annual investment allowance, which provides 100% tax relief on the first portion of qualifying expenditure.
Calculating the writing down allowances for assets that do not qualify for the AIA, ensuring that the business claims the maximum relief over time.
Pooling capital expenditure appropriately, especially for assets that are subject to special rules or conditions.
Keeping abreast of changes in tax legislation and navigating the complex rules surrounding capital allowances to ensure compliance.
Providing guidance on the tax treatment of capital expenditure on leasehold improvements.
Advising on the capital allowances available for business vehicles, including navigating the special rules for cars.
Assisting with the maintenance of accurate records and documentation required to support capital allowances claims.
Regularly reviewing the business’s capital allowances position to identify opportunities for optimization and ensuring compliance with tax regulations.
Are you satisfied that the level of National Insurance you are paying is correct? Sometimes when an individual is both employed and self-employed, there are errors in the amount of NIC being charged.
If so, we can check your liability and assist with refund claims or claims for exemptions where applicable.
Yes, we do offer this type of service. However, you will need to complete and sign our engagement letter, before we can offer you advice. The letter establishes the framework in which our relationship with you is managed.
Yes, it is part of our year end accounts preparation and submission service. Other business taxation services, such as tax planning, are included within some of our plans but can also purchased on an ad-hoc basis, when required.Â
If an existing client, typically, it is more cost effective to purchase one of our plans that incorporates the level of business taxation advice required. In which case, the cost is spread over a full year. Even with ad-hoc requests, we are quite flexible and able to accommodate most payment options.
It is a lot simpler than you may think. Simply, inform your tax adviser/accountant you want to move, and we will take care of the rest.
We have extensive expertise and a proven track record, working with small to medium sized enterprises.
Your plans, requirements, how we can help and support you, plus the fees. We will also create an Agenda before the meeting, to ensure you get the most from our discussion.
We need to agree the level of service, fees and carry out any anti-money laundry check. We will then need you to complete and sign our standard Engagement Letter, setting out the relationship between us.
Yes, we do. We want clients to feel, they can pick up the phone at anytime, to receive the best advice.
HMRC investigations can be stressful at the best of times, so we are delighted to be able to offer you this service.
Our financial advisors are here to support you. If you have questions, please do not hesitate to contact us and we will get back to you within 24 hours, but usually much quicker.
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