Though business owners traditionally regard the annual audit and preparation of annual accounts as a cost centre - a necessary evil that adds no value to the business! - we strive to transform it into a profit centre. Besides helping you meet the statutory requirements, we also take the opportunity to conduct a review of your financial and management systems. This can often result in our identifying potential problem areas and recommending opportunities to improve your business performance. We discuss the problems and opportunities with you and help you implement any agreed solutions.
Corporate Tax Planning
Corporation tax represents a substantial part of your trading costs. Moreover, the increased reporting obligations, robust investigation policies on the part of the tax authorities, and harsher penalties for non-compliance mean that an undue amount of your time and resources can be taken up collecting revenue for the Government. We offer a range of services to help you minimise your corporate tax exposure and relieve you of the administrative burden of complying with tax legislation. Electronic filing via IXBRL is now in place and we can assist companies file all necessary documents online.
With the tax regime becoming more complex and more emphasis being put on taxpayers' individual responsibilities, everyone who is subject to taxation needs professional advice and support if they are to optimise their tax position and ensure they meet all the compliance requirements. This tax planning can encompass both Inheritance Tax Planning and Capital Gains Tax Planning.
We can save you a lot of time, worry, and money by handling your self-assessment for you. We will do all the necessary computations, complete your return, and even offer advice on how you can minimise your tax liability. We can act as your agent, dealing directly with the Inland Revenue on your behalf and, should you be selected for a self-assessment enquiry, act for you at any meetings. As the majority of self-assessment tax returns are now submitted electronically one now needs to become familiar with the process of electronic filing. This is not everybody’s forte and we can assist here. We have invested in electronic compliant systems which will enable us to file electronically on your behalf and forward all payments electronically on your behalf.
Value added tax is one of the most complex and onerous tax regimes imposed on business - so complex that many businesses inadvertently overpay or underpay VAT. The ever widening scope of VAT, the constant stream of detailed changes to the regulations, and the ever growing demands of Customs and Excise call for a trained professional eye to ensure that you do not fall foul of the regulations and do not pay the Exchequer more than you need to! We provide an efficient cost effective VAT service. We can assist with registration, deregistration, zero rating and with the ongoing compliance of composite vat and second hand vat schemes etc.