Assistance and advice with business tax and VAT

There are a wide range of business tax obligations and liabilities which can be at best confusing and at worst, can affect your profits or your legal status if poorly managed.

Whether you pay income tax on your business profits, or Corporation Tax as a limited company, understanding what you can and can’t claim to reduce your taxable profits means you won’t be hit by an unexpected tax bill.

There are important differences in some areas between limited companies and unincorporated businesses.  Limited companies need better systems to ensure the way you run the business does not result in more personal tax being levied on employees or directors.  Timing the purchase of business assets also affects how much tax you pay and when.

The UK VAT system is one of the most complex tax regimes imposed on businesses. There are a multitude of separate conditions, regulations and legislation to be aware of and the timing, type and value of the products or services you supply will also affect it. Not everything is subject to VAT, with some products and services being outside the scope, zero-rated or exempt.

Without the right advice many businesses inadvertently fall foul of the rules and as a result overpay or underpay their VAT.

We ensure that you adhere to the regulations, avoid penalties due to compliance issues and do not pay more VAT than you need to!

  • Assistance with VAT registration

  • Alternative schemes such as Flat Rate and Margin Schemes

  • TIMING CAPITAL ALLOWANCES CLAIMS

  • CORPORATION TAX PLANNING

  • Completing VAT returns for your approval

  • Tax problems with HMRC VAT office

  • Negotiating with HMRC in disputes and representing you at VAT tribunals

We work with you in a timely and proactive manner to minimise your company’s tax liabilities wherever possible. By helping you to plan and manage your obligations, you know how much to pay and well in advance of the deadlines. Getting it right will minimise putting your business at risk from investigation by HMRC and avoid penalties for late filing.

Get in touch for your

FREE CONSULTATION

Book your free one-hour consultation to discuss your accountancy needs. Working together, we will determine the best direction to see your business profitability soar.

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