Tax Advisors & Tax Consultants

“You are entitled to arrange your affairs to pay the absolute legal minimum amount of tax.”

Whilst completion of tax returns and statutory tax obligations are important jobs, all accountants should be capable of completing them and advising you of your tax position and liabilities.

We try to do more than just this and are interested in maximising your tax planning opportunities.

We all have to pay our taxes but within the legal framework, there are numerous ways of saving tax and making sure you do not pay a penny more than is absolutely necessary. We have extensive experience in this area of work and always fight as hard as we can for our clients.

We can help with tax planning in relation to…

• Personal taxes;
• Business taxes;
• Tax efficient employee remuneration strategies;
• VAT planning;
• Inheritance Tax strategies;
• Capital Gains;
• Profit extraction strategies;
• Exit strategies;
• Employment status;
• IR35 advice.

Apart from extensive experience in this arena, we have invested heavily in reference materials and specialist software and have access to the Tax Legislation, Tax Cases, to the internal manuals of HMRC and to detailed commentary on all taxes, direct and indirect. This allows us to research any tax topic at all and provide many ways of helping you legally save tax.

New clients are often surprised at how much can be done to help with their tax position. We are always willing to go that extra mile to offer advice on the areas where tax can be saved. We enjoy this work!

It is important that this work is done in advance and you should contact us as soon as possible.

All of our Tax Planning makes legitimate use of the Tax Legislation and Case Law so that you are not put at additional risk from a full HMRC Enquiry, or where there are risks, these are pointed out to you.

“Are you a buy to let investor or property dealer or developer?”

Property tax is a bit of a maze and we can advise you on issues such as…

• Tax reduction strategies for rental income
• What is a repair and tax-deductible and what is the capital and not
• When to use a Limited Company to save tax
• Trading income versus Capital Gain considerations and advice
• Capital Gains rollover and holdover considerations
• Stamp duty planning
• Tax-efficient mortgage structures;
• VAT considerations of property deals
• Making the most of the Principal Private
• Residence election
• Tax issues on the sale of part of your residence
• Second homes
• Inheritance Tax angles

It is an unfortunate fact of business life that you may well come under enquiry by HMRC through no fault of your own or of your accountant. HMRC now investigates businesses at random as well as for specific reasons. A full investigation is not a pleasant experience for anyone. Without expert defence, it is possible to get trampled all over.

If you are selected at random, you need an accountant who knows how HMRC works and thinks and is prepared to fight your case. We make sure that Taxman keeps to their own internal guidelines and don’t over step the mark. We will talk you through the enquiry process and what to expect and support you throughout.

The Penalties

There are various penalties HMRC can seek to impose following an enquiry for undeclared income. As well as having to pay the tax, you can find them seeking penalties up to an amount equal to the tax, so doubling your tax bill. Interest in the late payment of the tax is also part of the arrangement – not a pleasant experience. We can help you minimise these penalties.

Anti-investigation Scanning Checks

Whilst with random investigations anyone can come under enquiry, you can help to avoid the chance of an investigation into your affairs for other reasons. We know the triggers that often give rise to enquiries if not fully explained to HMRC when submitting Returns to them. Every Tax Return or set of accounts we submit to the Taxman goes through an anti-investigation scanning check to identify any areas that may lead to an enquiry before they are submitted without explanation. This really does help to minimise the chances of you being on the wrong end of an enquiry.

Fee Protection

HMRC has powers to investigate income tax and corporation taxpayers at RANDOM.

With the ever-increasing risks of full tax enquiries and investigations, it’s worth considering protecting yourself from the accountancy costs of dealing with it as the amount of work involved is often substantial.

You can get cover for the following…

• Self-assessment enquiries
• VAT enquiries
• PAYE and benefits enquiries
• IR35 enquiries

Even if HMRC finds nothing as a result of any investigation, you will still have unexpected professional fees to pay as a result.

We cannot prevent you from being investigated by the Taxman, but we can help to ensure that you get the best possible support and advice without having to worry about the cost.