TAX
Written by Stephen Quinn
Wednesday, 09 February 2011 16:18
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Corporation Tax

There are many tax implications for various business transactions. Optimum tax efficiency is an important goal of businesses of all sizes and we ensure that our clients take maximum advantage of all relevant tax breaks to minimise their tax liability.

We also ensure that you meet the statutory obligations of Corporation Tax and Self Assessment. We will prepare the tax computation from the annual accounts and deal with all correspondence with the tax authority on your behalf.

 

V.A.T

Value Added Tax (VAT) is a complex tax imposed on businesses and with ever changing regulations, it can have a significant impact on your cashflow. For this reason, we can review tax planning opportunities which exist to ensure that the impact on your business is kept to a minimum.

We can also assist on VAT registration, preparation and completion of VAT Returns and advice on VAT related issues.

 

Tax Enquiries

We act for clients to reduce the possibility of being subject to a tax enquiry; however the risk of an enquiry being raised by HM Revenue and Customs has never been higher. Tax enquiries can be raised by Inland Revenue in a number of ways including risk basis, randomly or rotation.

Dealing with a tax enquiry can be complicated and we have consultants including ex-tax inspectors, to act in your best interest with the aim of bringing the matter to a close. We will assist in preparing for Inspector's questions, attend any meeting and minimise the additional tax liabilities, interest and penalties that may arise from the enquiry.

 

Markel Tax

We offer a Tax Investigations Service that is designed to reimburse the accountancy costs of your defence in the event that you are selected for enquiry. Several clients have asked for a comparison of our service compared to similar protection via the FSB. As a comparison, the FSB protection does not include aspect enquiries, the new Schedule 36 enquiries, IR35 disputes or enquiries into personal taxpayers. Therefore, we believe our Service offers considerably better protection against the current tactics employed by the Revenue. We believe our service will provide you with the best possible representation and protection against the threat of a tax enquiry.

As an additional benefit, all business clients who subscribe to our service also have 24hour access to a Business Legal Helpline; this is a valuable service available to subscribers at no additional cost. This helpline is manned by over 70 specialist lawyers who can provide advice on Employment Law, Health & Safety and Commercial issues.

This service is open to all clients; Personal Tax, Sole Traders, Partnerships and Limited Companies.  Please email for costs of this service for you.

 

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tel: 01436 671477


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