Taxation

Taxation

Our team are experienced in all aspects of tax planning and are here to provide expert advice and guidance for Individuals, Sole Traders, Partnerships, Trusts and Limited Companies.  Working with you, to help you fully understand your tax liabilities and ensure that you pay the correct amount, at  the correct time, avoiding unnecessary fines.

henry-and-banwell-taxation

We have the specialist knowledge to provide advice and guidance on all areas of tax

Personal Tax

Our Personal Tax services can include so much more than just filing your end of year tax return. We can assist with Capital Allowances, Capital Gains Tax, Inheritance Tax and Overseas Taxes. Our team are here to provide a tailored service to suit your needs, helping you plan for the future as well as ensuring that you are utilising all the available tax reliefs.

VAT

VAT legislation is notoriously complicated and the penalties for not getting is right can be pretty tough. Our team can work with you to provide advice on registration, VAT schemes and assist with completing and filing returns.

By fully understanding your business we are able to work with you to maximise cashflow and minimise risk.

Corporation Tax

Limited companies are charged Corporation Tax at two different rates depending on their annual profits. Returns must be filed online annually and received by HMRC within 12 months of your year end.

Ultimately the responsibility for dealing with corporation tax lies with the company’s directors but we all know that running a business requires you to be able to multi-task which can sometimes mean that essential jobs get overlooked. We are here to ensure this doesn’t happen.

From taking care of your tax documents and payments to providing expert advice on the sometimes tricky corporate tax legislation, our team will ensure that your business is fully compliant with the latest legislation.

PAYE & National Insurance

Our Payroll team provide a full payroll service, leaving you to concentrate on other things. From calculating monthly deductions to supporting you with your pension auto enrolment responsibilities or dealing with RTI (Real Time Information) and the associated HMRC submissions.

Our team are here to support and guide you and ensure that you are up to date with current legislation and advise you of any relevant changes on the horizon.

From taking care of your tax documents and payments to providing expert advice on the sometimes tricky corporate tax legislation, our team will ensure that your business is fully compliant with the latest legislation.

Capital Gains Tax for Business

Capital Gains Tax is the tax payable on profit made from selling assets such as property shares or investments. Although everyone is entitled to a set amount of tax free capital gains each year, expert advice can help ensure that you are declaring the correct amount to HMRC and fully utilising all of the available allowances and reliefs.

Inheritance Tax

Inheritance Tax is currently payable when your personal wealth is in excess of £325, 000 (2018-19). This can be made up of your savings, life assurance policies, business assets and your own home.

With careful planning our team can help you reduce your tax liabilities whilst ensuring you remain compliant with current tax legislation. From providing advice on all aspects of tax planning to assisting in the preparations of returns, we will work you to help you plan for the future.