One of the most important and relevant functions that your professional advisor can provide, taxation on both a personal and business level can be a complicated and difficult to understand topic. By keeping-up with a constantly changing landscape of taxation matters and the management of wealth within the UK and abroad, we are able to advise our clients pro-actively, while helping to avoid unnecessary risks and pitfalls.
Businesses:Aside from preparing its annual accounts, a business must also prepare a separate computation for the tax authorities showing its tax liability for the period just ended. This is regardless of whether the business is incorporated or not, or has made a profit or not.
Individuals:Individuals not running their own business may still from time to time need to prepare a tax computation to take account of an unusual or extraordinary event such as a inheritance, the sale of an asset or income from overseas. This would be regardless of whether the individual is already submitting a self-assessment tax return or not.
We are qualified and expert in assisting our clients to prepare the necessary computations and returns, whether for business or personal, while also advising on how best to comply with the relevant rules.
Forward Planning:For start-up and SME businesses in particular, as well as for some individuals, careful and often quite basic forward planning can provide substantial benefits in terms of minimising tax liabilities in the short-, medium- and long-term.
All our clients have access to, and benefit from, our expert knowledge in all of these areas.