Tax Advice & Compliance
Tax is a complex subject, made worse by the constantly evolving legislation. Interpreting the different tax rules and regulations is confusing but has serious implications – pay too much tax and you’ve lost income, pay too little tax and you risk investigation, fines and penalties.
We understand tax inside out. We can give you the right tax advice to make sure you are fully compliant but don’t pay anymore tax than you need to.
There are many tax allowances and reliefs available which can minimise your tax liabilities. We can advise you how to maximise these and make tax savings.
If you are planning to sell any assets, your business or a second home for example, it’s important to get tax advice first. The legislation for capital gains tax is a very complex area but there are many reliefs and exemptions which may lead to a significant tax saving.
Our tax advice covers:
- Personal tax and self-assessment
- Corporation tax
- Value Added Tax (VAT)
- Capital gains tax
We can liaise with the tax authorities on your behalf and manage the whole process for you.
We’re always happy to chat through any questions you may have concerning tax or tax planning.
Key Tax Rates 2015-16:
Basic rate (£5,001 – 31,785) – 20%
Higher rate (£31,786 – 150,000) – 40%
Additional rate (over £150,000) – 45%
Corporation tax rate – 20%
VAT registration threshold – £81,000
Capital gains tax annual exemption – £11,100