The reporting of a tax charge is usually done on official HMRC tax forms – be that a corporation tax return, partnership tax return, Self Assessment tax return, P11D or inheritance tax return etc.
We use specialist software for the reporting. Our team all have the appropriate training and skill set to ensure that you are:
a) reporting the correct income
b) claiming all the available reliefs
c) spot opportunities to undertake tax planning
This is all part of the compliance and reporting service that we offer.
You are not just a number with us, you are a valued client who will develop a relationship with your assigned member(s) of the tax team, who in turn will build up a personal knowledge and understanding of your tax affairs.
We will also liaise directly with HMRC on your behalf, once you have signed the appropriate agent authority forms. This takes away the pain that we know many taxpayers face in trying to
a) speak to someone at HMRC
b) get HMRC to understand your tax problem
By appointing us to act, it frees up time for you. We are actively involved on a day to day basis with provision of the following services:
Personal tax returns – self assessment
We have extensive experience and expertise in the completion of all aspects of personal self assessment, which at times can be a mystery and cause a considerable headache for individuals and business owners, who can face significant penalties if they make mistakes.
Partnership tax returns – self assessment
We have extensive experience and expertise in the completion of all aspects of partnership self assessment, which at times can be a mystery and cause a considerable headache for business owners, who can face significant penalties if they make mistakes.
Corporation tax returns for companies
Whilst a company is a separate legal entity, the legal responsibility for completing corporation tax returns, preparing corporation tax computations and paying the corporation tax due, is a duty of the directors of the company.
Research and Development (R&D) tax relief claims and reports
We act for many clients and indeed non-clients in preparing R&D tax relief claims and reports.
Many business owners will turn off at the mention of R&D and think of scientific laboratories working on ‘wonder drugs’ for curing medical issues. Whilst these advances will probably qualifying as R&D, the actual relief is much wider than many business owners anticipate.
P11Ds for employers
If the business or company employs staff and provides the staff with benefits-in-kind such as company cars, private medical insurance, gym memberships, living accommodation, interest free loans etc then employers may be required to complete forms P11D.
HMRC not only require forms P11D to assess the recipient of the benefit-in-kind for income tax, but also the employer to national insurance charges.
VAT returns and advice
With increasing focus on the submission of VAT returns with the impending implementation of Making Tax Digital it is important to understand changing regulations and statute, which can lead to additional administration for the business owner.
As we are part of Kreston we are able to advise your business on the VAT issues associated with cross border transactions with over 100 countries.
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