At Numbers we have the expertise and knowledge to minimise the tax you are required to pay by law and will complete your tax return for you – leaving you confident that it’s all taken care of.
We will help you to understand the tax implications of your actions, in order that you can plan ahead and conduct your affairs in a tax efficient way.
Corporation tax services
Under Corporation Tax Self Assessment (CTSA), the legal responsibility for correctly calculating the corporation tax liability falls on business owners. We understand the issues facing owner-managed businesses and can prepare tax returns in a timely and efficient manner. We will also calculate your company's tax liability and assist with the calculation of any quarterly instalment payments due.
The increased reporting obligations, investigation policies on the part of the tax authorities and harsher penalties for non-compliance mean that your time and resources can be taken up with tax administration. We will help to minimise corporate tax exposure and relieve the administrative burden of compliance with current tax legislation. Effective corporate tax planning can also result in significant improvements in your bottom line.
Personal tax services (including sole-traders and partnerships)
Self Assessment
We have the expertise and software to take the headache out of the form filling and compliance aspect of Self Assessment. We will provide you with practical advice on personal tax and the planning opportunities available to you. Over recent years HMRC have increased the penalties for failing to file a return on time and for errors. We will complete tax returns, calculate any tax liability and advise you throughout the year on exactly when to make payments and how much to pay and where you might have opportunities to reclaim tax.
Personal tax planning
Everyone who is subject to taxation needs professional advice and support if they are to optimise their tax position and ensure they meet the compliance requirements. Our specialist tax team can provide you with year-round advice on all aspects of personal taxation.
60 Day Capital Gains Tax Reporting
If you make a gain on the disposal of UK residential property you may be required to report the disposal and pay any Capital Gains Tax within 60 days of the date of completion (for non-UK resident taxpayers this also applies to disposals of direct or indirect interests in any UK land or property). We can assist with this by determining if any gains have been made which are chargeable to CGT, calculating the CGT due and filing the return on your behalf.
VAT
Ever changing regulations and the growing demands of HMRC mean VAT compliance can be a difficult administrative process. We can help to ensure that you comply with the regulations and that overpayments are not made. To help you manage this complex area, we provide an efficient, cost-effective VAT service, which includes:
- assistance with VAT registration
- advice on VAT planning and administration
- use of the most appropriate scheme
- VAT control and reconciliation
- help with completing VAT returns
- planning to minimise future problems with HMRC
- negotiating with HMRC in disputes and representing you at VAT tribunals if necessary.
HMRC Investigations and Enquiries
Being the subject of a tax investigation or enquiry by HMRC can be a stressful and worrying experience. We have a wealth of experience in dealing with HMRC investigations, whether they are enquiries into an individual’s Tax Return, more detailed enquiries into a company’s affairs or employer-related investigations into PAYE and P11d compliance. If you are the subject of an investigation, we can provide expert help and support. We can also refer to our external Tax Compliance specialists, many of whom used to work for HMRC.
Tax protection
An HMRC enquiry can be a worrying time. With the increased risk of such investigations it may be worth considering taking out our annual tax investigation insurance policy to protect you and your business from unexpected costs; an investigation will undoubtedly result in additional accountancy work being undertaken. The amount of work will depend upon the complexity of the case but the cost could be substantial.
Our tax investigation insurance can help give you the confidence and peace of mind that the matter is being looked at in the right way, by the right people. If we can’t help you directly with the enquiry, then we are able to bring in additional experts to help conclude the matter as quickly as possible without the stress of additional fees to pay. Even if there is no additional tax to pay, investigations and enquiries can cost thousands and last for many months.
My Business Hub
The business world continues to evolve and the demands on your business continue to increase. As your accountant, we understand that you need advice and support that goes beyond traditional tax, accounting, and tax investigation insurance.
All our clients get free access to My Business Hub which contains a wealth of information and templates for HR, Legal and Health & Safety. What’s more, you will also have access to dedicated helplines to speak directly to experts in HR and Legal.