Taxation

As tax consultants, we work closely with you to ensure you pay the minimum tax required by law. 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.

Business Taxation

Corporation tax services

Under Corporation Tax 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.

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 Taxation (including sole traders and partnerships)

We are specialists in Income Tax, Capital Gains Tax and Inheritance Tax planning.

Self Assessment

cbaSadofskys's tax team takes the headache out of the form filling and compliance aspect of Self Assessment. We can provide you with practical advice on personal tax positions and the planning opportunities available to you. We complete tax returns, calculate any tax liability and advise you on exactly when and how much to pay.

Personal tax planning

Today, more and more emphasis is being put on taxpayers' individual responsibilities. Everyone is liable for tax needs professional advice and support if they are to optimise their tax position and ensure they meet compliance requirements. Our specialist tax team provides you with year-round advice on all aspects of personal taxation.

Estate planning

Few of us like to think about dying however, the relevant legislation requires us to plan well in advance. This means making the necessary provisions while you are mentally capable. There are many tax opportunities available and the earlier arrangements are made, the greater the chance of taking full advantage of our complicated tax system.

When planning to transfer an estate, it is vital that adequate provision is made and getting the right balance requires considerable skill and foresight – along with a detailed knowledge of the current tax regime. We provide a discreet comprehensive estate planning service that includes:

  • help with planning and reviewing a will;
  • making full use of exemptions and lower tax rates on lifetime transfers;
  • optimising lifetime transfers between family members;
  • transferring agricultural or business property;
  • transferring assets into trust; and
  • arranging adequate life assurance to cover potential inheritance tax liabilities.

We also have expertise in dealing with trusts; which is a very tax efficient way to set aside assets for future beneficiaries outside the inheritance tax net. We can advise on the most suitable type of trust to fulfil your wishes, assist in setting up the trust and provide the full range of accounting services required for trust management.

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; and
  • negotiating with HMRC in disputes and representing you at VAT tribunals if necessary.

H M Revenue & Customs Investigations

Being the subject of a tax investigation by the HMRC can be a stressful and worrying experience. HMRC staff can now review cases on a 'sample basis' as a consequence tax investigations have become more frequent. We can deal with HMRC investigations on your behalf, whether they are enquiries into an individual’s Tax Return under the Self Assessment regime, more detailed enquiries or employer-related investigations into PAYE and P11d compliance. If you are about to be the subject of an investigation, we can provide expert help and support.

Tax protection

With the increased risk of such investigations it may be worth considering taking out an annual 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.

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Audit Registration
Professional Indemnity Insurance
BritishForcesDiscounts.co.uk

Company No. 9378778 | VAT No. 204 7056 37
Registered in England and Wales | Registered Office: Princes House, Wright Street, Hull, HU2 8HX

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