Business Right Direction

Taxation Matters

We would like to work closely with you to protect your wealth, establish helpful solutions to problems and ensure you have the peace of mind knowing your personal and business finances are in our capable hands.

When cash, income and asset values are under pressure and the future is more uncertain than ever, the benefits of the working relationships we establish cannot be underestimated.

Not only are we friendly and approachable we also do our best to foster this; a key part of our approach includes taking the time you need, adopting a flexible approach to suit you and fixing affordable fees whenever we can.

Whether you are an individual, partnership or corporate body you will need practical tax strategies for all your financial decision-making. Whoever you are, we will use straightforward language and clear explanations to establish practical solutions that keep your tax payments to a minimum, when the future prospects are for a general increase in taxes, this is more important than ever. Wealth protection is achieved through tax planning; whilst the possibilities are limited only by imagination the following are topical:

  • Making sure you are not paying tax sooner than you need to
  • Maximising the tax value of losses
  • Tax efficient remuneration strategies
  • Reducing taxes on business profits
  • Optimising relief for expenditure
  • Using available reliefs to minimise the tax on any gains
  • Choosing how much inheritance tax you pay
For example, HMRC’s R & D tax credit scheme allows companies to deduct up to 175% of qualifying expenditure on R & D activities when calculating their profit for tax purposes. Furthermore, in certain circumstances some companies may surrender this tax relief to claim a cash back from the taxman!

H M Revenue & Customs also bring our tax problem solving skills to the fore in:

  • Self assessment enquiries
  • Tax investigations
  • Employer compliance disputes
  • Disclosures of tax irregularities
  • Appealing VAT assessments
In the increasingly complex tax environment we also provide help and support with regulatory and compliance issues to enable you to concentrate on your business and get a good night’s sleep too! This includes:
  • Personal and business tax returns
  • Payroll support
  • VAT returns
  • Construction Industry Scheme
  • IR35 advice for contractors

Tax Investigations

If you are the subject of a tax investigation by H M Revenue & Customs (HMRC), do not PANIC.

Investigations by HMRC are worrying, stressful, even puzzling and will certainly raise a number of questions in your mind. Where can you get help quick so you can focus on taking care of your business?

Talk to us, we can provide the answers in a straightforward manner explaining HMRC’s investigation and their powers so you know what to expect, how long it will take and what it is likely to cost.

We have over 30 years experience and specialise in managing HMRC investigations and disputes. Working together with you closely we will support you throughout to help you and your family survive the process whatever your tax problem involves, for example:

  • Corporation Tax or Income Tax Enquiries
  • HMRC’s Offshore Disclosure Facility or the Tax Amnesty
  • Civil Investigation of Fraud
  • Notifying HMRC of tax evasion to protect you from prosecution
  • HMRC Specialist Investigations
Not only are we friendly and approachable we also do our best to foster this; a key part of our approach includes taking the time you need, adopting a flexible approach to suit you and fixing affordable fees whenever we can.

We are based in Nottingham but we are not confined to the Midlands and work with you wherever you are, in the UK or overseas.

Blog
28 July 2010 04:37

Taxpayers are not required to make payments on account for 2010 if the 2009 income tax and Class 4 National Insurance liability is less than £1,000. So getting your return in on time could reduce the payment due 31 January 2010 and mean there’s nothing to pay by 31

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28 July 2010 04:32

The 2nd payment on account for personal tax is due by 31st July 2010. If you are having problems making payment, contact Nottingham Accountants Marshall Smalley to discuss your position. We maybe able to arrange for you to pay in installments. Give us a call to find out!div

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20 July 2010 05:31

Tax investigations by HMRC are worrying, stressful, even puzzling and will certainly raise a number of questions in your mind. Where can you get help quick so you can focus on taking care of your business?We can provide the answers in a straightforward manner explaining HMRC’s investigation

Read More

20 July 2010 05:30

If you sell more on credit than you buy on credit, we should look at the VAT Cash Accounting Scheme. Normally you pay VAT on your sales according to when you invoice but using this scheme defers the payment of VAT as it is based on when the

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