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
08 March 2010 03:53

For both the tax year ending on 5 April 2010 and the next year to 5 April 2011 the small earnings limit for exception from payment of the Class 2 “self employed stamp” is £5,075.If your self employed earnings have reduced you should check your position as you

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08 March 2010 03:51

Just when staying in is the new going out HMRC have sponsored a new weekly series The Business Inspector being shown on Channel 5 from 10 March, 8pm.Apparently, the decision to fund the four part programme aimed at small businesses was taken to help raise awareness of the

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04 March 2010 07:49

HMRC have issued a warning to the majority of tax payers who pay their tax through PAYE, due to weakness in their system it is more likely than ever your tax code could be wrong.In our experience the most common and best avoided problem with PAYE is operation of

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22 February 2010 01:52

The balance of self assessment tax for 2008/09 was due for payment on 31 January 2010, interest has been charged on unpaid amounts from that date.If tax for 2008/09 has not been paid by 28 February 2010 a 5% surcharge will be added in addition to the

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