Tax 2018-11-15T12:37:35+00:00

Our Tax Services

We can help you minimise your tax bill by ensuring that you employ the optimum structure for both your business and your family.  We can steer you through the minefields of compliance and planning so you can rest assured that all deadlines have been met and all returns correctly made.

Planning & Advise

Cash flow planning is crucial for any business and no-one likes nasty surprises so we try to agree in advance our annual fees. Once agreed these are guaranteed provided you let us have the information necessary to complete your compliance within a structured timeline.
We are confident that you will be delighted with our service together with the expertise we offer, however if you are at all unhappy with this service you have the ear of your personal account “partner” whom you can contact at any time – except maybe Friday evenings after gin & tonic time!
Most clients choose our fixed fee option although, if you prefer to pay an hourly rate, we can arrange that too. If your requirements are more specialised we will provide a custom-built quote.

Estate Planning
Realistic and practical advice on managing how and when to pass your assets on to those you want to inherit is essential. You need to maintain control in case of unforeseen circumstances and you need to be supported with decisions which may be emotive or difficult. We can offer planning taking into account family relationships, potential needs and realistic expectations.

Any planning should be carried out in close partnership with solicitors – ensuring you have a tax-efficient will in place which your will reflects your wishes.

We carry out a detailed review of your assets and discuss with you how you want that wealth to be passed on. Some planning can involve gifts during your lifetime so we aim to advise what is appropriate, tailored to your individual circumstances. But we always ensure you retain resources sufficient to fund your future envisaged lifestyle.

Tax Enquiry

If selected for enquiry you need an advisor who knows intimately HMRC and is prepared to defend your actions and fight your corner. We ensure HMRC adheres to guidelines and the law, rather than their interpretation of it.

If selected for enquiry you need an advisor who knows intimately HMRC and is prepared to defend your actions and fight your corner. We ensure HMRC adheres to guidelines and the law, rather than their interpretation of it.

We have been known even to appeal to our own and to your Members of Parliament to move matters along. We will provide detailed guidance on the process so you know what to expect. We shall support you all the way to tribunal if necessary. You can see from some of our cases on the tax treatment of doctors’ expenses that we are prepared to stick up for what we believe. (Samadian, Banerjee and the matter of incorporation and goodwill values)

However Prevention is the best defence…

Random enquiry can affect anyone of course but you can help to avoid the element of chance. We are specialists in advising doctors and as such we can apply our knowledge and resources to watch for triggers and changes in attitude which may prompt enquiry. We are also known to HMRC and have assisted with explanations and examples of how and why businesses develop in the private medical sector. This really does help to minimise your risk of enquiry.

Tax enquiries are expensive and time-consuming.

Please consider protecting yourself from the costs of advice for dealing with enquiries as there is a substantial amount of work involved for even the simplest request from HMRC. On average an enquiry can take around 2 years to complete, with many stretching beyond as HMRC receives increasingly detailed information from many differing sources which need to be evidenced and defended.

Of course we cannot prevent enquiry, but we can provide you with the best possible support and advice without having to worry about the cost. For details on insuring against the cost of defence please ask for our fee protection insurance details to help you make an informed choice.

Personal Tax Returns

We understand that you work for your family not to pay the Government in unnecessary taxes. Protecting family wealth is important for and effective planning has a role in growing for the future.

We understand that you work for your family not to pay the Government in unnecessary taxes. Protecting family wealth is important for and effective planning has a role in growing for the future.

We can advise you on every aspect of your personal tax position, from complying with your annual self-assessment tax return obligations to advising on capital gains tax, wills and inheritance tax planning. But we keep in mind your unique circumstances, current needs and objectives for the future. We review your tax planning strategy so we can swiftly adapt and alter suit your changing circumstances as well as in response to changing tax legislation.

  • Our services:
  • Completion of your self assessment tax return
  • Capital gains tax planning
  • Inheritance tax planning
  • Advice on wills
  • Exit and succession planning
  • Trust accounting and tax compliance

Business Tax Returns

We can help you minimise your tax bill by ensuring that you employ the optimum structure for both your business and your family. We can steer you through the minefields of compliance and planning so you can rest assured that all deadlines have been met and all returns correctly made.

Tax for the majority of doctors is probably the largest expense and cash flow issue. Add the compliance burden of producing “adequate” records coupled with stringent fines and penalties for failure by an increasingly Draconian HMRC and the whole idea of running your own business seems daunting.

We can help you minimise your tax bill by ensuring that you employ the optimum structure for both your business and your family.  We can steer you through the minefields of compliance and planning so you can rest assured that all deadlines have been met and all returns correctly made.

We do this using our considerable knowledge and expertise which spans more than 150 years in total (most of which is racked up by our two directors!). Questions answered include:

  • Tax efficient structures
  • Business restructuring
  • Business/share valuations
  • Remuneration extraction
  • Buying and selling a business
  • Succession and retirement planning
  • Tax returns using ixbrl-tagging

Trusts

Helping our clients with future financial and asset planning of their wealth and setting up an intended agreement for the trust funds with our expert knowledge.

Trusts can be used as a tool to save and protect assets and wealth with agreements in place to guarantee that the beneficiary receives the correct amounts intended.  Trusts can also be used for a inheritance tax planning tool to gift your assets to your spouse or children.  If you would like to discuss setting up a trust or the implications, please contact one of our directors for a consultation

VAT

VAT is a complex area. We are able to advise and act on your behalf. We are able to apply for VAT registration including advising on the relevant VAT schemes and notifying HMRC if required.

We can provide assistance with submitting regular returns using your records or we can perform the bookkeeping for you. This means that you can rest-assured that returns are correct and complete… and by the deadline.

Sometimes HMRC will want to carry out a VAT inspection. Just like an enquiry these can prove stressful and we support you throughout the process.

We can perform VAT health-checks if you complete your own compliance which includes an exhaustive review of your records. We report findings and provide assistance and guidance on correcting any issues identified.

+ Planning & advice

Planning & Advise

Cash flow planning is crucial for any business and no-one likes nasty surprises so we try to agree in advance our annual fees. Once agreed these are guaranteed provided you let us have the information necessary to complete your compliance within a structured timeline.
We are confident that you will be delighted with our service together with the expertise we offer, however if you are at all unhappy with this service you have the ear of your personal account “partner” whom you can contact at any time – except maybe Friday evenings after gin & tonic time!
Most clients choose our fixed fee option although, if you prefer to pay an hourly rate, we can arrange that too. If your requirements are more specialised we will provide a custom-built quote.

Estate Planning
Realistic and practical advice on managing how and when to pass your assets on to those you want to inherit is essential. You need to maintain control in case of unforeseen circumstances and you need to be supported with decisions which may be emotive or difficult. We can offer planning taking into account family relationships, potential needs and realistic expectations.

Any planning should be carried out in close partnership with solicitors – ensuring you have a tax-efficient will in place which your will reflects your wishes.

We carry out a detailed review of your assets and discuss with you how you want that wealth to be passed on. Some planning can involve gifts during your lifetime so we aim to advise what is appropriate, tailored to your individual circumstances. But we always ensure you retain resources sufficient to fund your future envisaged lifestyle.

+ Tax Enquiry

Tax Enquiry

If selected for enquiry you need an advisor who knows intimately HMRC and is prepared to defend your actions and fight your corner. We ensure HMRC adheres to guidelines and the law, rather than their interpretation of it.

If selected for enquiry you need an advisor who knows intimately HMRC and is prepared to defend your actions and fight your corner. We ensure HMRC adheres to guidelines and the law, rather than their interpretation of it.

We have been known even to appeal to our own and to your Members of Parliament to move matters along. We will provide detailed guidance on the process so you know what to expect. We shall support you all the way to tribunal if necessary. You can see from some of our cases on the tax treatment of doctors’ expenses that we are prepared to stick up for what we believe. (Samadian, Banerjee and the matter of incorporation and goodwill values)

However Prevention is the best defence…

Random enquiry can affect anyone of course but you can help to avoid the element of chance. We are specialists in advising doctors and as such we can apply our knowledge and resources to watch for triggers and changes in attitude which may prompt enquiry. We are also known to HMRC and have assisted with explanations and examples of how and why businesses develop in the private medical sector. This really does help to minimise your risk of enquiry.

Tax enquiries are expensive and time-consuming.

Please consider protecting yourself from the costs of advice for dealing with enquiries as there is a substantial amount of work involved for even the simplest request from HMRC. On average an enquiry can take around 2 years to complete, with many stretching beyond as HMRC receives increasingly detailed information from many differing sources which need to be evidenced and defended.

Of course we cannot prevent enquiry, but we can provide you with the best possible support and advice without having to worry about the cost. For details on insuring against the cost of defence please ask for our fee protection insurance details to help you make an informed choice.

+ Personal Tax Returns

Personal Tax Returns

We understand that you work for your family not to pay the Government in unnecessary taxes. Protecting family wealth is important for and effective planning has a role in growing for the future.

We understand that you work for your family not to pay the Government in unnecessary taxes. Protecting family wealth is important for and effective planning has a role in growing for the future.

We can advise you on every aspect of your personal tax position, from complying with your annual self-assessment tax return obligations to advising on capital gains tax, wills and inheritance tax planning. But we keep in mind your unique circumstances, current needs and objectives for the future. We review your tax planning strategy so we can swiftly adapt and alter suit your changing circumstances as well as in response to changing tax legislation.

  • Our services:
  • Completion of your self assessment tax return
  • Capital gains tax planning
  • Inheritance tax planning
  • Advice on wills
  • Exit and succession planning
  • Trust accounting and tax compliance
+ Business Tax Returns

Business Tax Returns

We can help you minimise your tax bill by ensuring that you employ the optimum structure for both your business and your family. We can steer you through the minefields of compliance and planning so you can rest assured that all deadlines have been met and all returns correctly made.

Tax for the majority of doctors is probably the largest expense and cash flow issue. Add the compliance burden of producing “adequate” records coupled with stringent fines and penalties for failure by an increasingly Draconian HMRC and the whole idea of running your own business seems daunting.

We can help you minimise your tax bill by ensuring that you employ the optimum structure for both your business and your family.  We can steer you through the minefields of compliance and planning so you can rest assured that all deadlines have been met and all returns correctly made.

We do this using our considerable knowledge and expertise which spans more than 150 years in total (most of which is racked up by our two directors!). Questions answered include:

  • Tax efficient structures
  • Business restructuring
  • Business/share valuations
  • Remuneration extraction
  • Buying and selling a business
  • Succession and retirement planning
  • Tax returns using ixbrl-tagging
+ Trusts

Trusts

Helping our clients with future financial and asset planning of their wealth and setting up an intended agreement for the trust funds with our expert knowledge.

Trusts can be used as a tool to save and protect assets and wealth with agreements in place to guarantee that the beneficiary receives the correct amounts intended.  Trusts can also be used for a inheritance tax planning tool to gift your assets to your spouse or children.  If you would like to discuss setting up a trust or the implications, please contact one of our directors for a consultation

+ VAT

VAT

VAT is a complex area. We are able to advise and act on your behalf. We are able to apply for VAT registration including advising on the relevant VAT schemes and notifying HMRC if required.

We can provide assistance with submitting regular returns using your records or we can perform the bookkeeping for you. This means that you can rest-assured that returns are correct and complete… and by the deadline.

Sometimes HMRC will want to carry out a VAT inspection. Just like an enquiry these can prove stressful and we support you throughout the process.

We can perform VAT health-checks if you complete your own compliance which includes an exhaustive review of your records. We report findings and provide assistance and guidance on correcting any issues identified.

Why we are different

We know the impact of failing to comply with tax legislation. We are therefore available so that you can contact us anytime. And we mean anytime. We are not bound by office hours you will have direct access to a qualified tax advisor at all times.

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Call a member of our friendly team
01522 546606