Taxation
Our tax partner Julia Judson Smith is ably supported by a team of taxation specialists including members of the Chartered Institute Of Taxation who form a dedicated tax department, well versed in the taxation requirements of family businesses and individuals. This depth of expertise enables us to provide comprehensive advice and planning for both our personal and corporate clients. We also have a good record in defending our clients in tax investigations with HM Revenue & Customs.
For Business
For your business we will do our utmost to keep your tax bill down. From completing forms P11D, the best use of losses, capital allowances, farmers averaging claims, tax considerations of business finance and the like. We have helped the smallest one-man (and one-woman) businesses, professional partnerships, and companies with multi-million pound turnover and balance sheets and with a foot in the UK and abroad. The Outer Mongolia-UK double tax treaty? We’ve advised on it for one of our corporate clients. We continue to save our clients thousands of pounds by working with them on their remuneration packages, getting the most tax efficient arrangement of salary, dividends and rents. We will calculate how much a company car costs your business and your employees, and work out a compromise car/cash deal that works best for both parties.
We will advise on business structure – sole trader, partnership, company or groups of companies. If and when to incorporate, or what happens on sale. Passing on the family business and retirement. All of these can involve VAT, Capital Gains, Inheritance, and Stamp Duty taxes for example.
For VAT we will register and deregister you, complete your VAT returns, advise on how it applies to imports/exports, and we will deal with HM Revenue & Customs on your behalf.
For Individuals
A lot of thought has gone into your Self Assessment Tax Return by the time you have received it from us to sign. We will maximise your tax allowances and reliefs, and volunteer if there is something you can do more tax effectively.
But we do a lot more than tax returns – capital gains tax and inheritance tax planning, family trusts and estates, advice on tax efficient investments including VCT’s and EIS. We have saved a client in Thailand over £9,000 UK tax by disclaiming his UK personal tax allowances and electing for a different basis of assessment.
For Executors & Trustees
We are well versed in creating settlements and advising on deeds of variation, and dealing with the ongoing affairs of a Trust. We will listen to your requirements and advise on the right arrangement for you, on appointments of capital, tax efficient distributions, breaking settlement, Settled Land Act trusts, and ten-yearly charges. We will deal with the administration and routine tax compliance for your Trust, and prepare accounts if these are required.
