Nobody likes paying tax and nobody likes overpaying tax. As your tax advisor we will work with you to ensure that you are paying the least amount of tax required by law, we work for you not the tax man.
We have tax solutions to reduce the amount of tax payable for
- Sub contractors
- Limited companies
- Individuals
If you meet the criteria we can significantly reduce the amount of tax you need to pay year on year and the great thing is the more you earn the more tax you can save.
There are different taxes not just the obvious income tax, there is also corporation tax, PAYE, VAT, inheritance and capital gains tax to name a few.
No matter what type of business you have it falls to you to ensure any tax liability is correctly calculated, to do this yourself is going to take a considerable amount of time and effort to make sure you are up to date with the current legislation and rates, that's before you actually get down to the calculations and what is allowable and disallowable for tax purposes.
Tax returns
Corporation tax returns are required for Limited companies. Producing and filing these in a timely manner stops penalties being enforced. We calculate the tax, file the returns by their due date and tell you if you have to make quarterly payments.
Self assessment partnership returns are filed at the same time as the self assessment individual returns. A lot of people say they do not know where to start when completing partnership or individual tax returns. We have the expertise to make sure that the returns are completed correctly, optimised for you not the tax man and filed by the due date to ensure you are not fined.
VAT
The ever changing demands of HMRC means that VAT can cause business owners no end of headaches. Registering, advice on which scheme to use, planning, administration, computing, completing the actual VAT returns and liaising with HMRC if there are any problems or disputes are all things we can help you with. We are also happy to take complete control for you if you would prefer.
Capital gains & Inheritance tax
Often these two types of tax are confused. Inheritance tax needs to be planned for when making gifts and for the eventual distribution of your estate.
Capital gains tax needs to be considered when disposing of any assets both personally and by the business to ensure correct treatment.
We will discuss with you before you decide to dispose of an asset or make a gift, looking at the best treatment, calculating if any tax is payable and submitting any returns or paperwork required. This means that the administration is taken care of and you do not have to worry.
HMRC investigations
Everybody in business will at some point be the subject of an HMRC investigation. Even for those with nothing to hide a tax investigation is a stressful and worrying time.
At Swinton & Co we do not leave you alone to deal with the investigation by yourself, we liaise directly with HMRC on your behalf. We will be at any meetings required and we will also handle the majority of the questions directly for you.
Tax investigations can be expensive not only if there is some tax to repay but in accountancy fees for handling the investigation. For a small annual fee, we offer an insurance policy so if you are investigated our fees are covered so you do not have to worry about the cost implications of us handling your investigation fully on your behalf.