Taxation Services
Taxation Services
Understanding taxes and meeting your taxation obligations can save you money. By paying the right amount on time you can avoid late payment penalties. You may also be entitled to exemptions.
Choosing the right accountant or accounting firm can be challenging. You want a taxation firm that has experience, industry knowledge, and innovative ideas. Gower Accountancy has the background and knowledge to help your business succeed. We look forward to working with you.
Corporation Tax
Corporation tax can represent a substantial outflow of funds from your business. A company not properly attuned to its tax environment may never truly be able to increase shareholder value, however agile, efficient and progressive it may be in other areas. Increased corporation tax and regulatory reporting obligations add to the drain on management time, while a more investigative approach by the tax authorities can result in harsher penalties for non-compliance. Put all these factors together and the tax burden on your business can be much larger than you may like.
At Gower Accountancy, we believe that the active management of corporate tax issues is a core business discipline. We can help you address how you should manage the tax charge, as well as how you manage your tax risks. We can benchmark your tax charge and compliance processes against those of similar businesses, and then if needed, marshal skills to help you close the ‘gap’. Our services are designed to help companies get to grips with the complexities involved – often through the delivery of very simple strategies.
Personal Tax
If you find yourself struggling with a personal taxation problem or just find it all to time consuming to manage your tax affairs effectively, you may find that you could benefit from using the services of an expert.
We can help you with all aspects of managing your tax affairs more efficiently from simply completing your tax return/tax calculation, working out the capital gains made on stocks and shares or even planning to reduce your future tax liabilities.
VAT
Value Added Tax affects all businesses. When introduced in 1973 it was hailed as a simple tax but in reality it is far from that. Its rules are particularly complex, and its effects are often not considered until it is too late. VAT planning requires in-depth knowledge and even the most conscientious sometimes fall foul of the VAT inspector. It is a high-risk area where professional advice can bring big rewards.
Compliance Services
- VAT registration and de-registration
- Advice on choosing the right scheme
- Completion of VAT returns
- A check on your own VAT compliance work if necessary.
PAYE and NI
As an employer it is your responsibility to be, and indeed essential that you are, fully aware of what you are expected to do with reference to PAYE and NI.Despite the fact that as an employer you are acting as an unpaid tax collector for HMRC, you will still get penalised if you do it incorrectly.Legislation is becoming more and more complicated along with more onerous deadlines and reporting requirements.
At Gower Accountancy, we assist clients with their payroll issues:
- Annual reporting requirements e.g. P35, P14, P11D´s etc
- Dispensation agreements
- PAYE settlements
- Salary sacrifice arrangements
... and would be happy to help you to resolve any matters with which you are faced.
Many employers, in an increasingly competitive market place, are looking for areas where they can differentiate themselves from their competitors, not only to retain existing staff, but to recruit new members to the team. Offering staff more flexible remuneration packages eg childcare vouchers, extra holidays, additional pension contributions, is always well received and if structured properly can be done so with no additional cost to you as the employer and can often result in a decrease in the annual salary bill!
HMRC Investigations
No one ever likes a tax investigation and the process can have a devastating effect on the business principals. We can assist in dealing with the HMRC in order to try to conclude such an enquiry as soon as possible.
Any investigation into your tax affairs can potentially be financially damaging, and its destabilising effect should not be underestimated. There can be significant personal stresses on you and your family during an investigation, and vital relationships with third parties may also be at risk, including customers, suppliers and bankers.
While you focus on your family and business you need reliable support and advice from people who understand the investigation process in depth and have the experience to see you and your business through it.
We can provide you with an adviser who has an expert understanding of tax legislation, compliance and of HMRC procedures and processes in order to deal with the enquiry in a constructive manner.
Our tax investigations experts are experienced and skilled negotiators; they can save you not only time and money, lifting what is inevitably a very stressful burden, but perhaps most importantly they can deliver peace of mind. We know how the tax inspectors think and act — and most importantly we are on your side.
Our services include:
- Managing tax risks
- Negotiating with HMRC on your behalf to ensure the best possible outcome to any tax disputes, appeals and tribunals
- Help with all types of tax enquiries and investigations e.g. PAYE, Self Assessment, NICs, VAT and the Special Compliance Office