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Personal And Corporate Tax
Currently, we use IRIS software to prepare tax returns and calculations for our personal tax clients and those that are self-employed (including partnerships). That ensures the submissions to HMRC are compliant and that the calculations are correct.
For corporation tax, we use Andica software, for the same reason as above. All tax returns are submitted online, though we do prepare paper copies for our clients to read and approve.
We can also help clients with their VAT submissions. Some prefer not to commit to a fully integrated digital system, which is fine; each quarter the information is provided to us and we submit the VAT returns online using our bridging software.
Tax Planning
Before anything is submitted to HMRC, however, it is important to make sure that our clients are aware of the various tax reliefs that are available to them.
This is what’s known as tax planning. We encourage our clients to talk to us before making financial commitments or decisions, because afterwards may be too late.
We can have a chat about your particular circumstances and arrangements, to see what legitimate claims may work to your advantage. There are some reckless and risky tax avoidance schemes being promoted – rest assured that we will not recommend any of these.
ICAEW
As well as being a qualified chartered accountant, Howard is also a member of the ICAEW small business tax committee.
This committee meets and confers regularly on current and upcoming tax matters; Howard has contributed to several ICAEW representations to HMRC, setting out suggestions of improvements and advising against their proposals.
Financial Services
Our firm is not authorised to provide financial services, but there are local financial advisers with whom we have long-standing relationships.
Together we can help with planning and tax-efficient investments. If you already have an adviser that you can trust, no problem – we can work with them too.
