Tax Advice
Tax Planning
Individuals have the right to arrange their personal or corporate tax affairs in a manner that will minimise the amount of tax they pay. ADP&Co, Chartered Accountants has experience in tax planning that can improve both business and individuals’ tax positions.
Self Assessment
ADP&Co, Chartered Accountants is highly experienced in dealing with self assessment submissions and can help you to meet all of your tax obligations, whether you are a private client, a sole trader, a partnership or a Company Director.
Income Tax
Whether you are an employer or an employee, find out how you are affected by 2012/13 changes to Income Tax. ADP&Co, Chartered Accountants can also advise you on the latest Company Car Tax, Benefits in Kind and Mileage Allowance rates and can handle all your PAYE and NIC requirements.
Corporation Tax
The minimisation of a company’s corporation tax liabilities can help maximise the amount of funds available to reinvest in the business or to return to the shareholders. At ADP&Co, Chartered Accountants, we have a range of services to help you deal with increasingly complex Corporate Tax legislation.
VAT
Value Added Tax is one of the most complex tax regimes imposed on business. It is so complex that many businesses inadvertently overpay or underpay VAT. This is complicated further by different VAT rates, partial exemption and the administration for companies that wish to trade overseas both within and outside the EU.
National Insurance
Whether you are an employer, employee or self-employed, awareness of National Insurance contributions (NICs) is essential. With strong enforcement powers and anti-avoidance legislation available to HMRC, ensuring that you comply with your National Insurance contributions is of great importance.
Tax Enquiries
Any client can be selected for enquiry by HMRC. It is estimated that there is a £40bn tax gap between what is due to HMRC and what they collect. As a result, HMRC has been tasked with reducing this deficit by £6bn over the next four years so all businesses are at risk of tax enquiry/investigation.
Furthermore, a change in penalty calculations now reflects the level of intent of providing incorrect information. HMRC penalties range from 15% of potential lost revenue for failure to take reasonable care up to 100% for deliberate and understatement with concealment.
ADP&Co, Chartered Accountants has the expertise and experience to represent all clients finding themselves the subject of an enquiry.
