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Taxation
Self Assessment Compliance
We deal efficiently with routine tax matters such as completion of Self Assessment Returns for Individuals, Partnerships and Trusts. The practice is fully computerised and authorised to lodge Tax Returns on-line. We write to our clients immediately after the end of the fiscal year to obtain the data required to complete the Tax Return and advise them in good time of the amount required to be paid by 31st January following.
Tax Planning for High Net Worth Individuals
We represent clients across all business sectors – to name but a few, manufacturing, retail, leisure, construction, legal and medical - and in amongst these there are many High Net Worth Individuals with complex tax affairs.
Corporation Tax Compliance
Similarly, Corporation Tax Returns are filed electronically and directors are advised in advance of the due date for settlement of the corporation tax charge.
Company Reorganisations and Corporate Planning
We undertake consultancy and tax planning work for individuals and corporations both as an additional service to the annual compliance function and also as ad-hoc projects.
Sub-Contractors in the Construction Industry
The Firm has a large number of clients within the Construction Industry sector and is well equipped to deal with attendant issues, including advice on the completion and submission of CIS forms.
HM Revenue & Customs Enquiries and Investigations
We undertake detailed investigations and have extensive experience of dealing with Special Civil Investigations Office of HM Revenue & Customs, where serious cases of fraud and suspected fraud are handled. Where a tax shortfall is established, the maximum penalty can be as much as 100% of the tax liability. However, we can report that we have always managed to negotiate considerably more favourable final settlements for our clients. You may be able to insure against the risk of professional fees in such instances through RA(FPS)Ltd.
Inheritance Tax Planning
Our tax team is equipped to deal with Inheritance Tax planning for individuals and family companies using outright life time gifts (primarily of non-chargeable assets and assets with a low inherent capital gains tax liability), trusts to holdover capital gains and protect family wealth for successive generations whilst leaving control with the donor in a trustee capacity, tax efficient Wills and other more complicated instruments.
Probate Services
We provide Probate services at a reasonable cost. In such difficult times our Tax Partner, who is a full member of the Society of Trust and Estate Practitioners, will assume responsibility for placing relevant notices and will, together with the Executors, ascertain the assets and liabilities of the deceased, deal with creditors, consider the need for a Deed of Variation to mitigate the Inheritance Tax, lodge the Capital Taxes Account, make application for Grant of Probate and make arrangements for distribution of the Estate under the Will.
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