Taxation

Individuals and businesses would like to pay less tax, but usually leave it too late to be able to reduce their exposure to tax. At Knights we like to take a proactive stance on planning your future tax, looking at each individual client, year on year. By doing this we can give the best tax advice on how to plan your business or personal affairs to limit the amounts you, or your family, may have to pay in the future.

Calculating the tax and reducing the amount you have to pay, legitimately, is just one aspect of what we can do for you. We also endeavour to make sure that you meet all the necessary deadlines with the relevant tax authorities, this reduces the likelihood of you incurring penalties or additional interest charges. Making sure that all compliance and payment deadlines are met reduces the risk of HM Revenue and Customs opening and enquiry.

Our taxation and accountancy team cover all aspects of taxation including:

Personal Tax

• Preparing and submitting self assessment tax returns
• Preparing and submitting partnership tax returns
• Planning your personal taxes to reduce liabilities
• Advising on and calculating taxes from dividend income
• Dealing with HM Revenue and Customs on a daily basis

Business Tax

• Tax Plannning for self employed and contractors
• Advising in IR35 implications
• Advising on the trading structure of your business (sole trade, partnership, limited company etc)

Company or Corporation Tax

• Corporate tax planning
• Filing company tax returns by the appropriate deadlines
• Completion and submission of CT600 company tax return
• Dealing With HM Revenue and Customs
• Undertaking tax calculations for incorporated businesses

Capital Gains Tax

• Advising on making the best use of the allowances available
• Identifying and minimising your tax burden from the disposal of properties and/or investments

Inheritance Tax

• Planning to limit the taxable amount payable on you or your families’ death
• Linking INT into the probate
• Considering the options for succession of a business or personal wealth

Value Added Tax (VAT)

• Preparing and submitting VAT Returns
• VAT Registration, de-registration and transfer of business as a going concern
• Identifying and advising VAT pitfalls

Stamp Duty Land Tax (SDLT)

• Giving Advice on disposal of property
• Ensuring landlords who set up leases are aware of tax liabilities

Other areas of tax

• Overseas tax – we cover numerous countries including USA, China and Africa
• IR35 – Contractors
• Children’s Tax Credits

Tax Investigation Service

Recent reports show that HM Revenue and Customs are stepping up their examinations under self assessment for both individuals and companies, therefore this will mean more and more innocent businesses and individuals are likely to be investigated. We have assisted many of our clients prepare for such investigations and can help take some of the stress and uncertainty out of them. We can offer a fee protection insurance scheme, meaning we will be free to work on your case for as long as it takes to resolve the situation, which can prevent you from incurring a large accountancy fee, should you or your business face an investigation.

For more information on our taxation services please contact us.