Taxation Services

Minimising Tax – Increasing the Rewards

Taxation is a simple concept but one that is highly complex in operation. It is inevitable that governments will seek to tax your income and gains arising from any source.

We aim to guide you through the taxation maze and by careful planning, ensure that you pay the minimum amount of tax.

• Income and Capital Tax Planning
  Are you paying too much tax now or could you be faced with a large tax bill in the future?
• Peace of mind
  Is your tax burden keeping you awake at night?
• Year End Strategies

Income and Capital Tax Planning

Are you paying too much tax now or could you be faced with a large tax bill in the future?

There are often a variety of ways in which a transaction can be undertaken and each may have a different tax consequence. Our income and capital tax planning service gives you the chance to discuss with us your aims and ambitions, so that we can identify the most tax efficient route to achieve your target.

To do this we will obtain a sound understanding of your affairs and help you consider the options that are available to you, estimating the likely tax outcome of each one. We will take into account what is commercially sensible and we do not believe that it is worthwhile saving tax for its own sake. There is no point spending £1,000 just to save £400.

WKH has a wealth of expertise amongst its staff and partners and most situations can be dealt with in-house. We have, however, also developed a network of nationally and internationally recognised experts with whom we can consult on your behalf. Our tax planning services cover

• Income tax
• National insurance
• Corporation tax
• Capital gains tax
• Inheritance tax
• Stamp duty
• Value added tax

Often, a tax solution is not a stand-alone option and we will seek to find answers to your problems that encompass other services and solutions that are offered by WKH. For instance, passing on shares in the family company may require input from the firm’s experts in succession planning, tax planning and personal finance.

Peace of mind

Is your tax burden keeping you awake at night?

If so, let our tax specialists help your worries disappear. In dealing with your business and personal tax affairs, you will be aware of the growth in government rules and regulations and the penalties that are imposed for not complying. We can help you to meet your fiscal responsibilities by ensuring that the returns that are required are made correctly, completely and in time to meet any deadlines. This will give you the comfort of knowing that none of the rules and regulations are being breached inadvertently.

As part of the self-assessment regime, the HM Revenue and Customs approach is to make examinations of both personal and company tax returns on the basis of their assessment of whether a particular return represents a risk. In addition to this, returns are selected on a random basis, so almost any taxpayer can be the subject of an investigation. We are well versed in conducting investigations with the HM Revenue and Customs and, as a long established and well-respected local firm, we have a reputation of being fair but challenging opponents of the HM Revenue and Customs.

Conducting a defence against HM Revenue and Customs, allegations can be very costly in terms of professional fees. To lighten the load we can offer you a fees protection insurance scheme, whereby for a very modest annual premium, the professional fees incurred in defending a full-blown investigation will be covered by the insurance policy.

2009/10 Year End Tax Planning

While cash flow, business profitability and even just survival are on the minds of many, the pending tax year end on 5 April 2010 provides an opportunity to ensure that your liability for the 2009/10 tax year is no greater than necessary.

There really is no time like the present to take a step back and look at how you are managing your personal finances and your business, and consider how you might reduce your taxes and/or improve your financial and business strategies.

 

Contact WKH

First Name:* Surname:* E-Mail:* Phone: Subject:* Message