Corporate Tax compliance
Tax legislation is complex, so we always start by ensuring that compliance obligations are dealt with correctly and efficiently. Then, we carefully plan your business matters to manage your tax burden. To maximise your wealth, we minimise your liabilities. Above all, we keep everything simple.
Property Tax reliefs
The capital allowances system has undergone change. Allowances on industrial buildings have been phased out and first year allowances on plant and machinery have been removed. For many businesses this new system is less favourable, but there are positive ways to improve your situation.
- Our team of specialists can help you:
- identify plant items within buildings
- make the most of the enhanced allowances available for:
- energy saving investment
- low emission cars
- renovation of unused business premises
- time your capital expenditure right to optimise the capital allowances.
Research and development
One of the most generous tax breaks for businesses is the enhanced relief for expenditure on qualifying research and development (R&D).
The rules are complex and claims are often resisted by HMRC. We'll work with you to maximise the tax savings on R&D expenditure and produce robust claims that will stand up to the scrutiny of the specialist divisions at HMRC.
And, by the way, do you know if your business is claiming your full entitlement to these R&D tax reliefs? Just a thought.
Share incentives
The use of share schemes and share based payments can provide tax and cost efficient ways of remunerating, retaining and incentivising staff. We can advise on the suitability of share incentives for your business and implement the arrangements. We will also ensure that ongoing compliance requirements are met.
Company restructuring
There are many reasons why a company or group of companies decides to restructure its affairs. You may want to:
- facilitate a tax efficient sale of the business
- ring-fence financial risk
- provide commercial independence for business divisions
- improve the capital gains tax position for shareholders
- provide a structure to enable businesses to be run more dynamically and effectively.
Our tax specialists know how to help implement the changes and meet your needs – now and for the future.
We also know how to avoid the potential tax obstacles which may involve:
- a statutory demerger
- a complex group re-organisation
- a reconstruction that involves a Section 110 liquidation or
- some other type of restructuring exercise
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| Exit planning and succession
Like most owner managers, you probably run your business well from year to year. What we do is encourage you to keep an eye on the long term big picture.
We work with shareholders to maximise your return on exit and ensure that succession issues and the potential tax pitfalls are identified and addressed early. The priorities will vary depending on your preferred route. The route may involve a:
- trade sale of the company
- management buy-out
- sale of trade and assets
- flotation
- purchase of own shares
We'll work with you to find the best solution.
HM Revenue & Customs (HMRC) enquiries
Control the investigation
Whether it is an enquiry or serious fraud investigation, it is vital to take control early on.
In any enquiry, HMRC will try to find out if you owe more tax. If you do, they may charge penalties. It is well known that reductions in penalties are available for co-operation and disclosure. Our experience and approach ensures that you have the best chance to reduce the cost.
Work with the taxman
HMRC have wide ranging powers that may push the boundaries. Our specialists are well versed in the legislation and know what is and what is not acceptable. We will advise you on how to deal with the taxman's questions and respond on your behalf.
Keep the initiative
Enquiries can run for many months, so it is important to keep the initiative. By regular communication with you and with HMRC, we ensure that the enquiry keeps moving efficiently and cost effectively.
Tactics and strategy
We take the initiative and control matters on your behalf. We build trust with you and with HMRC. As long as HMRC see progress, they won't seek to do the work themselves. They will allow us to work on your behalf in an investigation for them and report back. This reduces the impact on you and your day-to-day business operations.
Green Taxes
As part of the Government pledge to reduce carbon emissions, there are favourable tax treatments for companies investing in 'green' equipment and technologies. We can advise on their availability and how you can take advantage of them.
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