Tax causing you a headache?

Businesses face various tax filing and payment deadlines throughout the year. Deadlines can differ based on the type of tax return and your business structure. It's crucial to keep track of these dates to avoid penalties. Common deadlines include Income Tax returns, VAT returns and Corporation Tax payments. Please get in touch for specific deadlines relevant to your business.

Legal strategies and allowable deductions can help businesses reduce their Corporation Tax liability. Working closely with us, we can identify eligible deductions and tax-efficient practices tailored to your business while ensuring compliance with tax laws and regulations.

Certainly! VAT (Value Added Tax) rates vary based on goods or services provided and might qualify for special schemes like the Flat Rate Scheme. Understanding when and how to charge VAT is essential. Exploring available schemes can help manage VAT effectively. For detailed guidance, get in touch with our VAT expert.

To comply with VAT regulations and for potential audits, businesses should maintain specific records, including sales and purchase invoices, VAT receipts, records of goods and services provided, and any transactions subject to VAT. Keeping accurate records is crucial for VAT compliance. Get in touch to find out more.

Businesses engaged in R&D activities may qualify for R&D tax credits, encouraging innovation. Eligibility criteria apply and claiming these credits involves a detailed process. Seek advice from our tax experts to determine eligibility and the process for claiming R&D tax credits.

Absolutely! Offering employee benefits like company cars or health insurance can have tax implications for both the business and employees. Understanding the tax treatment of these benefits is essential. Consult our tax experts to ensure compliance and understand the implications for both the business and employees.

Certain expenses incurred in the course of running a business are deductible for tax purposes. These may include expenses related to business operations, marketing, travel and employee wages. However, specific rules and limitations apply. Get in touch to understand eligible deductible expenses and ensure accurate tracking.

Identifying and claiming capital allowances on assets such as equipment and buildings can help reduce tax liability. Understanding which assets qualify and the applicable rates for claiming allowances is crucial. Seek advice from our tax experts to optimise capital allowances effectively.

Making Tax Digital (MTD) regulations require businesses to maintain digital records and submit VAT returns using compatible software. To ensure compliance, adopt MTD-compatible software and maintain accurate digital records for VAT purposes. Refer to official guidelines or speak to our team for specific steps relevant to your business.

Certainly! When a company pays dividends to shareholders, there are tax implications for both the company and the shareholders. Understanding how dividends are taxed and the associated obligations is crucial. Seek advice from our tax professionals to understand dividend taxation and ensure compliance with relevant tax laws.