Tax Returns and Tax Planning
For Individuals and Businesses alike
Inheritance Tax
With today’s property prices, even individuals with relatively modest estates may well find that they are subject to inheritance tax. It’s critical to get the correct advice to allow you to plan for your dependants. Given that Inheritance tax can, in some instances, cover Gifts made in the 7 years prior to death, it is important not to delay this kind of consideration.
Maven offers inheritance tax planning from a simple one-off consultation all the way through to the more thorough, detailed in-depth service.
If you need to look at your businesses and assets from a financial perspective, then why not give us a call.
Income Tax
As any business owner will know, income tax can be quite complex once you have a variety of different ways you can be paid.
Recent changes in the taxation system means it is even more important to get the balance of income right. It pays to have an expert to lean on, particularly in the early growth phase of a business, to ensure you don’t get caught out.
Maven helps companies to become smarter at running an efficient income tax structure. We can outline any potential deferments, to give you a means of minimising or spreading any potential tax burden.
Capital Gains Tax
Most company owners are fully familiar with how much money has been made or lost in any tax year, but are less understanding of the implications of changes to the company through capital gains.
By us accurately assessing your capital gains value and providing advice on the implications of this, you’ll have more room for manoeuvre to deliver on succession and legacy planning. We also provide advice to individuals who have disposed of personal assets.
Corporation Tax
The current corporation tax is 19% but this, like many areas of the taxation system, is subject to change. Additionally, this rate is only part of the equation when it comes to declaring the performance of your company.
Most business owners are not aware that there are various reliefs open to certain companies depending upon the accounting period and other such factors. So it’s important to receive the best advice prior to submitting your company accounts.
Maven has many years experience providing advice pre submission, help with the actual submission of accounts and ongoing annual support.
So you can get exactly the help you require and none that you don’t!
Tax Returns
Whilst tax returns can be straightforward, it’s always useful to get an experienced impartial and independent eye to cast over them.
Tax Planning
Tax planning is one of the most important actions that any business owner can undertake. Its imperative you exploit all possible opportunities and maximise your tax efficiency. That means having a trustworthy and wise tax planning partner.
Accounting Services: supporting you Any time you need us to
Our aim is to be as transparent as possible with you in the services we supply. As a chartered accountant we can offer you all the services you need from compliance to tax planning, from payroll to corporation tax.
The real question is: what specifically do you need us for? Simply contact us by calling (023) 8061 4404 or using the email address below, and discuss your plans and pains with us. We’re approachable, direct and are committed to professional excellence in a modern working world.