Find answers in our list of frequently asked questions
We understand that navigating the tax world can be confusing. Below are some of the most common questions we get from our clients. If you don’t see your question here, feel free to reach out directly for assistance.
1. What services do you offer?
We offer a full range of tax services, including Corporation Tax, Personal Tax, VAT, Property Tax, CIS, Capital Gains Tax, Inheritance Tax, Tax Advice & Planning, and Tax Investigations.
2. How can I minimize my tax liabilities?
Tax planning and strategy are key to reducing liabilities. We work closely with clients to identify tax-saving opportunities through deductions, credits, and planning techniques based on your unique situation.
3. What is the Construction Industry Scheme (CIS), and how does it affect me?
CIS is a tax deduction scheme for construction contractors and subcontractors. We help you comply with CIS regulations, ensuring accurate deductions and tax filing so you remain in full compliance with HMRC.
4. Do you help with tax investigations?
Yes, we provide professional representation during tax investigations, guiding you through the process and ensuring that your rights are protected while working towards a smooth resolution.
5. When should I start tax planning?
Tax planning should be a year-round activity, not just at tax time. We recommend starting as early as possible to take full advantage of all available tax-saving strategies.
6. What are the penalties for late VAT filing?
Late VAT filing can result in penalties, interest charges, and additional scrutiny from HMRC. We ensure timely and accurate VAT submissions to avoid these penalties.
7. How do I know if I need to pay Capital Gains Tax?
Capital Gains Tax applies when you sell property, shares, or other assets at a profit. We’ll assess your situation and provide guidance on whether this tax applies to you and how to minimize your liability.
8. Can I get advice on inheritance tax planning?
Yes, we provide tailored advice to help you plan ahead and reduce inheritance tax liabilities, ensuring your wealth is passed on to your beneficiaries in the most tax-efficient manner.
9. What should I do if I receive a tax notice?
Contact us immediately. We will review the notice, determine its validity, and help you take the appropriate steps to resolve any issues.
10. How do I get started with your services?
Simply contact us through our website, or call us directly. We’ll set up a consultation to understand your needs and develop a tailored tax strategy.
