Taxation

Personal Tax

We undertake full preparation of personal tax returns, including individuals who hold property or financial investments and those who reside outside the UK. Self assessment can be a time consuming and often confusing business for busy individuals, and judging by the hundreds of thousands of taxpayers who are penalised by HMRC each year it can also be costly if:

  • Deadlines are missed
  • Incorrect returns are delivered
  • Appropriate records are not retained or presented

We aim to spare you these headaches and free up your valuable time by offering a comprehensive Individual Self Assessment service, including:

  • Calculating your tax liability
  • Completing and filing your tax return on your behalf
  • Advising you when various payments are due and how much to pay
  • Advising on appropriate record retention
  • Introducing you to any relevant tax saving ideas
  • Representing you in the event of your being selected for investigation by HMRC

Corporation Tax

We undertake the calculation of taxes due and prepare corporation tax returns for Private Limited Companies (Ltd) and Public Limited Companies (Plc).

As part of our service we will also remind you of any tax payments that are becoming due and explain the reasons why your tax bill might be different from the previous year.

By keeping your tax payments to a minimum, we help you to protect your cash flow, to plan with confidence and to make well-informed decisions about expenditure, growth and investment.

We can help with:

  • Identifying and taking advantage of all eligible allowances
  • Identifying specific forms of relief such as R&D Tax Credits
  • Routine accounting, accounts submissions and payment deadlines
  • Keeping you compliant with all relevant legislation
  • Representing your interests in dealings with HMRC
  • Calculating tax liabilities
  • Expenditure planning
  • Advice about shareholding
  • General tax planning

VAT

As well as making sure you are fully tax compliant, we can also advise on where valuable tax savings can be made. Weaver Wroot can assist with all aspects of VAT, including the various VAT schemes available to help businesses with the complexities of the tax system. We can help to ensure that you comply with the regulations and that overpayments are not made. We can assist with VAT registration, help completing VAT returns, planning to minimise any future problems with HMRC that may arise, and also VAT planning/administration and VAT control/reconciliation.

CGT

If you’re self-employed, a sole trader or working as part of a business partnership, Capital Gains Tax is payable whenever you sell one or more assets. What constitutes an asset will vary from one business type to the next, but examples might include:

  • A company
  • Intellectual property
  • Land and/or property
  • Stocks and shares

For some types of enterprise – such as buy-to-let investment property – Capital Gains Tax can be a particular concern, so working out the best ways of minimising your exposure will be an important part of your business plan.

In all cases, our directors – backed by an experienced team of tax planning specialists – will help you develop the best possible strategy for keeping your business operating legally and in the most tax-efficient manner. We can help with company disposals, the sale of shares and many other important decisions, so before committing to any significant deal, talk to us for some free no-nonsense advice.

Tax Planning

Tax doesn't have to be taxing, so say HM Revenue & Customs, but neither does it have to be a burden. Many business owners have felt the squeeze due to higher income tax rates and the cuts in government spending, but there are many ways in which you can commercially reduce your tax bill and this is where we can help.

Despite the recent purge on tax planning activities by the government, you are still able to structure your business in the most tax efficient way for your circumstances, as well as ensuring that you are claiming your share of the tax reliefs that you are entitled to.

If you wish to investigate the variety of methods which can help to cut your tax bill, Weaver Wroot can help you to find the most beneficial tax reliefs for you and your business, and help you plan your finances to minimise any future tax bills.