Company Tax
We prepare corporation tax returns and tax computations for all limited companies, ensuring full tax relief is claimed including Annual Investment Allowances, tax relief on Research and Development, Special rates and all areas other areas of tax relief on Research and Development, Special rates and all areas in dealing with HMRC.
We highlight any tax saving opportunities and discuss these with you in good timing for you to make important decisions which may help you save tax in the future.
The withdrawal of company profits is also an area which often requires discussion and planning. The timing of the payment of dividends can have an impact on your personal tax liability and also the company Balance Sheet position so this needs considering carefully.
We advise on all areas for limited companies including the following:
- Corporation tax in general
- Withdrawal of dividends
- Tax planning to reduce future CT bills
- Directors’ Loan Accounts
- Balance Sheet position and maximising the health of the balance sheet
- Rates of tax
- Company capital disposals
- Company closure and entrepreneur’s relief for business owners
- Preparation of corporation tax returns and submission to HMRC
- Use of company trading losses.
- Company tax legislation
- Company tax investigations
Personal Tax
We prepare your personal income tax calculations for sole traders, partnerships and individuals who are required to submit a Self Assessment Tax Return such as those with rental income, higher rate tax payers, investments and other untaxed income.
The 31 January deadline is often a big concern for individuals and we take away the worry and deal with this for you, ensuring the deadline has been met and the tax return completed correctly.
Tax legislation is becoming more onerous and we ensure that we can provide the most up to date income tax advice.
Income tax planning is important and we like to discuss your current situation and future plans in order to provide you with the best advice and plan for the future.
Capital Gains Tax
For individuals who have made a capital gain, the details will need to be included on a Self Assessment Tax Return. We have the knowledge and expertise to ensure all details, claims and reliefs are included in the calculation of your capital gains tax (CGT) liability.
We offer advice on all aspects of capital gains tax including claims for Entrepreneur’s relief when selling a business asset, the most tax efficient way to dispose of assets including property and any other assets, spouse to spouse transfers, and HMRC CGT investigations.
Inheritance Tax
At Hunter Jones Alton, we have a great deal of knowledge and experience in providing Inheritance Tax (IHT) advice. This can be both a complex and sensitive area. We will explain your options clearly and liaise with your solicitors if required.
You may choose for us to review your Will and advise on the tax implications. We can discuss your future requirements and help you plan for the future, advise on transfer of assets and lifetime transfers and explain how much inheritance tax you are likely to pay based on different scenarios.
Tax Advisory
Providing the right tax advice is very important and requires full knowledge of you, your history as well as your future plans.
We can give advice on all areas of tax including the set-up of new businesses, closure of a business, limited company versus sole trader, inheritance tax planning, tax efficient withdrawal of funds from a business, family business progression, pit-falls to avoid, the most tax efficient way to arrange your finances, disposal of assets and all other areas where good tax advice is required.
We have an in-depth knowledge of the current tax laws which are ever-changing and ensure all our staff are kept up to date with the changes in tax rules and regulations.
Tax Enquiries
A tax enquiry by HM Revenue and Customs can be a daunting experience for anyone. At Hunter Jones Alton, we have vast experience in handling enquiries and know how to deal with the tax inspector in a professional manner. We will put your mind at rest and ensure you are prepared to answer any questions they may raise.
The local tax inspectors who have dealt with our firm in the past know that we provide a high quality service for our clients. As Chartered Accountants we have a very good reputation in the industry and keep up to date with the tax laws to ensure our clients save as much tax as possible while keeping within the laws and regulations.
