Taxation Services
Personal Tax
Despite the Chancellor of the Exchequer endeavors, tax in the UK has become increasingly complicated. It is often very difficult to know what benefits/ reliefs you are entitled to which may mitigate your tax liability.This is of much concern to many individuals since it is now their responsibility to declare all types of income under their self - assessment. Although Inland Revenue offers to calculate your liability if your records are submitted before the 30th September, large savings may be obtained by hiring the services of a Chartered Accountant.
At Lesser & Co we can offer you:
- Expert advice in all tax matters including inheritance and capital gains tax
- Assistance in completing your self-assessment return and submitting it in-time to avoid interest and penalties
- Ensuring that any available reliefs are fully utilised so that your income lilt bill is restricted to the legal minimum
- Ways of building up large sums of capital completely tax free
- Liaising with the Inland Revenue
Business Tax
In order to effectively manage your cashflow it is important to be aware of all aspects of tax, allowances, exemptions and deadlines. Poor planning may result in a large unwanted tax bill at a time when your finances are short. By hiring the services of a firm of Chartered Accountants, any tax concerns you may have may be alleviated.At Lesser & Co we can provide:
- Expert advice on all tax matters, including corporation tax, capital gains tax, PAYE and national insurance
- A sound understanding of legislation in simple English, and its effects on your business
- Completion of all relevant forms including CT 600, end of year returns, minutes and dividend vouchers
- Advice on tax efficient start-ups
- Advice on share ownerships in unquoted companies
- Advice on disposal of a business' assets in the most tax efficient way
- Maximising the availability of plant and machinery capital & first year allowances
You can trust Lesser & Co, to carry out a cost-effective solution to all your corporate and personal tax planning issues.
Inheritance Tax (IHT)
We are able to provide you expert tax advice, to help reduce the impact of IHT implications, taking into account all relevant and appropriate allowances.
Disposal of assets need to be carefully planned to ensure you get the best possible outcome to mitigate the potential tax liability.
We will ensure that deadlines are met and give you advice on the best possible ways on methods of payments, which will suit your needs.
Capital Gains Tax (CGT)
Understanding CGT can be important if you are looking to build up and then sell a business and use the proceeds to fund your retirement.
For many people, selling or transferring a business may make them liable to pay CGT on their gains, including gains on their share of partnership assets.
CGT can be complex and varies according to your circumstances and we will be able to give you expert advice and carefully plan to ensure that all available and relevant allowances and exemptions are applied to mitigate as much of the tax liability as possible.
This is especially important if your business holds assets that will increase in value, or you are thinking of selling your business and/or business assets, which might lead to a significant tax bill.
If you are interested in the above services, click here to contact us.