CIS - The Construction Industry Scheme has specific tax and payment rules for anyone working within the construction industry, and failure to register or submit certain information to HMRC can result in fines and penalties. Whether you are a CIS contractor or a hired subcontractor, TaxSmart Accounting can advise and assist you with all of your CIS tax and accountancy needs.
Tax Advice & Tax Planning - Are you paying too much tax? With so many different tax allowances and reliefs available to help reduce your tax liability, it can be very difficult and confusing to understand which ones may apply to you or not. If you are not claiming for everything that you are entitled to, this of course could lead to you paying more tax than you need to as a result. TaxSmart Accounting can review your individual circumstances and then advise you on tax savings and also any tax planning tips, including any that may only apply to your specific business sector.
Capital Gains Tax - Capital Gains Tax (CGT) is the tax payable when you sell, transfer or dispose of an asset. The asset could be an investment, like shares in a company, or it could be a physical possession like a property or piece of land. Some gifts, such as those given to children, count as disposals for CGT purposes. As Capital Gains Tax legislation is a very complex area with many exemptions and reliefs, it is important that you seek the advice of a professional if you are considering selling an asset. TaxSmart Accounting can advise you on tax planning and ways to reduce potential tax liabilities, as well as taking care of all of your CGT computations.
HMRC Investigations - Dealing with any form of investigation or enquiry raised by HM Revenue & Customs can not only be a very stressful time, it can also prove extremely costly as well. At TaxSmart Accounting we assist you to deal with the enquiry and deal with the queries and questions raised by HMRC to ensure the process is as less stressful as possible.
Fee Protection Insurance - TaxSmart Accounting can offer you Fee Protection Insurance which covers you for the cost of work that we carry out for the purpose of the investigation. As the costs involved with an investigation can potentially be quite substantial, the Fee Protection Insurance gives you complete peace of mind that there is one less thing to worry about.
Cashflow Projections- A Cash Flow Forecast is an important tool in the financial control of your business, especially if you are expanding rapidly or profit margins are tight. All businesses depend on cash and it is vital to ensure that you have adequate working capital and sufficient long-term funding to both service your existing customers and facilitate growth. However, cash flow can be one of the most difficult things for a business to control and one of the easiest ways for a business to fail. Many businesses go under not because they are unprofitable but because they do not manage their cash flow properly.
TaxSmart Accounting can assist you with preparing comprehensive cashflow projections, budgets and business forecasting which can be tailored to your specific requirements. These reports not only assist in the successful running of a business, they will also often be required by a lender if you were looking to raise finance.
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105 Southbourne Grove
525 Ringwood Road
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T: 01202 469086
T: 01202 895857
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