Tax Compliance

Personal Tax Services

If you are required to submit a self assessment income tax return, our experienced team of personal tax advisers can help. We can offer a fixed price, agreed in advance, to prepare your tax return, calculate your tax liabilities and advise on due dates and highlight key planning issues.

If your affairs are more involved we would be delighted to discuss these issues face to face and design a bespoke service if that is what you need.

The key aim is to prepare the tax return in the most efficient way which involves a good level of cooperation and communication between you and our team.

Remember the filing dates are now 31 October for paper returns lodged via the post or 31 January for electronic filing.

Contact any of our tax team to discuss your tax requirements.

Corporate Tax Services

It is usually the next major step after preparing a company’s accounts; looking at the Corporation Tax position. Our tax team deal with all aspects of corporate tax from the basic compliance issues, preparing tax computations and tax returns which need to be submitted within 12 months after the company’s accounting year end. As with most of our compliance services this can be dealt with on a fixed fee basis.

We will also look at tax planning for corporate structures including groups and advice on the utilisation of loss relief, the tax implications for mergers and acquisitions and tax incentives for growing and expanding companies. For the more successful business we also have available range of tax planning strategies.

Contact any of our tax team to discuss your tax requirements.

Capital Gains Tax

There is no point building up a successful business or acquiring valuable assets if you overlook the potential Capital Gains Tax position when you come to dispose of the asset. The sale of an asset is something that should be planned in advance and our team are able to assist you with any CT planning that may be required before the disposal and can quantify the potential liabilities and possible reliefs available to mitigate or defer any liability. This can be a complex and ever changing area of tax with an array of reliefs and exemptions available. Make sure you talk to our team before you sell!

Inheritance Tax

Never an easy subject to discuss, but if you have taken steps to control you tax situation throughout your working life to build up your wealth you will surely want to consider some planning to minimise the potential Inheritance Tax following your death. This can be as simple as reorganising assets between spouses or using the annual gifting exemptions available to pass wealth on to your family. We offer a free 1 hour consultation, to clients and prospective clients, with our Tax Partner, Stephen Taylor, to review your overall IHT position. If this would be useful to you please contact Stephen on 01592-630055 or email him at stephen.taylor@cartersca.co.uk.

Tax Enquiries and Investigations

The dark side of the tax world! Under the new self assessment regimes for both individuals and companies these systems are policed by HM Revenue and Customs by routines tax enquiries and audit visits. This can be fairly low level routine enquires up to full blown in depth enquiries for instances of fraud or negligence. HMRC are about to introduce a new penalty system and are increasing their powers of access to information and premises.

At Carters our tax team have many years experience of handling tax enquiries and defending clients at all levels. Clearly, making sure you comply with the rules and regulations of our complex tax system is a starting point. If you have breached the rules, either by accident or design, we are able to help you through what can otherwise be a very stressful situation.

We also offer Tax Fee Protection Insurance that will in effect cover our fees for dealing with tax enquiries and that at least takes that economic pressure away with you not having to worry about the cost of defending a tax enquiry. For more details of the insurance policy please contact our Practice Manager, June Yule on 01592-630055 or e-mail  june.yule@cartersca.co.uk.