Our chartered tax advisors are experts at tailoring tax efficient solutions to your unique personal and business goals. They have a wealth of experience in a variety of highly complex areas of taxation and thoroughly enjoy adding value to clients.
Those clients range from sole traders to large multinational companies – we have the experts to advise you, whatever your needs, in a range of areas. These include:
Whether it’s planning for an exit, introducing a new shareholder or paying dividends, the structure of a business will have an effect on the rate of tax you pay.
Our advisors work alongside our corporate & commercial team to provide an all-round service, offering legal and tax to ensure that the legal documents correctly incorporate any tax planning. Having both sets of professionals in one team ensures that issues can be dealt with as efficiently and smoothly as possible.
In addition to the above, we provide advice on:
- IHT and estates, wealth preservation and trust tax
- Property taxes such as capital gains tax, including any available reliefs such as principal private residence(PPR), stamp duty land tax (SDLT), including the mitigation of the three per cent surcharge and the annual tax on enveloped dwellings (ATED)
- Income tax, including tax efficient investment schemes such as Enterprise Investment Schemes (EIS and SEIS), year-end planning and self-assessment tax returns
Capital gains tax and the availability of reliefs such as Entrepreneurs Relief, Holdover Relief and Rollover Relief.
HMRC tax investigations
Tax investigations can be daunting and HM Revenue and Customs (HMRC) have made it clear that they are currently focusing on the areas they consider to be high risk. On top of that, the penalty regime also means that it is crucial that careful consideration is given to each stage of the process.
A wealth of experience in this area enables our tax advisors to analyse and explain the situation clearly, as well as evaluating the level of risk involved with your specific tax investigation. We will structure a plan which will minimise any potential penalties, interest or tax liability, and ensure that, as the taxpayer, you are in control of any final settlement negotiations with HMRC while having the absolute minimum contact with HMRC.
We know, from extensive experience, how tax inspectors work and what they are looking for, so we can make sure that, before an investigation, the records held and the necessary documents are in order, to keep HMRC’s queries to a minimum. Post-investigation, we support you further by implementing risk strategies to protect your business from future issues in relation to noncompliance.
Employee Share Schemes
Tax-advantaged share schemes are an incredibly popular way of employers recruiting, incentivising, remunerating or retaining key staff members in a tax efficient and cost effective way.
We can provide legal and tax advice on any employee share schemes, including which is most suitable for your business. The most popular being:
- Enterprise Management Incentive (EMI) Scheme
- Employee Shareholder Shares (ESS)
- Share Incentive Plans (SIP)
- Save As You Earn (SAYE)
- Company Share Option Plans (CSOP)
We have the necessary in-depth knowledge of the highly complex tax, employment and company legislation to ensure that these schemes meet the criteria for the tax advantages available. Our specialist legal and tax advisors implement these schemes on a regular basis, which means that they are experienced in dealing with HMRC and are aware of the frequent changes to the legislation.