 Self-Assessment
Despite the Government’s numerous claims that it is simplifying the tax system, the forms which need to be submitted to HM Revenue & Customs are often difficult to understand and are time consuming to complete. Companies and individuals alike find them a burden they could well do without.
At ALC Taxation we take away that burden and give you the peace of mind of knowing that your tax returns will be completed accurately and submitted on time. We fully explain to all our clients their obligations under the self-assessment system, including, and most importantly, how much tax they have to pay and when it is due.
HM Revenue & Customs Enquiries
At ALC Taxation we take the fear out of dealing with the taxman when he comes knocking. We guide our clients through the enquiry process and deal directly with HM Revenue & Customs to ensure that the enquiry is conducted promptly and that tax, interest and penalties are minimised.
Tax Planning
No tax operates in isolation and at ALC Taxation we ensure that any plannning work undertaken considers the full spectrum of taxes as well as any commercial issues and family concerns. This ensures that our clients are provided with the overall picture, enabling them to make a well-informed decision.
Some examples of planning work carried out by ALC Taxation are:
Capital Gains Tax planning – where we will ensure that all reliefs available are claimed and used to their maximum advantage.
Inheritance Tax planning - The amount paid to the Inland Revenue as Inheritance Tax is increasing, mainly due to the rising value of people's homes. If no planning is undertaken, a large proportion of the savings that you wanted to pass on to your children could pass to the Government instead. We help clients to mitigate this liability through the use of trusts, will planning and lifetime giving.
Business Tax planning - We will assist you in making the decision of what trading vehicle is most suitable for you and your business. We will advise on tax efficient profit extraction methods. We will ensure the business maximises the reliefs available to it such as capital allowances and R & D tax credits. If there is more than one business, ALC Taxation will help structure these in the most tax efficient way.
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