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Dealing with the Inland Revenue is something most people only do through the tax coding they receive every year. Many others have to prepare tax returns year after year.
Dealing with Tax Returns to the Inland Revenue virtually every day means that we know their procedures and expectations intimately. Because of this, our knowledge allows us to advise and act for you in all taxation matters in the most efficient manner possible.
Obviously, we can’t promise to prevent you being investigated. But we can ensure that only the relevant information is submitted to the tax authorities in a proper format. Enquiring that tax returns are kept error free minimises the chances of you being selected for investigation.
We can ensure that you claim all the allowances you are entitled to, which might be as simple as some flat rate allowancesfor clothing expenses or more complex claims.
You can’t prevent a tax investigation happening. But, we can try to reduce the risk to the taxpayer through our experience and skills. And we offer tax investigation insurance to our clients to pay the costs of any investigation.
Probably one of the most stressful events in your life, a tax investigation needs to be handled firmly, professionally and objectively. We have built a huge reputation with our clients and with the Inland Revenue. Our team know all about dealing with investigations in a manner that is helpful, effective and efficient. We always act for the client, not the taxman, and are willing and able to draw lines where the Inland Revenue seek to exceed their authority. That is not being confrontational, but all about being prepared to challenge the Inspector when the try to do too much.
Tax planing is generally very complex. Sometimes it can also be very easy. We specialise in making it simple for you to understand how tax planning can benefit you, but also highlight any potential risks involved.
Experience has taught us that there are various tax elections and legislative options available to the taxpayer. Understanding how they fit together and can benefit you or your business is something only gained by long experience in dealing with the many intricate aspects of taxation. And a lot of lateral thinking. And being able to see how to avoid the pitfalls.
We have that knowledge and experience. Looking at the total picture, not just how one small aspect can affect you.
We don’t just recommend one course of action without considering how it affects other aspects of your financial position. A proposal might save you Income Tax, but we think about how it affects your Capital Gains Tax and Inheritance Tax position. How does the proposal interact with your children’s ability to apply for student loans; with your CSA assessment; or, with your opportunity to claim tax credits?
You need us to be one step ahead. We are often two steps ahead.
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