Taxation

As tax advisers, our objective is to work closely with you to ensure you pay the minimum tax required by law.

Our advice will help you to understand the tax implications of your actions, in order that you can plan ahead and conduct your affairs in a tax efficient way.

The advice we provide will help you understand the tax implications of your business decisions so you can plan and conduct your business affairs in a tax efficient manner.

Research and Development Tax Credits

We have in-house R&D Tax specialists who cover the whole range of R&D Tax claims, whilst predominantly working in the Construction, Engineering, Manufacturing and Software sectors.

As experts on HMRC’s Research and Development Tax Credit schemes we can provide advice and, support you in submitting your claims. We provide a professional and friendly service – give us a call and we can chat through your options.

Corporation Tax Services

Under Corporation Tax Self-Assessment (CTSA), the legal responsibility for correctly calculating the corporation tax liability falls on business owners. We understand the issues facing owner-managed businesses and can prepare tax returns in a timely and efficient manner. We will also calculate your company's tax liability and assist with the calculation of any quarterly instalment payments due.

The increased reporting obligations, investigation policies on the part of the tax authorities and harsher penalties for non-compliance mean that your time and resources can be taken up with tax administration. We will help to minimise corporate tax exposure and relieve the administrative burden of compliance with current tax legislation. Effective corporate tax planning can also result in significant improvements in your bottom line.

Personal tax services (including sole-traders and partnerships)

We are specialists in income tax, capital gains tax and inheritance tax.

Self Assessment

Recently HMRC have increased the penalties for failing to complete a tax return on time or for making errors. Let us take away the pain of completing your Self-Assessment - we can complete tax returns on your behalf, fulfil any tax liability and advise when and how to make payments. We also provide practical advice on personal tax and tax planning opportunities available to you.

Personal tax planning

Everyone who is subject to taxation needs professional advice and support if they are to optimise their tax position and ensure they meet the compliance requirements. Our specialist tax team can provide you with year-round advice on all aspects of personal taxation.

Estate planning

Few of us like to think about dying; however, the relevant legislation requires us to plan well in advance. This means making the necessary provisions now and the earlier arrangements are made, the greater the chance of taking full advantage the many tax opportunities available within our complicated tax system.

When planning to transfer an estate it’s important to make adequate provision and getting the right balance requires considerable skill and foresight – along with detailed knowledge of the current tax regime. We provide a discreet comprehensive estate planning service that includes:

  • help with planning and reviewing a will
  • making full use of exemptions and lower tax rates on lifetime transfers
  • optimising lifetime transfers between family members
  • transferring agricultural or business property
  • transferring assets into trust
  • arranging adequate life assurance to cover potential inheritance tax liabilities.

VAT

Ever changing regulations and the growing demands of HMRC mean VAT compliance can be a difficult administrative process. We can ensure that you comply with the regulations and don’t make overpayments. To help you manage this complex area, we provide an efficient, cost-effective VAT service, which includes:

  • assistance with VAT registration
  • advice on VAT planning and administration
  • use of the most appropriate scheme
  • VAT control and reconciliation
  • help with completing VAT returns
  • planning to minimise future problems with HMRC
  • negotiating with HMRC in disputes and representing you at VAT tribunals if necessary.

HMRC Investigations and Enquiries

Being the subject of a tax investigation or enquiry by HMRC can be a stressful and worrying experience. We have a wealth of experience in dealing with HMRC investigations, whether they are enquiries into an individual’s Tax Return, more detailed enquiries into a company’s affairs or employer-related investigations into PAYE and P11d compliance. If you are the subject of an investigation, we can provide you with expert help and support.

Tax Protection

In light of the increased risk of an HMRC investigation we have put in place an annual insurance policy that protects our clients from the unexpected additional accountancy costs an investigation will incur. The amount of work will depend upon the complexity of the case but the cost could be substantial.

Insolvency service

We offer insolvency service through a well-established London firm of corporate and personal Insolvency Practitioners who provide a wide range of services and advice to small businesses and to individuals who are facing financial difficulties.

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BC&A Chartered Accountants, 161-163 Elm Grove, Southsea, Portsmouth PO5 1LU

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