Business Tax
McDade Roberts has a wealth of experience and knowledge in dealing with family and owner managed businesses.
We ensure that all the company’s obligations are met timely by dealing with all H.M. Revenue & Customs correspondence and enquiries, enabling you - the owners - to concentrate on the business itself. However, that is not all. We are focussed on being proactive and thinking laterally, thus giving you all the options so that you can make an informed choice on which route to pursue.
We regularly advise owners on re-organisations, succession issues, sales and acquisitions, buy-outs etc. Our advice is always commercial and tax efficient and takes into account all relevant issues.
Tax efficient profit extraction and remuneration packages are a hot topic for us. We work with many of our clients to explore ways of extracting profits from their businesses as tax efficiently as possible. Our commitment to technical excellence means that we continually strive to put the best tax strategies to you because it’s not our place to make that decision for you – we want you to make an informed choice.
Our services include:-
- Compliance
- Mitigation
- Remuneration Planning and Profit Extraction
- VAT
- Tax Enquiries and Investigations
Compliance
Our experienced team are committed to helping you to meet your tax obligations, taking away the concern and worry and allowing you to get on with running your business. We adopt a fresh approach to give you sound commercial advice.
Included in such services are:
Planning to minimise your Corporate and/or Personal Tax liabilities.
Preparation of tax computations and associated Tax Returns.
Advising on the timing and amount of tax payments due.
Preparing or assisting you to prepare tax provisions for statutory or management accounts.
Assistance with or the actual completion of the forms P11D and advising on NIC due.
Liaising with H M Revenue & Customs.
Mitigation
McDade Roberts ensures that the very latest Tax mitigation strategies are available to you.
These are by their very nature complex but we are able to bring the experts to you to ensure that the most suitable strategies for your circumstances are available, enabling you to have the opportunity to make substantial savings.
Currently we are aware of mitigation strategies covering:-
- Corporate Tax – including Capital Gains
- Profit Extraction
- Stamp Duty Land Tax
Remuneration Planning and Profit Extraction
Tax efficient remuneration planning is one of the core planning techniques we use to ensure retention and to maximise tax and cashflow savings.
We can advise you on the opportunities available including the use of dividends, benefits, employee benefit trusts and share schemes, bringing to you the latest tax mitigation strategies so that you can make an informed choice.
VAT
McDade Roberts will gladly help you with the VAT obligations placed on you.
We can ensure you are compliant by preparing and submitting your VAT returns. We will offer advice regarding VAT registration and the respective merits of the various schemes available.
We are experienced in both UK and International matters and can advise on any VAT matters that may arise. We aim to add value by timely planning to mitigate any VAT liabilities.
Tax Investigations
Many clients already have the benefit of cover under our fee protection scheme with Abbey Tax Protection Limited, which is designed to provide cover in the event of an HMRC investigation.
From April 2009, Inspectors have increased powers when undertaking investigations which could result in enquiries becoming even longer and more difficult to handle. With the bleak economic conditions forecast to continue for some time and with many businesses battling to maintain cashflow, could you afford the costs of an unexpected tax investigation?
We are able to secure preferential rates and terms through Abbey Tax Protection Limited on a group basis. The cover is to a maximum of £75,000 per claim for professional fees (including accountancy and expert tribunal representation expenses) incurred in the preparation and presentation of a response to an in-depth enquiry or to an appeal to the relevant Tax authority.
In addition to the insurance, Abbey Tax also provides a legal telephone advice facility, which provides support to businesses with Employment Law, Health & Safety and Commercial issues. This is available at no extra charge to those clients who subscribe to the Fee Protection Insurance.