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Our core taxation services consist of:
Contractors and IR35
If you are working for a business through your own limited company or partnership in order to avoid employment status in that organisation, then the provisions of IR35 may apply to you.
If you would like a consultation to discuss the tax aspects of contracting this way in more detail, please contact us.
Our Services for contractors includes everything you would normally expect, plus…
For more information, see our IR35 and contractors helpsheet.
Employee remuneration planning
Good remuneration packages are important in attracting and keep the right quality staff.
We offer comprehensive advice on all employment tax issues including:
The question as to whether someone is employed or self employed is not as straightforward as it might appear. Many people wrongly assume they are free to choose, but this is simply not the case. Although some cases are clear-cut, it is very often difficult for an organisation to make the correct decision on whether a worker should be engaged as self employed or not. The following factors should be taken into consideration…
Fundamental factors to consider:
Other factors to consider:
These are often matters of general employment law, and not specific tax legislation. There is an enormous amount of case law in this area and HMRC are not always right. HMRC do not have the final say on whether somebody is self-employed or not. We can argue your case and take it before the Tax Tribunal if required to do so.
While the question of employment or self-employment may seem innocuous enough, the cost of getting it wrong could be enormous. In the event of a successful challenge by the HMRC, not only is there the question of settling arrears of PAYE andnational insurance,but being classified as an employee also gives rise to employment rights such as holiday pay, maternity pay, unfair dismissal etc..
We can review your existing arrangements and give you our opinion on whether workers have been correctly classified as employed or self employed.
Inheritance tax planning
Wealth succession planning enables a smooth transition of your family assets to the next generation whilst minimising tax liabilities.
We can advise upon:
However, estate planning is not solely about tax and above all else we adopt a common sense approach, helping you to secure your own financial needs.
Payroll, PAYE Returns and RTI
Payroll is complicated and has to be done on time and you as the employer are responsible for the mistakes.
We can run weekly or monthly payrolls on time and provide a tailor made service for your business including:
And the related tax planning advice:
Beyond the payroll compliance service, we offer comprehensive advice on all employment tax issues including…
Personal and business tax
Tax services are available both for business owners and private individuals including:
If you are a buy to let investor or property dealer or developer we can advise you on issues such as:
It is an unfortunate fact of business life that from time to time there will be disagreement between the taxpayer and HMRC. Sometimes the dispute revolves around the simple facts of the case , but it is also often the legislation itself that is in question. . Tax is not always black and white, but often a shade of grey and where this is the case we will always argue on your behalf in the strongest possible terms.
As a taxpayer you also have many rights and we will ensure they are never forgotten by HMRC in their dealings with you.
Disputes can arise in all sorts of areas outside of full enquiries and investigations including:
We can assist with all of the above
Tax enquiries and investigations
It is an unfortunate fact of a taxpayer’s life that you may well come under enquiry by HMRC as they investigate tax returns at random as well as for targeted reasons. A full investigation is always a worrying experience for the taxpayer, but we can guide you through the process every step of the way, providing all the support you require. You can also reduce the financial burden of the cost of our time to represent you by taking out our tax investigation fee protection service.
There are various penalties HMRC can seek to impose following an enquiry. As well as having to pay the tax, they will seek penalties which can be up to an amount of 100% of the tax, plus interest on late payment.. We can help you minimize such penalties.
Reducing the risk
We can help reduce the risk of a targeted investigation into your affairs as we know the triggers that can lead to enquiries. Where appropriate, we will discuss any such items with you before submitting your returns and we will ensure that sufficient explanation is given to HMRC in order to reduce the risk of an enquiry.
Tax investigation fee protection
HMRC has powers to investigate all tax payers at random.
With the ever increasing risks of full tax enquiries and investigations, it is worth considering protecting yourself from the related accountancy costs as the amount of work involved is often substantial.
You can purchase cover for the following for as little as £90 per year:
Even if HMRC finds nothing as a result of any investigation, you will still have unexpected professional fees to pay as a result and in most cases our tax investigation fee protection cover will cover the full cost.
You are entitled to arrange your affairs as you see fit to legally reduce your tax burden.
Whilst meeting your statutory tax obligations is important we are interested in maximising your tax planning opportunities in addition to the basic compliance work.
We can assist with tax planning in relation to:
In addition to extensive experience in these areas we invest heavily in our reference materials and specialist software enabling us to research any tax related matter and provide many ways of helping you legally save tax.
It is important that this work is done in advance and you should contact us as soon as possible and before any action is taken.
All of our Tax Planning makes legitimate use of the Tax Legislation and Case Law, so that you are not put at additional risk from a full HMRC Enquiry, or where there are risks, these are pointed out to you.
Tax returns and self assessment
Tax Returns can be completed for:
Tax compliance is a complex area. It’s important that:
As well as the completion of your return we can assist with:
Trusts aren’t just for the very wealthy, they can be used as part of a wealth protection strategy to protect assets as well as tax planning vehicles, particularly as part of inheritance tax planning.
We can advise on the setting up and running of:
We can deal with all trust accounting and tax matters on your behalf.
VAT planning and disputes
VAT is becoming ever more complex. We can help you with advice on the VAT schemes suitable to your business and dealing with VAT control visits as well.
We can assist with:
It is important that your VAT returns are completed correctly.
There are three methods we can use to assist in completion of VAT returns:
We will always complete VAT returns in good time to ensure you avoid any penalties.
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Nigel Webster & Co, 129 North Hill
Plymouth, PL4 8JY
Tel: 01752 670 066
Fax: 01752 663 726
Monday – Thursday: 9:00 – 17:15
Friday: 9:00 – 14:00
Saturday & Sunday: Closed