Taxation

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

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 value added tax.

Self Assessment

We have the expertise and software to take the headache out of the form filling and compliance aspect of Self Assessment. We can provide you with practical advice on personal tax and the planning opportunities available to you. Over recent years HMRC have increased the penalties for failing to file a return on time and for errors. We can complete tax returns, calculate any tax liability and advise you on exactly when to make payments and how much to pay.

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.

VAT

Preparing and submitting your VAT return can be a hassle. However, it is a tax that needs to be carefully managed. If you are a VAT-registered business, you need to submit a VAT return to HMRC on either a monthly, quarterly or annual basis.

A finished VAT return show how much your business owes HMRC, or whether you are due a VAT refund. There are some goods and services that are exempt from VAT. This can make the process a bit more confusing which is why having professionals manage it for you is the easiest way to make sure that it is being done correctly and efficiently.

It is important to get it right as if you make a mistake when submitting your VAT return or miss a deadline, then you may be penalised or have to pay surcharges.

With Making Tax Digital (MTD) taking effect from 01 April 2019, many businesses are looking for guidance on the effects of MTD and how to make sure that their business remains compliant. At Asta Accountants Ltd we have the expert knowledge to not only ease the burden of the VAT return process but also make sure you are still staying compliant.

We will help take the stress away by:

1. Carefully processing or reviewing your bookkeeping to check that everything is correct and in order.
2. Ensure all the VAT your business has been charged is claimed for
3. Keep you updated on any upcoming deadlines
4. Send you accurate figures HMRC so that you can rest easy knowing everything is correct.

Why not give us a call today to find out what we can do for you!

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 expert help and support.