Focus on your work while we do accounting management for you

Taxation Services

Income tax legislation changes with each budget and forms become increasingly complex.

By appointing Raymond’s Accountants to take care of your affairs, you can rest assured that your tax affairs will be in order and submitted in a timely manner.

Our expert knowledge can benefit both individuals and companies in the form of comprehensive and professional services. Not only do we file your tax returns, we provide tailored tax advice based on your specific circumstances no matter what type of business you have.

Details of some taxation related services we provide are outlined below:

Soletraders & Partnerships:

Completion of personal Tax Returns and partnership tax computations and
advising on tax allowable expenditure.

Rental income and expenditure accounts & utilising relief available e.g. wear and tear allowance.

Self Assessment Tax and NI liabilities including advising on dates of tax due.

Capital gains Tax liabilities calculation incorporating relief available.

Personal tax planning services.

Inheritance tax planning

Limited Companies:

Advice on allowable business expenses to reduce tax liabilities.

Corporation Tax computations CT600, including claims for capital allowances, first year allowances.

Advising on the tax benefits or disadvantages of company cars.

Advise on group loss relief if applicable, management charges etc.

Company tax planning services.

Payroll:

Calculations of the Tax/NI on employees wages and salary from instruction.

Providing payslips and P60’s and P45’s.

Completion of P11ds including expense claims.

Advice on amounts and dates due for payment.

Operation of payroll based on new RTI system and monthly submission reports.

VAT:

 VAT Record Keeping

 VAT Annual Accounting Scheme

 VAT Cash Accounting Scheme

 VAT Flat Rate Scheme

 VAT Margin Schemes

 VAT Retail Schemes

VAT Option to Tax on property transactions

Advice on whether it is beneficial to register under this option to reclaim VAT back on VAT charged on purchase of property

Partial exemption rules and calculations

Actual registration to obtain OTT certificate

Completion of VAT returns for this registration and restriction of vat claimed
based on mixed use of premises if appliccable.

Our Services HMRC Investigations and Enquiries:

Tax consultancy advice to deal with HMRC enquiries, and liaising/meeting on behalf of clients with HMRC to final agreement/settlement.

We provide facilities to host the inspections and meetings at our premises to avoid disruption at client business premises.

Our support includes the following:

Personal tax enquiries (including soletraders & partnerships).

Corporation tax enquiries.

HM Revenue & Customs VAT disputes and enquiries.

Employer Compliance (payroll) disputes PAYE/P11D/NIC.

IR35 Disputes.

Option to tax cases based on commercial property transactions.

Resident and non-resident tax cases for Capital Gains Tax and Inheretence Tax.

Directors loan recycling enquiries

We offer our clients a fee protection service that pays up to £75,000 towards
professional costs in the event of HMRC enquiry.