Tax is one of life’s constants and we all end up paying tax in the end. We believe in a no-nonsense approach to tax that allows us to make sure you do not end up with a tax bill that is unfair. By looking at the whole picture we try to ensure you do not pay too much by making sure you claim for what is yours by right.

Our tax specialists maintain a professional and diligent approach when dealing with the tax authorities and this enables them to resolve difficult issues to the best advantage.

Whether we prepare your accounts or just act for you in your tax affairs Garside & Co will always do their best to get the right deal for you.

Corporate Tax

Understanding the full implications of tax legislation – and keeping up with new developments – takes an expert, and at Garside & Co we have a competent team of expert tax advisers to help you with your tax affairs. Our highly qualified tax consultants specialise in advising on complex and technical UK tax issues, and will ensure that your tax exposure is minimised.

Our key focus is on providing innovative and flexible solutions to your tax questions, and adapting them as circumstances and legislation change.

Our specialist tax services include:

  • Tax planning for companies of all sizes
  • Providing tax services for partnerships and unincorporated businesses
  • Advice on employee taxation, for both employers and employees
  • Guidance on VAT and other indirect taxes
  • Advising on capital gains implications, maximising exemptions and reliefs – for both business and non-business assets
  • Setting up, managing and advising on the tax implications of share option schemes
  • Advising on the UK implications of overseas assets and residence
  • Acting as professional executors and trustees
  • Ensuring that wills are drawn up in ways that maximise tax efficiency
  • Assisting executors with the entire process of probate

Partnership Tax

Partnership tax matters can be particularly complex. Our services include:

  • Preparation of partnership and partners’ tax computations and returns
  • Partnership tax planning
  • Partnership succession planning
  • Dealing with HM Revenue & Customs enquiries and investigations
  • Sales of businesses and business assets
  • Limited Liability Partnerships (LLP’s)

Self Employed Tax

As a sole trader one of your largest expenses will be your tax paid under the self-assessment system. We will help you plan ahead for the instalment payments in January and July and most importantly make sure that you’re not paying too much tax.

Our services include:

  • Preparation of business income tax computations
  • Income tax planning
  • Incorporating sole traders as limited companies
  • Business succession planning
  • Dealing with HM Revenue & Customs enquiries and investigations
  • Sales of businesses and business assets

Subcontractors Returns

If you are a self employed tradesman, we do all your paperwork so you can get on with your own work. We file your tax returns and claim any overpaid tax on your behalf as part of the Construction Industry Scheme (CIS). We appeal against fines for late filing and determinations imposed by your tax office with a view to getting them overturned.

We trace CIS vouchers if you have some missing and we claim tax refunds going back 6 years. We also do PAYE tax refunds. Normally, we would prefer to meet you face to face in the office, but we can also arrange everything by post and by phone and/or email.

VAT

VAT is an increasingly complex area with a constant stream of changes to the legislation. There are significant penalties of up to 15% of the VAT due for getting things wrong. We ensure that you comply with the legislation and, most of all, pay the right amount of VAT each quarter.

Our VAT services include:

  • Assistance with VAT registration, including the documentation to send off to ensure a trouble free registration process
  • Completion of the VAT return
  • Advice on the most appropriate VAT scheme for your business (for example, accruals or cash accounting, annual accounting or flat rate schemes)
  • Advice on VAT planning and administration
  • Completion of Intrastat forms
  • We also offer a VAT health check to make sure that your systems are set up to account for VAT correctly and that no under or overpayments are occurring.

Tax Investigation Insurance

There is no doubt that the HM Revenue and Customs are investing huge resources into investigating both individuals and businesses, in order to raise additional tax revenue.

These investigations can begin with:

  • Random PAYE/NI or VAT visits
  • An enquiry from the Revenue on a particular item in a set of company or sole trader/partnership accounts or a personal Tax Return (known as an aspect enquiry)
  • A request to see all the books and records for a particular year (known as a full enquiry)

Investigations can be opened because of an unusual item in the accounts or Tax Return or simply at random. You do not need to have done anything wrong to get an investigation.

One thing is for sure, it can be expensive in terms of professional fees to defend yourself.

We therefore recommend to all our clients that they take our ‘professional fee protection’. We arrange this for individuals, sole traders, partnerships and limited companies.

Would you like more information?

If you would like a no obligation discussion about your needs, or to find out more about the services we offer, please send us a message.

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