Business Tax Services

Our full tax review of your business will determine the most efficient tax structure for you and usually result in considerable tax savings. We want to help you to minimise your business tax liabilities, make the most of any available reliefs, tax losses and deferment opportunities. In addition, by ensuring that you meet all of your Corporation Tax and Self Assessment deadlines, and filing your returns correctly, we avoid any potential penalties. In addition to advising you on your business tax planning we can also represent you in any communication with the tax authorities, taking the stress out of this situation and translating the jargon for you.

COMPANY TAX RETURNS

Whatever your business size or type, you will need to file an annual tax return for your company. Sole traders and limited companies, whilst not required to complete a company tax return, are however required to complete a self-assessment. 
 
As HRMC comes under increased pressure to ensure that all companies are meeting their reporting obligations, the onus on companies to ensure that they are filing accurate and timely returns has never been greater, nor has the potential for a hefty fine.
 
We understand how time consuming your tax compliance can be. At CN Tax & Consultancy we have the experience and expertise to take the stress out of your tax compliance and administration by taking the burden away from you, dealing with every aspect of your return, whilst mitigating your tax exposure.

RENUMERATION PLANNING

It is vital when running your business that you structure the extraction of your profits in an effective manner, but equally as important is the provision of a tax efficient remuneration scheme which will help you to attract and retain staff.

Providing company cars, benefits in kind, salary sacrifice arrangements and child care vouchers are all important ways in which you can offer remuneration for staff in a way which is tax efficient for both them and you.

There are a number of ways in which you can plan for remuneration, whether you are operating a large organisation or a small limited company. Through careful consideration of options such as extraction by way of dividend can maximise tax efficiencies, but equally will require detailed planning if you are to meet your obligations for ongoing National Insurance contributions, national minimum wage regulations and tax liabilities, whether this is through PAYE or by Self-Assessment. This can also have an impact on Corporation Tax Relief.

By taking the time to understand your business we can identify ways in which you can maximise available tax reliefs and Government approved schemes, whilst ensuring that you are meeting your obligations to both HMRC and your staff.

HMRC INVESTIGATIONS

Being the subject of a tax investigation by the HMRC can be a stressful and worrying experience. 

With the onset of personal and corporate self-assessment, HMRC staff can now review cases on a 'sample basis'; consequently, tax investigations have become more frequent. 

We have a wealth of experience in dealing with HMRC investigations, whether they are enquiries into an individual's tax return under the Self Assessment regime, more detailed enquiries or employer-related investigations into PAYE and P11D compliance. 

If you are about to be the subject of an investigation, we can provide expert help and support.