Taxation
Stay compliant with our expert tax compliance, tax investigation and tax advisory services. Our team ensures that your business is up-to-date with all relevant regulations, giving you peace of mind. Stay compliant with confidence.
Who will pay tax?
An individual person whose income exceeds minimum income threshold for tax (for 2023-2024 tax year is £12,570) will pay tax.
A sole trader and a partnership firm is guided as an individual person and they will pay tax on their net income from sole trading business or called self-employed business and partnership firm.
A company will pay tax on its net profit.
Why do you need a tax consultant?
- Tax compliance with government policies
- Non-compliance can result in financial obligations and possible penalties. The worst thing that can happen is for your business to shut down due to non-compliance. In order to avoid all these, it’s best to hire a Tax consultant in London for your company
- Tax advisers can work in compliance, ensuring a client meets all tax obligations by preparing and submitting tax returns, tax computations and any other necessary forms.
- Tax legislations are changing frequently for giving fiscal benefits to the taxpayers and amending tax legislations, which affects tax returns, VAT returns. Tax Consultants and advisors keep their knowledge up-to-date to comply with tax laws effectively.
How come Edward Accountancy & Tax Services Ltd help you as your Tax Consultant?
- Our tax Consultants are well experienced to handle your business and personal affairs and file to provide you the best one-to-one tax advice.
- We are specialists in personal income tax, Corporation tax, VAT, Capital gains tax and inheritance tax.
- Being a tax consultant, we work closely with our client to ensure compliance of tax legislation and pays the minimum tax.
- We keep our clients’ personal data and information secure from third party access even within firm.
- We help our clients to understand the tax implications of their actions, in order that they can plan well ahead and conduct their affairs in a tax efficient way.
Corporate Tax Planning
Corporation tax usually represents a substantial part of your trading costs. Moreover, the increased reporting obligations, robust investigation policies on the part of the tax authorities, and harsher penalties for non-compliance mean that an undue amount of your time and resources can be taken up collecting revenue for the government.
At Edward, we have a dedicated team to provide a range of services to help you minimise your corporate tax exposure and relieve you of the administrative burden of complying with tax legislation.
These include:
- Determining the most tax-effective structure for your business.
- Taking full advantage of tax opportunities and reliefs
- Achieving the optimum capital or revenue tax treatment
- Reducing tax on disposals and
- maximising relief on acquisitions
- Making the most of tax opportunities specific to your industry
- Meeting the rigorous demands of compliance including corporation tax self-assessment
- Acting on your behalf in discussions with the tax authorities
Personal Tax Planning
Our specialist tax team can provide you with year-round advice on all aspects of personal taxation.
Our dedicated team can provide the following services:
- Advice on minimising tax liability for all personal taxes, including:
– Income tax
– Capital Gains Tax (CGT)
– Inheritance Tax (IHT)
– Completion and filing of relevant returns - Advice on which payments are due and when
- Advice on trusts and estates
- Every pound of income tax you save means more income at your disposal, every well-planned disposal of assets means minimal loss of capital gains, and every inheritance tax saving means more benefit for your beneficiaries.
Estate planning considers disposal of assets at death
We also have expertise in dealing with trusts; a relatively easy and very tax efficient way to set aside assets for future beneficiaries outside the inheritance tax net. We can advise on the most suitable type of trust to fulfil your wishes, assist in setting up the trust and provide the full range of accounting services required for trust management.
We provide expert advice for all size businesses.
We are committed to providing expert advice for businesses of all sizes. Whether you’re a startup, a small business, a mid-sized company, or a large corporation, our team of experienced professionals is equipped to offer customized guidance tailored to your unique needs.
