Taxation Services
Whitesides provide the full range of tax advisory services that you would expect from a forward-thinking firm of accountants, including:
Taxation services for individuals
Like it or not, we live in an increasingly complex world and as local and national governments struggle to balance their books, the individual is under tax-attack like never before. Whether you are an employee or business owner, an investor or approaching retirement, there has never been a more important time to get the best possible advice from a highly qualified firm of accountants. We not only structure your affairs to make them as tax-efficient as possible, but we will also stand up for you against HMRC and others where necessary.
Careful and effective planning can produce significant savings, so call us to arrange an appointment with our Chartered Tax Adviser to see how we can help.
Business Structure Healthcheck & Tax Review
We will make sure that your business is set up in the most tax-efficient vehicle for your earnings and wealth protection. We will carry out a review of your business structure to see whether any tax savings can be made by restructuring. On an annual basis, we will run through our latest Taxability checklist to make sure that full use is made of any reliefs available as part of our tax minimisation service.
Remuneration Planner
Our remuneration planner will help advise on the most tax-efficient way to take profits from your business.
Employee Benefits
We can assist you in reducing the burden of the compliance tasks and in planning tax-efficient remuneration packages for your employees.
HM Revenue & Customs Investigations
If you are unfortunate enough to be the subject of a tax investigation by HM Revenue & Customs it can be a stressful and worrying experience. HMRC staff often review cases on a ‘sample basis’; consequently, tax investigations have become more frequent. We have a wealth of experience in dealing with HMRC investigations. We have helped clients with enquiries into Self Assessment Returns, detailed enquiries and employer-related investigations into PAYE and P11d compliance, VAT and Corporate Tax investigations. If you are about to be the subject of an investigation, we can provide expert help and support. We also have insurance available to cover our costs in the event of an enquiry.
Taxation services for businesses
Successful tax planning comes from having tactically sound strategies and effective implementation. Whitesides offer you a range of proven tax strategies which lead to substantially reduced liabilities for both corporate and personal taxes.
We aim to provide you with complete peace of mind so will not recommend any strategy that we are not entirely comfortable with.
We have a number of tax planning options available to you including:
Dividend planning
We always look at the best way of structuring salary and dividend withdrawals and aim to make full use of the lower tax bands. Advice on the levels of dividend to draw forms part of our tax minimisation service.
R & D tax credits
We have a successful track record in dealing with R & D tax credit claims. This relief which has recently been enhanced by the government is open to many different types of business. Please consult us if you are planning new products to see whether your project costs qualify for the relief.
Limited liability partnerships
We can use these to add flexibility to our tax planning, particularly where you have a new business venture.
Business restructuring
We have experience of dealing with management buy ins and outs, and business sales. Please contact us to arrange an exploratory meeting if this is relevant to your situation.
Capital allowances claims
There are still opportunities to claim Capital Allowances on property fixtures. If this is relevant to your company, please contact up for no obligation meeting.
This is far from being an exhaustive list, but gives some idea of areas where we can help to save business taxes.
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