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Business Tax
 It
may seem difficult to carry out tax planning for your
business without knowledge of future events,
which are, of course, impossible to predict.
However, you can plan ahead, by being aware of all
aspects of tax, allowances, exemptions and deadlines.
Engaging a firm of Chartered Accountants, which has
all this knowledge and is only a phone call away,
will relieve you of any concerns and could lead to
reductions in your tax liabilities.
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Tax Planning
 It
may seem an impossible task to make sense of personal
tax allowances, and to be aware of your exact entitlement.
Do you sometimes wish that it would all take care of
itself?
Engaging a firm of Chartered Accountants who will work
with you on a one to one basis and explain your individual
case, in plain English, could result in tax savings
for you.
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VAT Planning & Compliance
 VAT
has never been a simple tax and over recent years this
has become increasingly so following the introduction
by H M Customs and Excise of complex anti-avoidance
legislation. Yet, because VAT is a self-assessed tax,
businesses are expected to correctly interpret and implement
the law and keep abreast of the rapid changes arising
out of case law. Failure to do so can result in businesses
facing penalties, surcharges and interest charges -
not to mention potentially significant VAT arrears.
Here at Clive Owen & Co LLP we
have the expertise and experience to help you navigate
through the maze of VAT by offering you professional
and practical advice on how it interacts with your
individual business circumstances. |
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We
are able to provide you with a complete VAT
service, including advice and assistance with: |
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General
compliance issues such as VAT registration
/ de-registration, the completion and timely
rendering of VAT returns and improvement of
VAT cashflow. |
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The
VAT return and statistical reporting requirements
arising from EU and import/export trading
activities. |
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The
selection and operation of retail schemes
and special margin schemes for tour operators
and second-hand goods dealers to minimise
output tax liabilities. |
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The
selection of methods to maximise input tax
recovery, especially in partial exemption
and ‘non-business’ situations. |
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How
VAT interacts with new business developments
such as the Euro, e-commerce and electronic
filing of information. |
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The
more complicated areas of VAT legislation
such as land and property transactions, the
election to waive exemption, the sale of businesses
and charitable activities. |
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Should
things go wrong a comprehensive VAT dispute
service, including the reviewing of VAT assessments,
the submission of requests for local reviews
and formal appeals to the VAT and Duties Tribunal. |
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Having
access to this specialist VAT service means
you do not have to worry about falling into
the many VAT pitfalls that exist and allows
you to concentrate on what you do best - making
a success of your business. |
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If
you would like to find out more or have
any questions contact Peter
Hogan (Partner) at
Darlington and York or Nicola
Bellerby (Partner) at
Durham. |
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