Business Tax

Reliable Business Tax Services

We offer a wide range of services to help you to minimise your business tax exposure and to enable more efficient planning for your proposed future activities, whilst ensuring your business complies with all the latest tax legislation. For further information on some of the services offered, please select the appropriate service below or contact us:

Business Tax Planning

Doing the sums

 

Effective tax planning can result in significant improvements in your bottom line profit. To help you to achieve your business objectives we can look to your future expectations and advise you as to the most tax efficient structure for your business. We can also advise you in relation to the tax implications of particular activities and help you understand the obligations imposed on your business.

Should you have require further information or would like to speak to one of our tax specialists then please contact us.

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Full Business Tax Compliance Support

Under both Corporate and Personal Tax Self Assessment, the legal responsibility for correctly calculating the business tax liability falls squarely on the business owners. We understand the issues facing owner-managed businesses and can prepare tax returns and a computation of your businesses tax liability in a well-timed and efficient manner.

Should you have require further information or would like to speak to one of our tax specialists then please contact us.

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Payroll Assistance

With the ever increasing burden of red tape and complex legislation being imposed on employers, it can seem a daunting task to take on employees. We provide a full payroll bureau service, which includes calculating the tax due, providing detailed payslips, dealing with, attachment of earnings and all payroll related issues for employers with any number of employees.

This allows you as an employer to concentrate on your business and be safe in the knowledge that your payroll requirements are being taken care of.

Should you require further information or would like to speak to one of our tax specialists then please contact us.

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Benefits in Kind (P11D’s)

We provide assistance with the reporting of all benefits in kind, such as company cars, medical insurance etc on forms P11D or PAYE settlement agreements each tax year.

We can also provide advice in relation to the provision of benefits to your employees, such as the implications of company cars versus personal cars for business purposes or medical insurance.

Essex Abel can assist you in setting up a system for reimbursing expenses to employees and agree the system with the Inland Revenue in order to avoid the reporting of the reimbursement of business expenses to them each year, reducing the administrative burden on your business.

Should you require further information or would like to speak to one of our tax specialists then please contact us.

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VAT Assistance

Calculating the VAT


This is a fast moving area with ever changing regulations which can be hard for owner managed businesses to keep up with. The demands that are now placed upon VAT registered businesses are on the increase and compliance can become a heavy administrative burden on your business.

We can help to ensure that you are aware of these regulations and remain informed of recent developments to ease the preparation of your VAT return. To help you manage this area we can provide many efficient and cost effective services to ensure that you remain up to date with the authorities, such as;

  • Advice as to whether or not you are required to be registered for VAT purposes
  • Assisting with the registration of your business
  • Finding and advising you on the most effective and appropriate scheme to operate
  • Assisting with monthly or quarterly VAT return preparation
  • Advice on VAT planning and administration
  • Dealing with any disputes or queries arising with the HM Revenue & Customs

Should you require further information or would like to speak to one of our tax specialists then please contact us.

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Tax Efficient Remuneration Planning

Are you aware of the various ways of extracting profits from your business and the most tax efficient structures to ensure that you maximize your income levels. We can take the worry out of how best to do this by planning ahead and monitoring your income levels to make sure that you are operating your business tax efficiently.

Should you require further information or would like to speak to one of our tax specialists then please contact us.

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Business Acquisition/Sale Planning

If you are looking to buy or sell a business then we can advise you in relation to the tax effects of the proposed transaction and assist you to structure the acquisition or sale in the most tax efficient manner.

Should you require further information or would like to speak to one of our tax specialists then please contact us.

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Inland Revenue Investigations/Enquiry


Being the subject of an official investigation by the Inland Revenue can be a stressful and worrying time for any business owner, as well as a potentially expensive one. The increasing sophisticated system and sources of information available to the Inland Revenue allow them to target their enquiries to businesses they consider to be a high risk (even if you business operates to the letter of the law); however, there are still a number of random cases being selected for enquiry. The areas that can be investigated range from a few simple queries into one or two areas of your affairs or a full detailed enquiry into all of your business affairs, including a detailed examination of your business records. Our tax team is very experienced at dealing with the Inland Revenue and we have an excellent understanding of how to handle and deal with these enquiries should you be unfortunate to be investigated. Our expert help and support will assist in ensuring that the investigation goes as smoothly as possible.

Should you require further information or would like to speak to one of our tax specialists then please contact us.

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Tax Sure Insurance

Happy with the results

The fees involved in dealing with Inland Revenue investigations detailed above can range from £250 for a few simple queries to over £5,000 for a full detailed enquiry into your affairs. This is an unexpected and unwelcome cost to businesses and therefore we offer an insurance scheme provided by IRPC, which provides your with that extra peace of mind should an investigation ever arise and will cover you for all professional costs* associated with dealing with the enquiry.
*Subject to excess

Should you require further information or would like to speak to one of our tax specialists then please contact us.

 

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