Taxation Services
Our Taxation Services department provides a number of services (detailed below) to a wide range of clients from single tax returns to large international corporate work.
Morag Davie and Graham McLelland oversee this department, assisted by an experienced team, including an ex-HMRC officer.
Services
- Preparation of Personal Tax Returns
- Preparation of Partnership Tax Returns
- Preparation of LLP Tax Returns
- Preparation of Corporate Tax Returns
- Producing Reports covering a wide range of Tax related subjects
- Advice on Personal Tax
- Advice on Partnership Tax
- Advice on Corporate Tax, including International Tax Advice
- Advice on Tax Mitigation Products
- Advice on Inheritance Tax
- Advice on Capital Gains Tax
- Advice on VAT
- Assistance with Tax Enquiries, Investigations and Tribunals
- Tax Planning
- Advice on mergers, reconstructions, purchases and sales
- Trusts
- EIS Applications and Advice
- R&D Tax Credit Applications and Advice
Over the years the tax regime is becoming more complex with tougher penalties for non-compliance and so getting the right tax advice at the right time could be vitally important to your business and/or your personal circumstances.
Tax Valuations
Any business reconstruction or company buy outs have tax consequences and many involve share and goodwill valuations. These valuations are complex and have a direct impact on the size of the tax charge and it is important therefore that these valuations are professionally prepared and we have the expertise to provide this service.
Company Mergers and Reorganisations, Company Buyouts
Although not essential, we always recommend that advance Revenue tax clearance is obtained before implementing any company restructure. This avoids any uncertainties and the possible risk of the Revenue challenging the restructure at a later date which could result in a large unexpected tax bill.
With the benefit of our experience on tax clearances we can assist and offer advise in the preparation of applications so that these are presented in a recognised format which should help speed up approval.
Research and Development Relief
Many companies may be eligible for enhanced relief on qualifying R&D expenditure and the possibility of claiming cash in the form of tax credits but the Revenue have started to review claims much more closely and also are becoming more stringent on the amount of claim being allowed. We have had a long association with the R&D Specialist Division and with this knowledge can assist with applications so that these are presented in an acceptable format to the Revenue to help reduce the approval time.
Enterprise Investment Schemes (EIS)
EIS are an attractive method for companies to raise funds to support future growth and allows investors to invest in qualifying trading companies with the benefit of tax relief or defer a capital gains tax charge.
With new Enterprise Investment Schemes we can attend to the completion of advance assurance applications and compliance statements in order to secure the issue of required tax relief certificates to the investors.
