Tax

Personal tax

The needs of individuals are complex and despite the governments claim to have simplified the tax system with the introduction of Self-Assessment regime many tax payers struggle to complete their returns correctly.

Our tax team will ensure that all the statutory requirements under current tax legislation are met but more importantly will review your individual circumstances to ensure you are taking advantage of opportunities to minimise your tax position.

 

Corporate tax

Our tax compliance service is second to none and we can guide you through the minefield of the various tax returns, assisting you with the preparation of returns and letting you know well in advance of due dates for submission of returns and payments of tax.

As part of our tax compliance service, and unlike many other firms of accountants, we spend a little extra time looking at your returns to see whether there are any beneficial claims that can be made to reduce or postpone your tax bill. All part of the service.

If you need help with your tax return or would like us to see if we can reduce your tax, please contact us.

 

Tax planning

All businesses and individuals need to control their overheads and Garratts are firm believers that the tax cost should be controlled in the same way as other overheads such as wages and electricity.

Almost all commercial decisions have a tax impact and whilst tax should not be the main driver behind any commercial decision, the tax effect should always be taken into account.

With effective tax planning, it is possible to positively increase the benefit of commercial decisions, negotiations and the structuring of transactions. We urge all of our clients to liaise before and during the decision making process so that the most effective tax result can be achieved.

Garratts has extensive experience advising clients on tax planning in many areas including, Land Remediation Relief, Research & Development Tax Credits, Furnished Holiday Letting claims, Capital Allowance claims, Pension planning, Trusts, Wills and remuneration packages to name a few.

If you want to manage your tax cost, speak to us about tax planning.

Contact us