If you are a freelancer, run a small business, or are a contractor, you won’t necessarily have the time or interest to understand the ins and outs of the UK tax system. For this reason, hiring a tax consultant can save you worry on taxes such as capital gains tax, reduce your tax burden, prevent you from having to pay penalties or fines, and free up your time for business development. Ideally, you should find a tax adviser well before the January deadline for self-assessment, to enable you to benefit from those whose skills are in high demand at this time of year and to make sure you are able to file on time.
An experienced tax accountant will work with you to meet your objectives and make sure you are paying the right amount of tax. He or she should review your tax affairs to make sure they are structured efficiently, and if they are not, the adviser should tell you how you could do things differently to save you money. Whenever you are looking for business tax advice, hiring the services of bespoke tax accountants will give you peace of mind.
Perrigo Consultants are your local tax consultants, and we can help you understand and adhere to your HMRC obligations, while making sure you are aware of any tax-saving opportunities that you are entitled to. For instance, we can advise you on the flat rate VAT scheme, R&D tax credits, employee shares and other tax-saving initiatives, and whether you are entitled to a tax rebate. We can help you prepare for the HMRC’s development of a digital tax system for business, self-employed people and landlords. Our team will also be pleased to advise you whether you should invest in insurance against tax investigation.
Based on our combined experience in this field, we can help you decide which structure is best for your company, whether that is a limited company, an LLP or as a sole trader/partnership. We will advise you on whether you need to be VAT registered, help you understand corporation tax, and assist you with any concerns you have about IR35 compliance or personal service companies. As chartered tax chartered tax advisers, we have the highest level of qualification in this field, and more than 20 years’ combined experience in chartered tax consulting.