Our overall aim is to minimise the taxation paid by the client, either through PAYE, income tax and corporation tax. For start-up companies we assist owners in setting up the most suitable type of company viz sole trader, partnership or limited company.
For some existing companies, it may be beneficial to change the type of organisation to reduce tax being paid.
Compulsory VAT registration is required for companies with a turnover of more than £85,000 per annum. Sometimes it is beneficial to be voluntarily registered for VAT below this level, to ensure that VAT on business expenses are recovered.
For self-employed persons, there are various opportunities to ensure that eligible costs are offset against taxable income eg home working.
As many people like the ‘baby boomers’ are either nearing or at retirement, we can advise on pension provision through our associate Independent Financial Adviser. We also can advise on Inheritance tax planning.
We’ll give fair impartial advice and we may even tell you it’s not worth doing it or how to do it cheaper.
As a Chartered Accountant practice, we are able to provide all accounting, tax and payroll support services.
We carry out capacity building in scores of charities and social enterprises across Scotland.