We are leading firm of tax accountants delivering a value-added service to private clients, high net worth individuals (HNWIs), executives, City professionals, entrepreneurs, company directors, sportsmen/women, entertainers, property/land owners, members of the legal and medical professions. Our specialists are proactive and challenging thinkers who will support your short term goals and long term aims. If you are looking to for a tax expert contact us today. Accounting and Tax Services

We all have to do it, and although it may seem like a hassle at times, it is important as a society for us to pay taxes for a myriad of reasons. There are so many different types of taxes that it can often seem overwhelming, but with the right knowledge and advice, it does not have to be. The main tax that most people have to deal with, and sometimes requires advanced tax planning for, is income tax; the tax that you must pay on your own earnings and income. The taxes that you are required to pay can include earnings from employment, any profit from self-employed earnings, pensions, any benefits you receive from your employer, the income you receive from a trust, and any rental income.

In the UK, as with most countries, not only are individuals responsible for paying taxes but businesses are obligated to as well no matter their size. In order to keep your business in smooth operation, paying the correct taxes in the correct time frame is of high importance. We as professional Tax Accountants pride ourselves one of the finest in the UK providing business tax services to small business and individuals. Corporation taxes are placed on the taxable income of limited companies, different assortments of clubs, societies, unincorporated entities and numerous associations. This tax is the fourth largest source of revenue for the UK government. Before this tax was in effect, individuals and companies would pay the same income taxes, but with an extra profit tax that was levied on companies and businesses. Companies now have to calculate their tax liabilities and are also liable to pay the calculated tax, even without a previous assessment.

A professional specialist tax accountant will let you know about tax relief methods and government programs that will allow you to save more of your money, or get subsidies to help offset the costs of things you’re already spending your money on. A good accountancy firm will be able to serve you far beyond those two core needs. If you deal with financial institutions in your daily life such as banks, investment companies, or any other institution that deals with your finances, and you fear there may have been an error either in the money you’ve been charged or received, the best way to articulately state your case is to hire the services of a forensic accountant. They will review your books and your investments to objectively determine the true amount of money that should have changed hands. This can also help you to make your case to the Financial Ombudsman, if the institution you have a dispute with does not help to resolve your issue.

The list of financial activities you may need to disclose to the government in your taxes have grown in the past few years. You must ensure that you stay on top of your books, or else you may face penalties if you accidentally leave some form of income out of your taxes and HMRC discover this. However, if you discover you have made a genuine error in declaring your taxes to the government and wish to voluntarily disclose this extra income in a reasonable timeframe, you will not be penalized. For the majority of citizens, the list of taxes that must be disclosed is quite simple; income taxes, corporate taxes, taxes on capital gains, and contributions to National Insurance. If you find the burden of taxes slowly becoming heavier, you may be interested in hiring a specialist accountant, to see what opportunities for tax relief are available to you.

Tax Appeals and Tax Disputes are not easy to handle and may take time for resolution. The first point of contact is HMRC directly and see if tax assessment can be revised or dispute can be resolved without going to Tax tribunal. Once HMRC informs of their initial decision and If we still disagree with the decision, we advise you of three options according to the nature of tax decision or dispute naming; Alternative Dispute Resolution, a Statutory Review or a Tax Tribunal.

Tax Accountant Fort Dunlop, Fort Parkway, Birmingham, B24 9FE