Business
Taxes

In addition to the compliance services (preparation and submission of tax returns) that you would expect, we can advise clients on the following specialist services:

• Business start-up and structuring
• Remuneration planning
• Research and development tax credit claims
• Group tax issues, including group relief claims, group payment on account arrangements, substantial shareholding exemptions and group reconstructions
• Employee incentive planning
• Share option schemes — including Enterprise Management Incentive schemes
• Exit and succession planning
• Company purchase of own shares
• Mergers and acquisitions
• Demergers and other business splits
• Liquidations
• Transfer-pricing and interaction with overseas tax regimes

Making tax digital

As the deadline date has been delayed once again in late 2022 for making tax digital, it has offered businesses time to draw breath. However, the new deadline will be here before we know it.

What does this mean for you?

Making tax digital is a key part of the government’s future tax administration strategy. It will mean businesses and individuals to keep digital records of their accounts, use software that complies with the Making Tax Digital requirements, and submit quarterly updates (which will bring the tax system closer to real-time).

When are the deadlines?

Any VAT-registered business must keep digital records and file tax returns using compatible software.

If you are self-employed or a landlord, then you will be required to follow the Making Tax Digital requirements for income tax from:

• 6 April 2026 – if you have annual property or business income of more than £50,000
• April 2027 – if you have annual property or business income of more than £30,000

Do you need help preparing your business for the changes? If so, speak to a member of the team today.

Tax Investigation Fee Service

We’re here to help you manage all tax enquiries. It’s vital to be led by the most up-to-date specialist advice and guidance when dealing with HMRC, so why not let us lighten the load? Contact our helpdesk for more information.