The UK tax rules are ever changing and extremely complex. It can be difficult to keep up to date on all areas of tax which is why we work with a number of tax experts from across the UK. This enables us to offer a wide range of tax services and specialisms to all our clients and ensure we are your first of call for all tax planning and advice, as and when required.

Wherever possible we will work on fixed fees, giving you the peace of mind that there will be no surprise bills. Our initial discussions are free and so you have nothing to lose in finding out how we can help you.

Given that there can be a tax impact from most changes please do ask us in advance and we will strive to help you minimise any tax burden.

In this brochure we have summarised some of the services that you can enjoy from us and our panel of experts. If you require a service that is not listed here please do ask us as we may be able to help.

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How we can help you

Tax savings to grow your company

We can help save tax to invest in your company by;

• Ensuring the business structure is the most tax efficient for your circumstances,
• Considering the options in respect of profit extraction and remuneration to minimise tax,
• Helping with exit or succession planning to save tax for all parties,
• Undertaking a company car review to identify the most tax efficient options available,
• Review and where appropriate make claim for Research & Development Tax Credits,
• Identify and where appropriate make claim for Patent Box to reduce the company tax liability,
• Identify and where appropriate make claim for Creative tax relief to reduce the company tax liability,
• Dealing with business wills and other possible protection to reduce possible unforeseen costs,
• Providing VAT/Customs advice and support where needed to ensure the tax burden is kept to a minimum,
• Undertaking an IR35 review if appropriate and providing advice to avoid the extra tax,
• Implementing and maintaining share schemes to incentivise individuals and reduce the tax burden, and
• Undertaking share valuations for tax purposes,
• Administering the payroll process including the monitoring of auto-enrolment.

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Saving tax for sole traders and partnerships

 We can help save your business tax by;

• Ensuring the business structure is the most tax efficient for your circumstances,
• Helping with exit or succession planning to save tax for all parties,
• Undertaking business valuations for tax purposes,
• Dealing with business wills and other possible protection to reduce possible unforeseen costs, and
• Undertaking IR35 review if appropriate and providing advice to avoid the extra tax,
• Administering the payroll process including the monitoring of auto-enrolment.

Save tax on your commercial property

We can help save tax on your commercial property (including Furnished Holiday Lets) by;

• Providing advice on how to structure the disposal or acquisition of the property, 
• Undertaking capital allowance reviews on the property to identify possible tax savings, 
• Undertake a Land and Building Transaction Tax (Scotland) Land Transaction Tax (Wales) and Stamp Duty Land Tax (rest of UK) review to identify possible savings, and
• Providing VAT advice and support where needed to ensure the tax burden is kept to a minimum

Save tax on your residential property 

We can help save tax on your property by;

• Providing advice on how to structure the disposal or acquisition of the property,
• Undertake a Land and Building Transaction Tax (Scotland) Land Transaction Tax (Wales) and Stamp Duty Land Tax (rest of UK) review to identify possible savings, and 
• Providing VAT advice and support where needed to ensure the tax burden is kept to a minimum.
  

Protecting your wealth

We can help protect your wealth by

• Ensuring a tax efficient Will is in place and it is reviewed regularly.
• Calculating the value of your Estate and forewarning you of any potential Inheritance Tax liability
• Exploring with you ways to reduce the Inheritance Tax liability and asset protection by considering fully utilising reliefs and exemptions, outright gifts, the use of trusts during your lifetime or upon death and deeds of variation.
• Dealing with the deceased’s tax affairs and that of the Estate during the administration period.
• Putting together any trust accounts and tax returns and advising on the tax issues.

Reducing your personal tax burden 

We can help you personally save tax by

• Undertaking a review of your full personal circumstances to identify possible tax savings,
• Providing bespoke tax planning to reduce annual and one-off tax bills, and
• Undertake a pension allowance review to ensure you avoid the pension tax charge.

International issues 

We can help reduce tax by;

• Undertaking a Domicile review and provide planning advice to minimise the tax burden,
• Carrying out a Residency review and provide planning advice to minimise the tax burden,
• Providing VAT and customs advice and support in respect of business, and
• Ensuring the business structure is the most tax efficient for the circumstances.

Dealing with HMRC 

We can help protect your wealth by

• Dealing with HMRC enquiries and ensure the tax is kept to a minimum, and
• Dealing with disputes with HMRC to ensure all penalties, interest and tax are kept to a minimum.

Help obtaining Grant funding 

We can help you acquire Grant funding largely centred around Research and Development and Patent Box.

Please do let us help you

Let us help you save tax and improve your wealth with our various tax services. We can provide a wide range of tax services to help you save significant amounts of tax across many scenarios. Whether we deal with your issues in house or use one of our panel of tax experts, we can help.

If you are ever unsure if there is an issue or there are potential tax savings to be enjoyed, then by all means talk to us first. Remember there can be tax consequences from most financial decisions whether the impact is now or in the future. If we are involved at an early stage there can usually be many more options available to you.

Using our panel of experts

In some circumstances, commissions may become payable to us or one of our associates in respect of transactions or planning we help arrange for you using our panel of experts, in which case we will let you know upfront of the potential. At this point we know more information we will provide in writing the amount and terms of any such payment in accordance with our letter of engagement.

Please do contact us;

Telephone: 028 66 329 255

Email: eamonn@corriganandco.com