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Taxation
What’s Included?
The HMRC can be very observant and carry out investigations and inquiries against anyone at random.We can help advise you on the triggers that often give rise to questions if a full explanation and understanding are not provided to the HMRC when submitting returns. We will carry out a Tax returns anti-investigation scanning check to identify areas that may lead to an inquiry or need additional information to be disclosed before they are submitted
Capital allowances are a tax saving system for when your business buys a capital asset.You could save your business thousands if you are entitled when claiming capital allowances. Our experts will help to reduce your tax bill if you’re not claiming each year for Capital Allowances.
Capital gains tax is payable on profits made from the sale of capital assets, shares, investments or property. These charges can be reduced with pre-planning and managed assistance with viable options to limit your tax liabilities. Our advisers will ensure you are confident with your financial position and options made available to you.
The Construction Industry Scheme (CIS) has special tax rules for subcontractors who work in the construction industry and how payments must be made. Contractors have to register for the scheme and submit CIS returns every month to notify HMRC of paid deductions. We work with many contractors in the industry and have years of experience. We deal with the preparation & submission of monthly CIS returns to HMRC and Registration for contractors and subcontractors.
Inheritance Tax (IHT) is payable by individuals who have inherited money or property from someone who has died. An individual becomes liable for Inheritance tax if the estate increases the £325,000 threshold. . We can advise you on your inheritance tax liabilities and other tax responsibilities. We will ensure that your inheritance tax obligations are taken care of within deadlines for submissions.
IR35 is shorthand legislation that allows HMRC to collect additional tax payments and National Insurance (NI) from a contractor who is an employee. . IR35 will affect the majority of businesses. . We will help and guide you to ensure you comply with the IR35 legislation by going through the existing contracts and offering any alterations or suggestions based on our professional’s knowledge and experience when dealing with IR35 affairs.
All partnerships must confirm profit shares and submit their tax returns every twelve months and on time. Tax returns need to be completed and separately for each partner involved. Our specialists will ensure that your tax return is correct and all partnership income sources records are accurate, providing they follow HMRC’s reporting standards.
Paying personal tax is a compulsory requirement on all individuals that have earned money from their income, savings pensions, or other benefits are liable to pay this. Our specialists will ensure you’re tax compliant and avoid any surprise penalties.
KBMS specialise in all types of property tax and acquisitions and disposals. We have experts on landlord’s income tax, non-resident landlord scheme, stamp duty and land tax (SDLT), development and investment advisors, and capital allowance claims. We also cover value-added tax (VAT), inheritance tax (IHT) and complex Transfers of a Going Concern (TOGC) matters.
The HMRC has powers to investigate income tax and corporation taxpayers’ at any time without warning. It can become very stressful and costly, especially with the ever-increasing probability of a full tax enquiry or investigation. We advise you to get cover for VAT, PAYE, IR35 and self-assessments. It’s impossible to determine when or how the Taxman will investigate you, but we can help you and limit the costs.
The Corporation Tax Self-Assessment (CTSA) deals with all administration and payment of Corporation tax. Under CTSA regulations, all business owners are legally liable to calculate their corporate taxes correctly. We can assist with personal tax your company’s tax calculations and minimise tax implications within an efficient and well-managed way.All documents are checked and appropriately completed before we submit the return time.
Benefits
Why choose this service
Tax Disputes
There may be times when there will be disagreements between the taxpayer and HMRC. Tax issues are not always straightforward to manage, and in such cases, we are happy to argue your case in the best way to achieve acceptable outcomes. Disputes can arise in different areas of a full enquiry and investigation. We have the specialist knowledge to assist with a wide range of tax disputes.
Tax Planning
The Completion of tax return documentation and statutory tax obligations are substantial. A professional accountant should complete them and advise you of your tax position and liabilities. . We endeavour numerous ways of saving tax and making sure you only pay the necessary amount. We have experience in this area of work. We always do are very best for our clients to help with tax planning
Tax Enquiries and investigation
Tax Enquiries and investigation . An investigation is not always a pleasant or straightforward experience, especially without an expert defence. If the HMRC select you at random, you will need an accountant who knows how the HMRC deal with such matters and will prepare to fight your case. We will ensure the Taxman follows their internal rules and regulations. We will support you all the way.
Wills & Trusts
We deal with all Wills and Trusts matters. Our specialists will help with estate planning, succession, inheritance tax needs, Trust accounting and tax matters on your behalf. We will structure wills and trusts efficiently to help minimize your inheritance tax liabilities. We will also ensure that your estate is set up in the most tax-efficient way and protect your assets for the future.
Testimonials
Some of our happy clients
I can't thank KBMS enough for his accounting services. His personalized approach and clear explanations have made tax season a breeze for me.
KBMS has given me peace of mind. There strategic financial planning has helped me achieve my long-term goals. I couldn't be happier with the results.
As a small business owner, I needed someone reliable and knowledgeable to handle my finances. KBMS has exceeded my expectations.
I used to dread tax season, but since I found KBMS it's become a breeze. They're responsive, knowledgeable, and genuinely care about their clients.
I've worked with several accountants in the past, but KBMS stands out. Their deep knowledge and commitment to excellence are truly impressive.
Frequently Asked Questions
Our Client Services Team is always happy to help you with any questions about our VAT services.
Call us on 020 3745 4449 or email info@kbmsaccountants.co.uk
Taxation services involve managing your tax obligations, including tax preparation, planning, and compliance. You need them to ensure you meet legal requirements, minimize tax liabilities, and make informed financial decisions.
We offer a comprehensive range of taxation services, including personal tax preparation, business tax planning, tax return filing and others.
Our taxation services can help you reduce your tax burden, maximize deductions and credits, avoid penalties, and ensure compliance with ever-changing tax laws. We aim to optimize your financial position.
If you have a complex financial situation, own a business, or simply want to ensure accuracy and maximize deductions, professional tax services can be highly beneficial. We can help you navigate the complexities of the tax code.
Emily Turner