James and Uzzell offer a proactive approach to tax planning.
Whether we are dealing with corporate tax, personal tax, Value Added Tax (VAT), Inheritance Tax (IHT) or Capital Gains Tax (CGT) we can help you plan, prepare and submit your returns.
Corporate Tax
All UK companies pay Corporation Tax on their assessable profits. Companies are responsible for paying the correct amount of tax on the due dates and submitting the correct returns to HMRC.
James and Uzzell provide a corporate tax planning service whereby we can send you a forecast for the year, usually around the nine-month stage, that provides an estimate of your corporation tax. Our pre- and post-year-end planning helps us to look for areas where we can manage your tax liability.
Personal Tax
As is the case with most accountants, we can prepare and submit your self-assessment tax returns. But at James and Uzzell, our proactive approach calculates your liabilities in advance to take account of changes in circumstances and legislation, managing your payments on account as well as your balancing payments. We will also review your sources of income and ensure all allowances and reliefs are claimed where available
VAT
If you are a VAT-registered business, you need to submit a VAT return to HMRC on either a monthly, quarterly or annual basis. A completed VAT return shows how much is owed to HMRC or whether you are due a refund.
Preparing and submitting a VAT return can be time-consuming and tedious. With the introduction of the Making Tax Digital initiative, businesses must have compatible computer software to complete the submission process. We will recommend a solution to your needs.
James and Uzzell can carefully process your bookkeeping and check that everything is in order, ensure that all the VAT your business has charged is claimed for and send you accurate figures for your approval before submission to HMRC.
Inheritance Tax
James & Uzzell has what we believe to be a unique approach to inheritance tax.
Inheritance Tax is a tax on the estate (the property, money and possessions) of someone who has died. When someone dies, the government assess how much their estate is worth, then deducts their debts to give the value of their estate. Assets can include:
- Cash in the bank
- Investments
- Properties or businesses owned
- Vehicles
- Payouts from life insurance policies
No matter what your age anyone with substantial assets needs to understand and plan for the tax liability that will be payable. We will ensure that you plan your affairs in such a way that you utilise reliefs available to you and ensure your family are protected
Capital Gains Tax
Capital Gains Tax is a tax on the profit when you sell (or ‘dispose of’) something (an ‘asset’) that has increased in value. It’s the gain you make that’s taxed, not the amount of money you receive.
With careful planning and asset management, we can ensure that all allowances and reliefs are applied.
James and Uzzell take a proactive approach to managing your Capital Gains Tax.