Tax

As tax advisers, our objective is to work closely with you to ensure you pay the minimum tax required by law.

We will help you to understand the tax implications of your actions, in order that you can plan ahead and conduct your affairs in a tax efficient way.

Corporation tax services

Under Corporation Tax Self Assessment (CTSA), the legal responsibility for correctly calculating the corporation tax liability falls on business owners. We understand the issues facing owner-managed businesses and can prepare tax returns in a timely and efficient manner. We will also calculate your company's tax liability and assist with the calculation of any quarterly instalment payments due.

The increased reporting obligations, investigation policies on the part of the tax authorities and harsher penalties for non-compliance mean that your time and resources can be taken up with tax administration. We will help to minimise corporate tax exposure and relieve the administrative burden of compliance with current tax legislation. Effective corporate tax planning can also result in significant improvements in your bottom line.

Personal tax services

We are specialists in all aspects of personal taxation, including self-employed, partnerships, buy to lets, and private clients. We can help you with self-assessment tax returns and provide all year round personal tax planning and tax advice to help plan your affairs to minimize the tax you pay. This includes capital gains tax and family tax planning for inheritance tax, as well as tax residency issues. We can advise on dividend and salary planning, year end business tax planning, selling and gifting assets, and all aspects of property tax. We can also help you obtain tax refunds, make expense claims and review your tax affairs to ensure they are in order and that you are not paying too much tax.

VAT

Ever changing regulations and the growing demands of HMRC mean VAT compliance can be a difficult administrative process. We can help to ensure that you comply with the regulations and that overpayments are not made. To help you manage this complex area, we provide an efficient, cost-effective VAT service, which includes:

  • assistance with VAT registration
  • advice on VAT planning and administration
  • use of the most appropriate scheme
  • VAT control and reconciliation
  • help with completing VAT returns
  • planning to minimise future problems with HMRC
  • negotiating with HMRC in disputes and representing you at VAT tribunals if necessary.

HMRC Investigations and Enquiries

Being the subject of a tax investigation or enquiry by HMRC can be a stressful and worrying experience. We have a wealth of experience in dealing with HMRC investigations, whether they are enquiries into an individual’s Tax Return, more detailed enquiries into a company’s affairs or employer-related investigations into PAYE and P11d compliance. If you are the subject of an investigation, we can provide you with expert help and support.

Tax protection

With the increased risk of such investigations it may be worth considering taking out our annual insurance policy to protect you and your business from unexpected costs; an investigation will undoubtedly result in additional accountancy work being undertaken. The amount of work will depend upon the complexity of the case but the cost could be substantial.

Require more information?

If you would like more information or would like to speak to us direct then call us on 01315540724. Or if you would prefer, ask us a question online.

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Reg. Office 60 Constitution St, Edinburgh EH6 6RR. Registered in Scotland. Company no. SC420722.


Cowan and Partners, 60 Constitution Street, Leith, Edinburgh, East Lothian EH6 6RR