Makesworth Accountants

MAKESWORTH ACCOUNTANTS
Makesworth Accountants are Award Winning Accountancy Practice of Chartered Certified Accountants
tax and business advisors. We are always ahead to embrace the latest technology & up to date
information to help our clients to grow

Tax Planning
Tax planning is the legal and complex process of arranging your affairs to minimize a tax liability.

The UK tax system is complex and subject to constant change. We offer proactive tax planning strategies for many SMEs, Corporates and even high net worth individuals.

There is a wide range of reliefs and provisions that are available to legitimately reduce a tax liability without straying into the rather more challenging area known as tax avoidance.

At Makesworth, we have years of experience and accumulated knowledge to help you to execute the best tax planning for your business or personal incomes or wealth. We make sure you get the best of your income so that you can live a life you desire.

Our expert advice could result in potentially significant improvements to your business and personal wealth.

Tax considerations are relevant at every stage and may include:

Tax efficient distribution of profits/ Incomes
Incorporation of a limited company or setting up a partnership
Business growth
Passing the business on to the next generation of family / management

Corporate Tax Planning

Corporation tax usually represents a substantial part of your trading costs. Moreover, the increased reporting obligations, robust investigation policies on the part of the tax authorities, and harsher penalties for non-compliance mean that an undue amount of your time and resources can be taken up collecting revenue for the Government.

At Makesworth, we have a dedicated team to provide a range of services to help you minimize your corporate tax exposure and relieve you of the administrative burden of complying with tax legislation. These include:

Determining the most tax effective structure for your business
Taking full advantage of tax opportunities and reliefs
Achieving the optimum capital or revenue tax treatment
Reducing tax on disposals and maximizing relief on acquisitions
Making the most of tax opportunities specific to your industry
Meeting the rigorous demands of compliance including corporation tax self-assessment
Acting on your behalf in discussions with the tax authorities

Personal Tax Planning

With the tax regime becoming more complex and more emphasis being put on taxpayers’ individual responsibilities, everyone who is subject to taxation needs professional advice and support if they are to optimize their tax position and ensure they meet all the compliance requirements.

Our dedicated team can provide the following services:

Advice on minimizing tax liability for all personal taxes, including:
Income tax
Capital gains tax (CGT)
Inheritance tax (IHT)
Completion and filing of relevant returns
Advice on which payments are due and when
Advice on trusts and estates
Every pound of income tax you save means more income at your disposal, every well-planned disposal of assets means minimal loss of capital gains, and every inheritance tax saving means more benefit for your beneficiaries.

Make sure you take full advantage of our tax planning services. Call us Now at 020 7993 8850 for tax planning review.

Profit Extraction
Profit Extraction is a key area of tax planning for all the business owners so as to know how can the business profits be extracted efficiently. This can be challenging sometimes to understand the best way to minimize the tax liabilities but Makesworth Accountants are here to provide a peace of mind for its clients for we are experts in this area to provide you with the best possible solution.
Outsourced Bookkeeping Accounting
The current economic climate has re-emphasized to the business world the importance of keeping costs to a minimum and being as efficient as possible within each area of your business. This has encouraged the growth of the market for business process outsourcing in accounting and other sectors.

For businesses setting up for the first time, space and the ability to invest in an accounts team may not be within their budget. Many new and smaller companies are unable to afford their own internal finance teams or financial controller, despite needing to have these functions and financial expertise readily available to them. This highlights the importance of being able to outsource specific functions, with the ability to draw on these resources when required.
ounting affairs with the latest technology.

HOW CAN MAKESWORTH HELP YOU?

We aim to work closely with you with continuous correspondence and provide you with a tailored service as per your needs. Our services for bookkeeping includes:

Review your bank statements, income & expenses and invoices & receipts to complete bookkeeping with a fast and reliable team.
Analyse for any requirement of VAT registration and complete the necessary procedures as needed after a consultation with you.
Research and advise a beneficial VAT scheme for your business.
Maintenance of digital records with the preparation of VAT Returns being compliant with Making Tax Digital.
Advise on our partner accounting software as per your convenience along with training and assistance in initial set-up.
Advise you on our Tax Investigation Service against the costs associated with HMRC’s tax inquiry.
Want to Explore More?

For more information on our Management Accounts Service, please get in touch with us.

Please email us now: info@makesworth.co.uk or Call: 020 7993 8850