Haris & Co Accountants can perform Tax Returns for individuals and individual businesses as well as for Corporations.

The self-assessment regime is full of HMRC penalties and investigation powers are extensive. It is important that:

• Returns are correctly completed
• To be delivered in time
• All backup records are kept for an appropriate period of time.

We can also follow this up with:

• Advice on taxes
• Negotiate with the header, if necessary
• Identification of appropriate tax planning opportunities
• Complete all necessary tax computations
• Dealing with all correspondence from HMRC, taking the worry away from you.

You are entitled to arrange their affairs to pay the absolute legal minimum in taxes.

While the completion of tax returns and legal obligations are important jobs, all accountants must be able to complete them and informs you of your tax position and liabilities.

We try to do more than this and are interested in maximizing their opportunities for tax planning.

We must all pay our taxes but within the legal framework there are many ways to save taxes and make sure you do not pay a penny more than absolutely necessary. We have extensive experience in this area of ​​work and always fight as hard as we can to our customers.

We can help with tax planning in connection with

• Personal taxes
• Corporate taxes
• Effective tax strategies employee remuneration
• Tax planning
• Inheritance tax strategies
• The capital gains
• Strategies to extract profits
• Exit strategies
• Employment status
• IR35 advice.

In addition to extensive experience in this field, we have invested heavily in reference materials and specialized software and have access to tax law, tax cases, the HMRC internal manuals and detailed commentary on all taxes, direct and Indirect. This allows us to search for any tax issue and all offer many ways to help you save taxes legally.

New customers are often surprised at how much you can do to help your tax situation. We are always willing to go the extra mile to offer advice in areas where taxes can be saved. We love this job!

It is important that this work is done in advance and you should contact us as soon as possible.

All of our Tax Planning makes legitimate use of tax legislation and case law, so as not to further endanger a full consultation from HMRC, or where there are risks, these are brought to you.

It is an unfortunate fact of business life that may well be investigated by HMRC through no fault of you or your accountant. HMRC now investigates businesses at random as well as for specific reasons. A thorough investigation is not a pleasant experience for anyone. No defence expert may be trampled all over.

If you are selected at random, you need an accountant who knows how HMRC works and thinks and is willing to fight your case. We ensure that the Treasury keeps its internal guidelines and not by the passage of the brand. Let’s talk through the research process and what to expect and support at all times.

Penalties

There are various penalties HMRC can seek to impose following an investigation of unreported income. As well as having to pay tax, you can find them seeking penalties up to an amount equal to the tax, so doubling your tax bill. Interest on late payment of tax is also part of the agreement – not a pleasant experience. We can help minimise the penalties.

While with random investigations anyone can come in the research, you can help avoid the possibility of an investigation into their business for other reasons. We know the triggers that often lead to research if you have not explained to HMRC when submitting returns to them. Each tax return or a set of accounts submitted to the Taxman goes through an anti-investigation scanning control to identify areas that may lead to an investigation before they are submitted without explanation. This really helps minimise the chances that you are on the wrong side of an investigation.

Need help with your tax return or want to pay less taxes?

Personal tax services are available to both business owners and individuals including:

• All aspects of the self
• Try tax returns
• Tax consultations
• Calculation of liabilities
• Tax Litigation
• Correspondence with HMRC
• Inheritance tax planning
• Research tax rates of protection
• Trusts.

Everything seemed fine running your own business until the day he took on his first employee and became an unpaid tax collector. That’s when I learned was that the bureaucracy.

Let us take the stress away from you and let you proceed with the execution and business growth. Payroll is complicated and has to be done on time and that the employer is liable for any errors.

We payrolls on time and can provide a service tailored to your business, including:

• Payroll of employees
• Monthly summaries
• Reports of the departments
• Dealing with leavers and starters
• Providing analysis of staff costs
• PAYE income returns
• Assistance with automated payment set-up for their employees
• CIS returns completed by us.

You never have to worry about calculating statutory sick pay or maternity and treatment of tax credits and deductions for student loans again!

And at the end of the year you will receive:

• P35 Employer Annual Return
• Employee summary P60 and P14
• P11D benefits and costs and returns P9D.

Further to compliance with payroll services, we offer comprehensive advice on all employment issues including tax:

• Tax efficient remuneration strategies
• Planning for retirement
• Termination benefits
• Incentive payments
• Company car and van strategies
• Benefits planning.

For more information, see our:

• The basics of PAYE helpsheet
• The construction industry scheme helpsheet
• Payroll

Whether someone is employed or self is not as simple as it might seem at first sight. Many people assume it is free to choose, but this is not the case.

Although there is no clear answer as to how you decide if self-employed or not, the following must be on your list

Critical factors to consider:

• Control
• The right to obtain a substitute or helper to do the job
• Mutuality of obligations.

Other factors to consider:

• Provision of equipment
• Financial Risk
• Base pay
• Opportunity to benefit from good management
• Part of the organisation
• Right of dismissal
• Employee Benefits
• Intention of the parties
• Duration of the contract.

These are often issues of labour law in general and not specific tax legislation. There is a huge amount of case law in this area and HMRC are not always right. HMRC do not have the final say on whether someone is self-employed or not. We can discuss your case and take it to the commissioners of taxes for you.

The cost, if you’re wrong is enormous. Not only is there the issue of workers and employers national insurance, being classified as an employee, also leads to all kinds of labor rights such as holiday pay, maternity pay, unfair dismissal etc. The decision must be made by the employer and, if you mess it will be very difficult to recover back taxes, interest, penalties, etc. by the worker.

We can review your current system and give you our opinion as to whether will face attacks from the Taxman. We can help advise on contracts for services to help and advise on how to maximise your chances.

Please contact us for a free consultation to discuss the tax benefits of hiring more details and different scenarios.

We offer all the services for contractors as

• Incorporation of companies
• Annual Accounts
• Corporate tax returns
• Personal Income Tax
• Company secretarial services
• Bookkeeping
• VAT refunds
• PAYE Returns
• Tax calculations
• Review of contracts for IR35 status
• Provision of IR35 against the draft contracts
• Dealing with IR35 disputes.

IR35

For more information, see our helpsheet IR35 and contractors.

There is more to consider than just buying a cheap readymade company on the Internet!

We can help with the formation of the company and check the availability of a limited company name.

We also provide the following services:

• Advising on advantages and disadvantages of incorporation in their own situation
• Appointment of directors
• Appointment of company secretary
• Issue of shares to subscribers
• Services office
• Completion of all necessary minutes and resolutions
• Assistance in opening a bank account
• VAT registration
• Record companies corporation tax
• Implementation of PAYE business plan
• Book configuration maintenance advice
• Business plans
• Help with funding.

Do you know the most likely source of finance at the best prices?

Through our close working relationship with funding sources that can help in advising on the type of finance for you and offer advice on

• Loans and overdrafts
• Hire purchase
• Personal loans
• Sales invoice factoring and discounting
• Rental and lease
• Venture capital
• Private sources of investment.

For more information see our:

• How to get a scholarship helpsheet
• How to get funding helpsheet
• Write a business plan helpsheet

Our consulting services may include a review of its systems of information management, particularly in relation to their financial systems and controls that allow you to take full control of your business.

This may include

• Cash controls
• Debtor control
• Inventory control
• Purchase systems
• Cost control
• Budget
• Financial information systems.

Reliable information management enables you to react quickly to changing business needs.