Tax Computations

Personal Tax

Completing and filing an income tax return can be a complicated process because of the information and detail required. Our experienced tax team can ease the burden by taking care of all tax returns and compliance matters on your behalf. We will prepare and submit returns and deal with claims for allowances and reliefs, payment advice as well as provide advice on tax planning opportunities. Our team will provide you with the peace of mind to know that your returns will be compliant, accurate and submitted on time.

Corporate Tax

Tax can be the last thing on your mind when you are trying to run your business. We can take care of your compliance needs by working with you in a proactive manner to ensure that your tax obligations are met.

We can assist you with the following:

•  The preparation of your corporation tax computations and tax returns and ensuring that they are submitted to HMRC on time.
•  A review of your business to ensure that all reliefs are maximised to minimise your corporate tax liabilities.
•  Advising on the most tax efficient methods of profit and cash extraction from your company.
•  Corporation tax advice regarding reorganisations and changes to your business.
•  Advising generally on how to keep your tax costs to a minimum

Capital Gains Tax

The Wolf Parkins team have the expertise when it comes to capitals gain tax (CGT) returns. We calculate the CGT that you must pay on disposal while advising you on the reliefs and exemptions.

CGT becomes payable when you sell an asset, a property or make money from sales. The amount you pay in tax depends on the value of the asset sold and your income.

When you sell property, you must report and pay the CGT within 60 days of sale. If you do not report the gains on the property within that time limit you may be liable to pay interest and a penalty.

VAT

Ever changing regulations and the growing demands of HMRC mean that VAT compliance can be a difficult administrative process. Wolf Parkins can help to ensure that you comply with the regulations and avoid penalties.

Wolf Parkins Accounting can assist with the following:

•  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